NEW STUDY FINDS 15$/hr WAGE INCREASE INCREASES JOBS AND RAISES WAGES

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How does it feel to be economically illiterate right wing retards?

>literally no sources in the article
>report was from Berkeley
>Another study done at UW came to mixed results
>Both cities have an interest in raised minimum wage

Apply yourself
2/10


Also fuck that minimum wage hike as a Washington citizen. My beer used to be 3 a pint and now its 8. And I don't even live in that hell hole of Seattle.

>>131023631
Heres a source eat my ass

https://www.forbes.com/sites/michaelsaltsman/2017/06/21/the-problems-with-a-new-study-on-seattles-15-minimum-wage/#768afb35156a

>>131023631
>Also fuck that minimum wage hike as a Washington citizen. My beer used to be 3 a pint and now its 8. And I don't even live in that hell hole of Seattle.

That's inflation, not related to minimum wage. It's just something that happens constantly.
It's why minimum wage increases make sense.

>>131023791

https://archive.is/CPkao

>>131023118
>>131023283
>being a sodomite

Hell is for ever!

>>131023882
this. The minimum wage would literally act as economic eugenics btw.

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>>131023979
Im culturally gay like /pol/ is culturally christian

>>131024027
For ever!

Hell is for ever!

Hell is for ever!

Hell is for ever!

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>>131024151
come on you know you're wrong about religion :3

>>131023118
Guys please help us fund a new education center for Syrian refugees in Greece. .
https://www.youtube.com/watch?v=b4wFTGccYx8

>>131023118
>This just in, communist professors find supply and demand is all bullshit!
Yeah, fuck that report and fuck you for being so gullible.

>>131024395
Jerusalem

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>>131024656
AHAHAHAHAHAHAHA

fuckin retarded ancap denying evidence in their FACE. Eat shit retard, this is why you will NEVER live in your fantasy world. Have fun getting taxed by a system that's literally pinned against you

>>131024896
You're trying waaay too hard, buddy.
Take it easy.

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>>131023118
https://www.forbes.com/sites/michaelsaltsman/2017/06/21/the-problems-with-a-new-study-on-seattles-15-minimum-wage/#1249d2ec156a

>>131023882
Dude, think, if you jack up the price at which you have to pay workers, then you have less cash left over for expansion and advertisement, to continue making more money that will sustain your business you need to increase the price of your products. Additionally the prices of your components to make products will increase because now the vendors you purchase from has to pay all their employees more so they have to jack their prices up. Minimum wage causes inflation to increase and further reduces the purchasing power of the consumer.

>>131023118
So explain why is it that all the social democratic nations of the world don't have a government mandated minimum wage? And before you say it, it's because the market corrects itself when you let private entities beef it out.

>>131023118
>a study from a liberal school that bans all dissenting thought has found that their liberal theory was correct

Gee, who would have fucking thought that when you don't allow any opposing viewpoint, your viewpoint is the only one remaining.

>>131024151
christians are autists, just look at this fit throwing nerd

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>>131026390
>Economics are subjective because they came from a viewpoint I disagree with

>>131024896
Ok, but how do you reconcile your evidence with the law of demand

>>131026925
No, liberal economics are subjective because any opposing evidence is thrown out for being hate facts.

>>131024304
It's Hell. It's for ever.

Hell is for ever!

Anon.

Hell is for ever!

>>131025610
why does OP and every shill in here ignore this?

>>131023118
Holy shit guys, Berkeley fags said higher minimum wage is performing well, while people who live in the actual state the policy exists said it's performing poorly.

What a fucking surprise! California is cancer!

>>131027268
are you retarded? the law of demand is the most basic shit. get more in depth what kind of demand are we talking here?

>>131025610
I came to this conclusion before I read this.

And fuck you for making me read Forbes.

>>131026925
And yet, here you are telling me that setting a price floor above equilibrium will not result in a shortage.
Go fuck yourself. The study is bullshit and it took all of two seconds in google and a functioning brain to see that.

>>131023118
so the more you raise minimum wage = the more jobs and higher wages?

so let's increase it to 1,000/hr, at that rate no one should be unemployed.

>>131023283
>>131023118
>>131024027
Guys this is obamaleaf. He just admited hes gay lol

>(((new study)))
How can someone be so gullible as to fall for such a basic and tired trick? Call something a study and to the average idiot it gains immediate credibility.

>>131024896
What fucking mental illness do you actually have? You need to go man.

>>131023118
Something like 3% of Americans are paid minimum wage you mongoloid. And of those most are college or high school students. Of those most have no dependents and many are getting financial help from family. Minimum wage is literally a non-issue. The real reason people want a higher minimum wage so bad is because union wages are often based on the current minimum wage.

Facts vs feelings, friendo. You can't help people when there's nobody to help. Instead you're lining the pockets of opportunistic union workers

Oh yeah, forgot to mention that a CBO study determined that job loss among that 3% would be significant. Can't be arsed to find it myself so if what I already said isn't enough feel free to search for it

>>131023283
>economically illiterate right wing retards?

Most of us are nothing of the sort. Lolbertarians are anti-authoritarian leftists.

>>131027957
>People will only buy what they're willing and able
>If prices increase too much people aren't willing and able anymore
This isn't rocket science stupid socialist.

>>131030041
The original libertarians were leftists, yeah.

Then the term was coopted by right wing fuccbois.

>>131027268
Lmao all you ancaps really know is supply and demand graphs. You're so fucking dumb. Read a book beyond your regular school/college classes once in a while, it can do wonders (and I am talking a GOOD book, not ideological bs).

>>131023283
but taxes are theft though

>>131023118
Fuck off nigger

>>131030399
and communism makes more sense then ancap? what makes you better then us its better to have freedom instead of the government taking control of everything.

>>131023118
>NEW STUDY FINDS 15$/hr WAGE INCREASE INCREASES JOBS AND RAISES WAGES
>NEW STUDY FINDS 15$/hr WAGE INCREASE
>AND RAISES WAGES

No, fucking, shit.

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>>131023916

YES, YEEES!

>>131023118
>use to have strong unions in the US
>Implement federal minimum wage
>"lol I'm paying you whats required pleb by the state now, no more complaints from you!"
>unions disappear
>Inflation (for years and years actually making you worse off than you were before)
>economically retarded leftists "pls raise minimum wage"
>rinse repeat

You fucking idiots did this to yourselves.

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>>131023118
Seattlefag here, don't buy into the minimum wage meme, the only reason the Seattle economy didn't take a hit is because there's a hyper-inflated consumer-surplus bubble here, and it'll burst if there is any upset to Asian imports or Montana exports through the Puget sound. And another reason it hasn't turned completely to shit yet is because the rest of the state has a lower minimum wage than Seattle does.

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This is what $15/hr will bring

>>131030399
>https://www.forbes.com/sites/michaelsaltsman/2017/06/21/the-problems-with-a-new-study-on-seattles-15-minimum-wage/#1249d2ec156a

Okay, I'll bite. Please recommend one. Is Keynes's General Theory too novice?

Also, just so I can get a sense for your own understanding. Do you think $20T has any negative side effects? If so, which do you think is worst? Do you think reaching 200% of GDP is too much debt? What model suggest the right percentage?

Is this like when some scientists debunks global warming.

>>131023118
Wealth redistribution by a different name is still redistribution.

>>131023118
>study
>from Berkeley
might as well be Frankfurt school

>>131023118
Yeah. Move to Seattle then.
I am not a middle aged person with a minimum wage job.
If you are, then fuck you and give me my egg mcmuffin. But I'll tell you now, as your middle aged failures voting for this, I won't pay more for my egg mcmuffin when the price goes up. You will likely be on the chopping block when they make employee cuts and ease in auto-server bots to take orders.
Then I'll be considerably more pissed and hate niggers and middle aged failures even more, because I'm working my assignment off full time only to deliver a third of my check to feed the unemployed waste that you are.

Minimum wage is not supposed to be a living wage and you are not supposed to stay at that job your entire life.

The issue is that people who do think they deserve more when on reality no one deserves anything except for the chance on earth that God and their parents forced upon them, and whatever our Constitution guarantees (which are negative liberty assurances). In other words, no one in America or on earth is entitled to anything.

>>131023118
But truly who gives a fuck?
Seattle smells like piss and bum dung

>>131023916
>their conclusions on the early stages of Seattle's $15 wage experiment were not uniformly positive. The Washington Post reports: “The average hourly wage for workers affected by the increase jumped from $9.96 to $11.14

dude what
why didnt it go from $9.96 to $15? Are they factoring in employees paid under the table?

>>131023118
>study by (((((((((((((University of California at Berkeley)))))))))))))))

>>131023118
shit i guess this study is right and there is no way the opposite happens in sweden

>>131024896
Fantasy world? taxes pinned against you? Sounds like two things Anarcho-Syndicalism fixed long ago

>>131023882
you're a fucking moron, it's DIRECTLY related to minimum wage.

when you devalue the dollar by throwing more money at people for the same work, everything else has to compensate. nobody worried about not being able to afford it, everybody worried about the further devaluation of the dollar.

you fucking idiots do not understand simple concepts like buying power. you'd think getting paid $1b/h would be excellent until your dumb ass realised all you can buy with it is a wheelbarrow full of cash worth of bread.

America is already in a hell of a lot of trouble printing more and more fiat currency, your country is bankrupt and you're operating on credit. America, and Canada for that matter, are both fucked.

>>131031717
>Author Michael (((((((((Reich)))))))))

OH YEAH, MAKING THINGS COST MORE WILL MAKE THEM MORE AVALIABLE

WOW YOU GUYS ARE GENIOUSES

HERE COME GET INTO MY LIFE OVEN

ITS HEAT BRINGS LIFE AND MAKES YOU LIVE LONGER YOU FUCKNIG HASIDIC LIE SPEWING GARBAGE MONGERS

>>131031788
>Anarcho-Syndicalism
How many times can we re-brand communism?

>>131023118
Nigga u even science
A single study cannot be trusted. You can cite 20 others that say otherwise.

>>131023118
Your fiat currency is still worthless no matter what (((they))) set the minimum wage to.

>>131032325
Not only that, we basically already live in a communist centrally controlled stated via the fed.

Feels bad man, crypto is the future.

>>131031585
Unlikely, especially with all that rain.
>>131031535
Everything about your post screams "middle management," particularly
>a third of my check
Federal income tax for 2017 puts that at the 191k to 416k. You're just filled with so much hate and loathing for the "inadequate" of society because you make somewhere between 126k and 274k annually after tax? Nah, it's because you're an angry little fucker, probably fat and bald on top of it.

>>131032325
i thought fiat currency implied the currency isnt tied to anything physical, whereas the usd is tied to oil

>>131032566
It may be tied to oil, but I don't think the USD is considered 'commodity currency'. Raising the minimum simply does nothing if your dollar has little to no value. We need to do things that strengthen the dollar so the consumer has more purchasing power. $10.00 an hour was great in the 80s and 90s, let's get back to that.

>>131031535
>Minimum wage is not supposed to be a living wage
Who told you this? That the largest pool of jobs don't have to pay well. I would bet 1000 dollars that you couldn't run the grill at Wendy's through an entire lunch. You would be totally fucked in about 20 minutes.

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>>131034140
>No, don't you see?! Only I, in all my educated, BA-having glory, am worthy of owning a house and reproducing! My genes are superior! It's my world, and the rest of you are just living in it! My work is what's valuable!

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>>131023118
>(((Michael Reich)))

>>131024151
>>131027382
autism

>>131034754
>completely ignores the fag that just posted a nude
>>>r/atheism

>>131023882
>a FUCKING LEAF doesn't know that it's directly related to increasing wages.

>>131023118
>implying
It doesn't by definition. Move along.

>>131023283
Allow them. Let them believe their twisted little fantasy. Educating them won't work since they'll just ignore it like the goys they are.

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Nope just puts you in a higher tax bracket.Government wins again.

>>131023882
Wtf are you talking about as soon as the minimum wage went up in Canada prices for coffee at Tim Hortons went up too. It was directly related.
> pay employees more
> things cost more

>>131032491
Not bald or fat. 28 and working at a nice job that is above average for my age but not quite the National per capita with money saved in a good neighborhood and a healthy relationship with my wife (who makes only slightly less than me) and daughter in a good school.

My peers do not have any worm ethic and get what they deserve. And that's a result of a variety of factors which do not excuse them or entitle them to anything.

>>131034140
First job was grill at McDonald's twelve years ago when I was fifteen. when you were playing vidya and harassing girls on aim and MySpace.

Who knew playing games and developing no unique skills would only allow you minimum wage cuck jobs?
'master race' folks better not be Shilling this fifteen dollar entitlement fee

>>131034531
Do you work? or are you resisting the 'employment jew'

>>131037266
>>131037589
>My dick's 12 inches and I feel the need to tell everyone on /pol/ how great it is. I'm so amazing and I work so much harder than everyone around me.
I don't think anything you've said is that believable, honestly. It's hard to imagine someone who's even remotely useful not understanding how self-important and pompous you sound right now, let alone someone who was able to find a woman who can tolerate him for the 30 seconds it takes for him to procreate.

Also, sage goes in the options field, you insipid cunt.

>>131023118
I am a communist and even I fucking know that increasing wages for everyone will rather result in increase of price than everything useful.

It's not that hard concept to grasp, ffs.

Are you ready to pay more for the meal, to support $15 wages? Yes? Well, ok with you.
No? Then fuck off, you faggot.

>>131030984
B-but unions are communist?

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>>131023283
>right wing retards

Good to know you are a literal faggot

>>131030556
>what makes you better then us

We don't think that individuals that are collectively called "sharks of capitalism" for a reason, will abide some unwritten meme rules like NAP or fair play just because of the "people stop using services" meme.


Also, freedom is nothing but a buzzword rich fags and jews use to line up cannon fodder for either the shearing or the slaughter.

It's funny that people who promote the minimum wage hike always go the owners can afford to pay more but its only big chains that can do that if you enjoy any small local shop or eatery, they will be out of business real quick. The profit margins for restaurants are only 5% on average.

>>131042044
>It's not that hard concept to grasp

It is for niggers and other liberal retards.

>everyone gets richer
>prices rise

>>131031693
muh tax braketz

>>131023118
If it's advantageous, the free market is going to adjust and settle around the higher wages. If it's not, than it won't. This shit is already covered by capitalism. Meanwhile, socialism doesn't cover low-pay jobs being outlawed by minimum wage. Basically, you're a massive retard.

>>131023118
they just all work part time now, with no health benefits

>>131023118
But, the existing jobs have lower hours. And, the cost of living goes up.

>>131023118
It's easy to afford the minim wage when all they do is hire Mexicans at fraction of the cost already while only having a few select individuals actually getting 15 an hour.

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>>131023118
>Berkeley
>credible
>people still unironically believe this

>>131042243
Unions are necessary in Capitalism. Just not within the "you can't fire me if I do a strike every day", "everyone is forced to be part of the union" environment.

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>>131023118

If its 15 dollars in my city and I knew the town over was still 10 dollar minimum wage, I'd be down there for any purchase.

>>131023882
>>131025636
>>131031845
These. I don't want people to pay a crapton of money for food just because some high schoolers and college kids with minimum wage jobs want more money that they can waste on weed.,

>>131023118
I dont trust "studies" anymore
always something cunts with a bullshit study that twists the data

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>>131027268
Every labour market has a degree of monosponsim and in plenty of cases a price floor can be more efficient than a market price

Same jobs less money

http://www.investors.com/politics/commentary/the-bitter-lesson-from-seattles-minimum-wage-hike/

>>131044915
>Retarded protest takes place at a university once
>Now their economics department is completely disreputable
You know thats not an argument

>>131023118
This study is such B.S. the only reason it's working is due to seattle being in one of its biggest economic booms it's ever seen. this story has even been on the news. they did also state that this wouldn't be happening if this happened a few years ago during the recession.

>>131023118
New studies are always right

>>131023118
I think i will leave my poor country where minimum is 463 dollars per month where people cant eat 3 meals per day.Even in times of comunism we had better economy for average citizen than under pro EU socialists.

Why, instead of raising the minimum wage, don't we demand of politicians to raise what a dollar can buy?

>>131045310
It is though. If they allow shit like that happen at their uni then that speaks alot about their quality.

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>>131030088

But in a leftist utopia, you can just make college free and then that $70k college loan can be spent on other things.

Then when they can't get pay off their loan with the minimum wage job they will get from their nigger studies degree they can just have the government increase the minimum wage even more.

This system is perfect and will never fail! The government can just gove you more money.

>>131031535
Neither are the capitalist class entitled to land, capital, and surplus value. They stole that.

>>131045917
Maybe the administration

Certainly not the academics

>>131034140
I could learn it from the trainer in 20 minutes you dumb fuck that's why it doesn't deserve to make enough to take care of a family

>>131038641
>I can't imagine someone who disagrees with my entitled and retarded economic beliefs to be both successful and in touch with reality

Fuck off

>>131023118
>The report from UC Berkeley
And discarded

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>>131023118
>University of California at Berkeley

Try a real school.
Thanks!

>>131023631
>My beer used to be 3 a pint and now its 8

That's happening here in CO too, but wages aren't keeping anywhere near with inflation

>>131023118
>one of the most expensive cities in the country can afford a $15 minimum wage
Call me back when this is done in bumfuck mississippi

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>>131023118
and of course the left has never been known for bludgeoning statistics for political purposes

>>131023118
But 16$/hr doesn't?

>
>Seattle's $15-an-hour minimum wage law has boosted pay for restaurant workers without costing jobs, according to a study released Tuesday.
Oh nvm it's a case of I don't know basic logical fallacies.

>>131023118
>wage increase increases wages
sounds like jewspeak

>>131023118

who the hell works for lower anyways?

>>131023791
Why not be a scholar and cite studies instead of news articles

>>131031043
>And another reason it hasn't turned completely to shit yet is because the rest of the country has a lower minimum wage than Seattle does.

ftfy

>>131031240

if it saves me the 10 minutes it takes the downie at the register to push the button shaped like a hamburger, I'm game. Especially on the cook side

>>131023118

These economic studies are useless because they take different assumptions every time. One day 15 $/h minimum wage is a disaster, another day it creates jobs. Only one way to find out.

>>131023118
Is anyone surprised by this? Strong unions pushed for this decades ago in Europe and nothing bad happened. Just capitalists trying to capital as always

>>131031240
Lots of places in the world have high minimum wages and keep the same number of employees

>>131023118
The negative effects of min wage hikes isn't immediate. It causes inflation, as well as totally devaluing the people who USED to work at 15/hr. Imagine you make 15/hr. Then the burger flippers who used to make 7.5/hr gets his wage boosted. Now it's equivalent to yours, even though your job may require more effort, more skill, or whatever else. Why work that job it now effectively became a minimum wage job?

>>131049599

Useless jobs should disappear. They will disappear at some stage anyway so let´s speed the process up.

>>131044357
>the owners can afford to pay more but its only big chains that can do that

even still, the big chains are mostly franchisees and have much tighter margins than average joes can comprehend. There's a reason something like 1in10 restaurants fail within their first year, regardless of it being tied to a national chain or being a local establishment. UBI or a $15/hr min is going to do nothing but raise the economy's "point zero" starting point and trickle up prices on EVERYTHING, hurting everyone currently making $16/hr+

>>131023118
Its a political stunt and fake news;

https://www.google.com/amp/s/www.forbes.com/sites/michaelsaltsman/2017/06/21/the-problems-with-a-new-study-on-seattles-15-minimum-wage/

>The City of Seattle was already funding a highly-qualified, unbiased research team at the University of Washington to do such a report. The team includes a roster of impressive researchers from a wide variety of backgrounds–ranging from Jacob Vigdor, who is a professor at the University and an adjunct fellow at the Manhattan Institute, to Hillary Wething, who was formerly at the union-backed Economic Policy Institute.

>The UW reports on Seattle’s $15 experiment had something for everyone. Unfortunately for the Mayor’s office, their conclusions on the early stages of Seattle’s $15 wage experiment were not uniformly positive. The Washington Post reports:
>The average hourly wage for workers affected by the increase jumped from $9.96 to $11.14, but wages likely would have increased some anyway due to Seattle’s overall economy. Meanwhile, although workers were earning more, fewer of them had a job than would have without an increase. Those who did work had fewer hours than they would have without the wage hike.

>Nuanced conclusions like this one don’t lend themselves to celebratory press releases like the one the Mayor’s office put out yesterday. Enter the Berkeley team, which always arrives at the same positive conclusion on minimum wage no matter the number: In their view, a higher minimum wage is always a good thing.

Cont...

>>131049976
>In an expose published last year, the Albany Times-Union used emails obtained via public records request to explore the motivations of the Berkeley team:
>The Times Union was recently provided hundreds of pages of emails among minimum wage advocates, Jacobs and other Berkeley academics, demonstrating a deep level of coordination between academics and advocates….
>The Berkeley Labor Center has done at least six other studies on the minimum wage in California municipalities, all showing that a wage increase would be beneficial. In fact, Jacobs could not name a study conducted by Berkeley that said raising wages would have an overall negative impact. …
>
Given this history of identical results, it’s not surprising that the Murray administration in Seattle was anxious to have a copy of the predictably-positive Berkeley report to tout on the third anniversary of its minimum wage law

>>131023118
It's very hard to carry out controlled double-blind studies in macro-economics, for example there is very rarely a control group. This study doesn't meet the standard that would be required for sure knowledge.

What can be reached with confidence is any conclusion that can be derived with pure logic, which indicates that price controls of all types are flawed and sub-optimal.

>>131023118
>raise minimum wage to 15 dollars
>people refuse to work regular jobs that pay the same as a fucking McDonald's cashier
>most corporations refuse to pay that much
>many lose jobs
>robots take over majority of the jobs of those who are complaining because their jobs are already easy
>economy crashes
>but at least we were nice and gave them whatever they wanted :')

"Immigrants will pay our pensions" "Diversity is our strenght" "Islam is a religion of peace" "Weapon of mass destruction in Iraq"
Yes I have a lot of reasons to believe studies and medias

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>be me
>live in ancap paradise
>no internet because companies were never funded so it wasn't developed
>eat breakfast
>hope I don't die of heavy metal poisoning because there are no food safety regulations
>go to work
>hope I don't get hit in my car because there are no car safety regulations
>work for 9 hours with a 15 min break to eat my hopefully toxin free food
>come home to see my daughter
>completely illiterate because public schools were closed and I don't have money for private school
>next day
>daughter gone
>oshit.jpg
>call the police
>"You will be charged 19$ for this call"
>has to pay 1000$ for the search
>only make 10$ a month because no labour laws
>they decline
>look for her myself
>get stabbed for my shoes
>police officer standing right next to me can't help me because I don't have coverage with their company
>can't afford to go to the hospital I'd probably die there since there are no requirements for proper sanitation
>megacorporations inherit my property because of my employment contract
>such is life without the oppressive government

>>131023791
Fucking Canadians.

>>131023882
>inflation
>not related to minimum wage
what did he mean by this

>>131051324
You most likely will if it goes your way, though.

>>131023118
>>The report, from the University of California at Berkeley's
Okay, dropped. It's agitprop.

Why would I ever take something as credible from a campus that employs communist Antifa

>>131023916
Under 2 minutes but ive seen you do better

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>>131052013
I won't lie it's true but in time I have begin very diffident and doubtful on all news

BRO WHY DONT WE JUST DO 15 BILLION AN HOUR MINIMUM WAGE?

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Is it $15 as a flat wage with no raises? If this happened in my city, I'd feel kind of cheated as it took me 11 years just to get to $14/hr. Even worse is how Walmarts pay structure has a 2% annual wage increase, which is half of what it usually is.