Prove easing the minimum wage to 15 dollars an our is a bad thing.

>>131942885
>see seattle
SAGE

spics getting $15/hr will make me rob them all.

>>131942885
>easing
Prove to me you understand English.

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>>131942885

>>131942885
Real estate market is on the verge of collapse again. The retail apocalypse has already started. Medical and student debt continue to rise despite being unpaid, while megacorporations begin to swallow competitors and monopolize. They have the technology to replace a worker with a robot for less than $15/hour provided they lease or stay optional for several years.

Likelihood is that a living wage will be instituted following a massive depression.

If you're able to still make $8.00/hour over your living wage you would literally be the new middle class.

But, if $15/hour happens, there is no reason to offer you more than a small apartment with tap water and processed food.

>>131942885
It increases unemployment.

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>>131942885

How many jobs will be lost at each entry level work place. Lets say 8, 2 shifts 4 people each. How many jobs will be created for these low skill employees?

>>131943455
Operational*

http://marginalrevolution.com/marginalrevolution/2017/06/seattle-minimum-wage-study.html
This is the tldr of the findings of the commission seattle wanted. Next.

Millennials in Seattle are taking home less money now, and they haven't even got to $15 an hour yet.

>>131943598
I hear they're commissioning a new (((study))) because they don't like the results of this one.

Liberalism is a mental disorder.

>>131942885
why dont we make it $25 an hour? people need to make a living here

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>>131943455
It will also expand the tax base, when these $15 an hr employees find out they no longer at in the lowest tax bracket they will riot.

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>>131943598
There it is, the memorized leftist leech snarky response

>>131942885
peer reviewed source? you puke. How about actual business owners first hand accounts? I cant afford to pay it and maintain a healthy bottom line. The point of a business if to make money, all I am doing is firing part time and hiring 2 managers to do the job of 5 people. I lose 5 employees saving me enough to pay the salaries of 2 people who then get to work their ass off.
t. a business owner.

>>131943798
Oh I found it.

http://www.foxnews.com/politics/2017/06/29/seattle-commissions-new-minimum-wage-study-after-dismissing-first-results.html

Leftists are a joke.

>>131942885
I make way more than that so if this happens I might have to cut back on my housekeeper and have her come every other week. Similarly I might get rid of my lawn guy and start cutting my own grass. Lots of my neighbors will do this too. And most of the minimum wage jobs will just be automated because this will cost large companies billions.

>>131942885

No, I don't want to prove it to you. I want your commie states to fail. Make it 20 dollars.

>>131942885
It's bad for basically everywhere except California. Inflation is so ridiculous over here 15 dollars an hour still wouldn't be shit.

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>>131943876
what a stupid pic. niggers gonna get taxed on 7 per hour and be left with 5 something.so the 15 with 50% tax IS better even in your bullshit scenario

>>131944422
Didnt Monterrey do something in the late 90s where they raised the city wage to $18 an hr?

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>>131944113
lol. why dont YOU work harder

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>>131942885
If you are underpaid, then vote with your labor and leave the company. They'll either raise your pay, be helping the competition, or be removing a useless asset (which I'm assuming you are since you're a lefty).

If you can't be employed elsewhere, then become an entrepreneur. You will either succeed and become wealthy based on your own merits or fail and further prove your incompetence.

There, thread over. Now we can all ignore this shill thread for good.

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>>131942885
dunno, just ask these minimum wage workers

>>131944519
Nah. Currently if you are a minimum wage slave you qualify for EITC, which is essentially welfare that comes to you in your tax "refund". Plus all the other benefits that you qualify for at current minimums. Now, it would be entertaining if we could somehow stop the income requirements for food stamps, section8, etc from going up and then institute a minimum wage that was above that. If done in a manner that was gradual it could lead to the elimination of handouts and allow most wealthy people to increase their wealth, and wealth is always a good thing imo.

The problem is inflation. If government would get out of the private sector and stop spending so much darn money our dollar would be a hell of a lot stronger.

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>>131945282
>EITC
$506 with no qualifying children
https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts

$500 a year? sit down faggot

>>131945190
Next stop: the beaners in the back. Can't wait for the glorious day that I can get a perfectly cooked hamburger served without lip from a restaurant staffed by 2 highly paid engineers.

>>131944159
They will double down soon and say we need 20 per hour.

>>131942885
lol I thought that person in your pic was Hitler for a sec

>>131942950
elaborate. seattle was tiering it, it isn't even in full effect.

>>131944391
$100/hr you pussy!

>>131945582
Guess you forgot about the standard deduction? Not a surprise.

$7.25 * 40 * 50 = $14,500 year

$14,500 - 6,350 standard deduction = $8,150 taxable income in lowest 10% bracket = $810 taxes paid - $506 = $304 taxes paid

Of course, if you have niglets there is the deduction for them and then the EITC can be as high as $6,269, meaning you actually got free money. Of course, you likely got many other gibs, and I'm just simplifying.

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http://www.nelp.org/publication/raise-wages-kill-jobs-no-correlation-minimum-wage-increases-employment-levels/

>70 years of data find no correlation between minimum wage and employment levels

>hurr durr we can't increase wages, it'll make things even worse

good goy

>>131944422
Can confirm. It's $13 in San Francisco and it's still expensive as fuck.

If I made $16/hr, and they raised the minimum wage to $15/hr, why would I keep my job?

If I could just work unskilled labor making burgers for $15 that was once valued at $7.25, why would I keep working that much harder for a dollar more?

>>131947817

All those jobs referenced in the image are now non existent in the west, so they were right.

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>>131948487
because they found better alternative... choal got replaced by gas etc... u dumbass

>>131947817
But they were right, these businesses went on to need gov bailouts time and time again

>>131942885

Even the most useless fucks will be entitled to $15. The only people worth hiring will be demanding $25.

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They should give everyone one hundred trillion dollars, those greedy fucks. What could go wrong?

>>131945642
this would be unironically great, burger engineer a legit career choice

>>131948843

Also lack of fucks given if other countries do if as long as we get our t-shirts for pennies. We'd be fucked if human rights were universal.

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>>131949208
Fuxking jew inflation never existed ww2 germany was photoshop educate urself

>>131942885
Get rid of tipping too

>>131942885
>easing
>an our
>Paying people with a 4th grade English level $15/hour

>>131944113
This. And fuck the other person saying YOU should work harder. I work my damn ass off 7 days a week growing my business. I have over 20 employees (mixed managers plus staff plus sales reps). If I payed all my employees $15 an hour I would literally be out of business. Idiots who post this stupid shit have never run a business (let alone a successful business) in their fucking lives. My low end staffers make above minimum wage already and my manager and high end staff/sales team is making a shit ton of money and none of them are older than 25. I have 19yr olds with no college making 30k a year. I never had that kind of job at their age. Shit, I have adult friends who will never make that much and they have college degrees.

Fuck this $15 minimum wage bullshit and anyone who pushes it. As soon as that shit happens in my state all I can do is fire the low end staff and replace them with machinery that will do their jobs. I've already looked into it just in case. I enjoy giving young adults an opportunity for employment but that's not purpose of a business.

Of course it kills jobs: the minimum wage was a Progressive idea DESIGNED to kill jobs for eugenics purposes.

http://fee.org/freeman/detail/the-eugenics-plot-of-the-minimum-wage
http://archive.is/zgMcl

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>>131949355
you're right.
It can never happen though

>>131946845
>it isn't even in full effect.
thank god, since the negative affects seem to get worse as the wages rise.

>http://www.nber.org/papers/w23532

>>131949557
you could work instead of posting in 4chan.

>>131949208
Is that an example of Zimbabwean high technology or high art on the bank note?

>>131948456
Because your effective quality of life has gone up. Less stress at home means less stress at work means a higher quality workforce. We've already seen this happen with stores like Fred Meyers or Winco: You pay your employees more and you get more out of them.

And if jobs are lost then that's a problem with the market, not the wage itself. If the market can't sustain a livable wage for its employees then the market is inherently fucked. Not just that but having a low minimum wage is a net negative for capitalism as instead of spending money and circulating it back into the system they are forced to spend it on things that don't actually help smaller businesses (ie bills, loan repayment and cheap subsidized food).

If you're an accelerationist you should be all-for sharp minimum wage hikes to force us into the future of automation faster. If you're a capitalist you should be for it since it increases the circulation of money in the economy.

>>131942885
The only people opposed to $15 minimum wage are greedy business owners and people too retarded to get an entry level job. Get skills and minimum wage wont apply to you.

$15.25 here soon to be $16 . Society hasn't collapsed here.

Socialism fails.

>>131949557
Government finds it easy to pay this wage, because any time that they run short of money, they can just sign a few papers then start increasing the amount they steal from the taxpayers. Monopolies work very well when they can also use weapons to force people to buy their products at whatever price they want.

>>131949869
Hey idiot. It's late in the day where I am. I also work from 6am till about 8 or 9 at night. If I spend anytime at all on here it's because I fucking can after working almost 12 hours in a day. Go get fucked in the froggy poop hole while sipping a late in your Muslim infested bombed out cafes.

>>131942885
>bad thing.

How about a good thing?

>>131942885
>Prove easing the minimum wage to 15 dollars an our is a bad thing.
No kid ever said they wanted a minimum wage job when they grow up.

saged

>>131949557
It sounds like your business is shit if you can't afford a minimum wage hike that high. Considering 30k/year is already around $15 an hour. With how retarded you are at math, it wouldn't surprise me.

Also 30k a year is chump change. I was making 6-figures fresh out of college. I've also worked at small businesses (~40-50 people) that could afford to pay well above minimum wage because they didn't pay their middle managers a retarded amount.

I don't agree with raising every minimum wage job to 15 dollars an hour, but some jobs instead should pay above minimum wage, burger flippers don't need that kind of cash, but where I live EMT's and road workers get paid minimum, and the reality is that if minimum wage goes up that high people doing important jobs just aren't going to do them when they could be flipping burgers for the same amount.

>>131942885
Me and two of my peers all say it's bad.

>>131947817
Neither of the people that wrote that article have degrees in economics, and you can't do a study like this because there doesn't exist a "control group" of areas where there are no minimum wages. The only area you can study, are areas that have a minimum wage.

>>131948843
People got replaced by machines.

>>131950128
Go fuck off. Business owners aren't greedy you dumb fuck. We run a business. Which cost a lot of money to run. Expenses don't get paid out of magic fairy dust.

>>131950076
What do you mean "Livable wage" people who make 3$ an hour can survive on it. It's not a matter of a "livable wage" it's a matter of "I want a wage that suits my lifestyle". The issue shouldn't inherently be increasing the cost of employees, but lowering the cost of living. Also seattle shows how fucked it is to try an institute a 15/hr wage.

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>>131942950
3% unemployment, booming employment

k

Minimum wage laws have done more harm to blacks than slavery.

https://www.youtube.com/watch?v=PNJxdvquvK4

>>131942885
>1 post by this ID
sage

>>131950128
>$15.25 here soon to be $16 . Society hasn't collapsed here.

Aren't you products nearly twice as much as those in the US? STRAYA has $21 minimum wage or whatever and they always complain about expensive items.

>>131950782
Read the bill again, fucking retard, not everyone is paying $15/hour year. Minneapolis just passed $15/hour, not until 2024.

>>131950616

>Greedy business owners

>Business owners aren't greedy you dumb fuck.

Wow your illiterate no wonder you have a hard time running a business.

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>>131943598
>>131943798
This study came out a week ago.

Seattle's high minimum wage hasn't cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

Then the corporate shills came out with a debunked fake news study that 3% unemployment and booming wages is a bad thing. They literally used this chart pic rel.

>>131950782

>>131950464
Going by the average number of hours worked by a minimum wage employee (15$/hr), the average yearly take home of a minimum wage employee at his job would be 36k (Yes, all of that is being taken from the business). Now, just pulling a random number of low-end employees who work for him (Let's say 12), that would mean he has to pay an extra 72,000$ per year, because of a minimum wage increase, to employees that in all likelihood didn't even need the raise.

>>131950637
You didn't even read the rest of my post, so good job.

A livable wage means being able to afford non-essential things without breaking your wallet. Capitalism requires people that can actually buy into it. People who can only spend money on barebone shit to survive (and people can survive making $0 an hour if you want to move the goalposts further) will not feed the economy. They don't contribute to growth.

And what's your other solution? More tax cuts? Let companies hoard even more money instead of circulating it?

(((Peer)))

>>131943798
>http://marginalrevolution.com/marginalrevolution/2017/06/seattle-minimum-wage-study.html
i read the same thing yesterday, damn jews will pay anyone to say anything they want.

>>131950959
That's for Seattle. I'm FOR a $15/hour min wage.
.
I'm not a corporate shill or billionaire globalist supercuck

>>131950128
Greed has nothing to do with it. Everyone is inherently greedy. But an employer who pays someone $15, who only returns about $10 worth of value, is a net cost to the employer, so the position will cease to exist. The employer will only hire someone if it will make them some amount of money, but never if it will lose them money.

Businesses that make a habit of money-losing decisions will go broke and shut down, to be replaced by more cost efficient businesses in darwinian fashion. That's why it doesn't matter how greedy or generous the employer is. The result is guaranteed to be the same.

>>131950986
>>131951106
Again, retard, not every business in Seattle has $15/hour, not until 2020. NO study should matter until 2020.

>>131951043
$72,000 a year is almost literally nothing to a well-ran company. If your margins are so thing that you're only making around 40-50k or so a year then your company is fucked regardless of a minimum wage increase.

It means your company is non-stable. If something were to happen to you, your business or an employee everything would go bust.

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This is the american dream, you may not like it

>>131950878
Ive travelled to US, id say about 20% more expensive if you include currency rate. Meat and fresh food is far better quality here though.

Property and rent prices are more what we complain about. But that would be because of all the chinks, yanks, bongs and kikes buying up all the land. If it wasnt for $15 min wage a lot of people would be homeless.

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>>131943521
>there are still cashiers
>there are cooks

They're all making $15/hour.

Lol u corporate shills are such fucking degenerates

>>131951051
1.Your post is not some economic gospel, I'm not obligated to read whatever tripe you post with a proud democrat flag
2.By what metric do we define "non-essential". Do you mean just food, shelter, and heat? That can be afforded far more then easily, it's almost impossible to work a job in the US and not have access to those things in some form. Why then, should the wage be far in excess to this.
3.My solution is to end tariffs and taxes, to allow goods and services to be allowed on the market more cheaply, and more freely. It's funny how you're a "democrat" but want to support the policies and politicians that help the very things you're against.
4.Neck yourself you dumb faggot.

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>>131951250
They're being phased in. So we can measure the changes constantly. The first tier is already at $15.

When do the job losses you corporate shills promised me, happen?

Cause so far employment is booming. >>131950782

>>131951051
This Marxist position has been debunked time and time again. If you think minimum wages put more money into the system, you're committing the broken window fallacy, and simultaneously neglecting the impact of people whose wages have been reduced to $0 (unemployment, the "real" minimum wage).

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>you silly goys you must work for me for as little as possible

>>131951278
"I never took a basic economics class 101"
Business isn't guaranteed profit margins for years after it is started. For all we know, the guy COULD be just barely scraping by through no fault of his own. The fact you think every business should be a powerhouse and turning a huge profit margin, shows you have no idea how reality works.

>>131951590
back to India, you reek.

>>131951574
Employment goes up and unemployment goes down when you raise the minimum wage to $15/hour >>131950782

https://www.youtube.com/watch?v=8wAa9DqHZtM

>>131951382
>>131951499
This doesn't factor in hours worked. The recent article published in the fee shows that even though employees are still retaining their jobs to an extent (And not even that is really known), employees are losing hours, and losing money. But you can look at unemployment all you want you dumb leaf.

>>131951701
Yes, and money earned goes down. Now please either kill yourself or leave this thread you dumb shitposter.

>>131951499
Percents don't matter as much. I could hire 99 employees out of 100 citizens and give them 1 hour a week and have 1% unemployment.

>>131951233
The problem with this logic is that companies have a vested interest in keeping the wage of their employees as low as possible. Hence why minimum wage AND immigration-control is needed: If there was no minimum wage and no control of immigration you would see the value of labor drop sharply.

As much as we whine about how a cashier's job is barely worth shit, the reality is that we could bring in some poor mexicans or africans, abolish the minimum wage and pay them absolutely nothing. That's how farms operate as-is.

Plus there's extreme flaws in judging employee value. For example an employee might return $15 for every $10 you pay him, but he badmouths your company and costs you customers and further workers. An employee might cost $15 for every $10 you pay him, but he actively draws in new customers or shops at the place he works.

>>131951702
You know that corporate shill report has been debunked right?

Hours worked are booming in Seattle. That's what happens at a 3% unemployment rate. I don't think you understand the labor market.

That report just took a few small mom and pops and said a few workers lost a few hours. That's what you corporate shills are basing your entire argument on.

You're arguing that higher wages are bad. >>131950986

Your corporate shill report was damage control because this came out a week ago.

Seattle's high minimum wage hasn't cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

Michael Reich, a professor at Berkeley’s Center on Wage and Employment Dynamics, said the new Seattle study is flawed and should not be taken at face value. He argued the sample size is too small and excludes large-chain restaurants.

The report “is problematic” and its conclusions “unwarranted,” he said. Reich co-authored a recent study that argued Seattle’s higher minimum wage did not hurt employment.

http://www.marketwatch.com/story/seattles-15-minimum-wage-may-actually-cost-restaurant-workers-study-finds-2017-06-26

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>>131951590>>131951633

>>131951913
> The report “is problematic”
Yeah, to commie retards.

Back to India, you fucking REEK.

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>>131942885
I'm 18 on minimum wage working at a donut shop and I can afford a fucking apartment. I bike instead of drive to save $ and I'm getting a room8 and a raise soon so I'll be able to afford a moped or some shit. Minimum wage is liveable and I still think higher minimum wage will just raise prices in a never-ending spiral.

>>131951463
I'm sorry you're so triggered, friend. Maybe it's time you go back to your (((safe space))).

>>131950464
And you didn't read what I posted. I have kids who at 19 are making 30k a year, almost 40 if they do well with commissions. Nobody at that age (without a college degree) makes that much. And if you do, great for you. Most of my staff are lower tier high school students. If all of them made $15 an hour there would be no business. Again, you have no fucking clue since you obviously don't run a business yourself. Paying people wages is only part of expenses in a business. Jesus it's like fucking talking to retards on here.

Growing a business from a small mom and pop operation to a medium size to a large scale business takes time and lots of investment.

The business that you get paid from took someone else a lot of time and investment in order to grow it to the size where you make the wage you are paid.

>>131951794
I honestly don't think right wing retards understand what a 3% unemployment rate means for a labor market. Do you know what a tight labor market means?

>>131951463
>You can obtain food heat and shelter on $3 an hour
I too am a factory worker in the 50's

>>131951806
Which is it you fucking idiot, businesses benefit when wages are high and employees are productive, or business's attempt to attract every single cent from their workers without any thought to productivity. If it was truly more viable, and more economically sound to pay employees more, then business's would do it.

>>131951770
Money earned is booming in Seattle. You corporate shills are really bad at this. >>131950986

>>131952050
Or a current mexican migrant. Here's an idea:Don't buy internet, or television, don't buy junk food or snacks, find an ostensibly cheap place to live, and survive.

>>131952007
They only looked at a few small mom and pop restaurants. That's it. It's been debunked. You corporate shills have been btfo

You corporate shills have had to resort to arguing that 3% unemployment, booming wages and employment are a bad thing now


And you've also admitted that higher min wage doesn't kill jobs. You shills used to try to make that claim. You can't anymore.

>>131952113
It was proven in a peer reviewed study to be going down.

You REEK of shit, man. Seriously go back to India.

Wages are logically tied to the utility of the work. If the utility of the work is less than the disutility then there is no logical reason for the worker to work. From the perspective of an employer, if the utility of the work is less than of the wages there is no logical reason to hire a worker.

By putting a wage floor while no changes have been made to the utility of the labor only forces employers from the market. t.General Theory of Money, Employment whateverelse Keynes.

Let people work for what wages they will, you fucking commie. t.Free to Choose, Friedman

>>131950464
If you think paying over half a million dollars in wages to 20 people in a year is reasonable for a low skill entry level job, you're a fucking idiot.

>>131951806
>you would see the value of labor drop

Please explain to me why this is a bad thing. If the price of something drops, this means I buy more of it.

At some point in history black teenagers had a higher employment rate than white teenagers.

That happened because there was no minimum wage laws. Once they implemented it, employers had no option but to hire only people who had enough skill to justify a minimum wage. Therefore lower skilled people had a harder time finding jobs.

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>>131952050
You have to understand that corporate shill and billionaire globalist supercucks like this guy >>131952179 their entire ideology is to work for as little as possible so their gods can have it all

why did i know the sperg, communist, nigger-worshiping leaf would shit up this thread

>>131952248
No it wasn't. You literally just made that up. You corporate shills reek of desperation.

>>131951913
Unemployment rate doesn't measure hours worked, all it measures is the amount of jobs that exist. I'm saying the minimum wage inherently cost jobs (though it could), but it is surely hurting low income workers now. Also I love how a leaf, unironically uses the words "problematic", so please off yourself and stop shitposting.

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>>131942885
Because nobody whose lives are worth living believe that min wage jobs provide that much value and, at the current rate of inflation, won't for another 20-30 years.

I peed three times today, and I reviewed the above.

Awaiting faggot OP's response...

>>131952361
Tell me bong, where did you guys go wrong colonizing that part of the world?

>>131952027
Nobody at that age? You're wrong. My companies hire interns without a degree and we pay around $25 an hour. We're a software company.

We've paid highschool interns slightly less but there's a lot of prospective developers coming out of highschool.

I'll just say it now: Your business is shit. If a minimum wage increase would tank your business then your model is shit and can only survive off of underpaid labor. Reminds me a lot of Farmers bitching that Americans wanted to get paid a lot more than Mexicans when they needed people to pick crops after chasing out immigrants in the area.

>>131952394
https://www.nber.org/papers/w23532
> Consequently, total payroll fell for such jobs, implying that the minimum wage ordinance lowered low-wage employees’ earnings by an average of $125 per month in 2016

You REEK of shit.

Communism always fails, you clown. Fuck off back to India. Go turn that dump into a communist cesspool.

>>131952287
McDonalds makes $4 billion a year in profits. The Walmart family is worth $150 BILLION.

I get that the only reason you people exist is to serve your billionaire globalist overlords but You corporate shills really need to get a life and stop shilling for lower wages for American workers

>>131951278

Margins are not the same for every industry. Not knowing what industry he works in, your argument is pointless.

I can show you a very successful publicly traded company that netted low double digit profit off of $4.5 Billion sales due almost entirely to the cost of diesel fuel.

Is that company fucked? Yes but for reasons other than the business model. The fact is this industry of which I speak, margins are incredibly tight across the board. Raising the cost of fuel $1.00 can has and will have major reprecussions industry wide.

Summation: Margin % are not monolith across all industries and business.

>>131952179
>Don't buy internet, or television, don't buy junk food or snacks, find an ostensibly cheap place to live, and survive.
So I get to work 16 hours on two jobs so I can go home to an empty box and sleep until I eventually kill myself

>>131942885
When you artificially increase the price of labor - you decrease the demand - basic economics. Less people can enter the job market. In order to be employed at that wage, you need to be able to make the business at least 15 dollars an hour to be worth employing. This means people without skills will not be able to get jobs (like we are starting to see in Seattle).

>>131942885
> 15 dollars an our
>easing

I bet if you tried a little harder in life you could live in better conditions. Alas, that would take effort and creativity. But you could always kill yourself! xD

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>>131952361
because I always fight for higher wages for American workers. I fight against the corporate shills and billionaire globalist supercucks of (((pol)))

I am a god leaf hero fighting against pure evil.

Also, higher wages isn't communism you filthy cuck shill

>>131952582
Again, I've still yet to see you calculate all those profits and worth between employees.

Walmart doesn't have enough money to pay everyone $15/hour.

>>131952710
You're a communist faggot. Back to India.

>>131952649
"I can only be entertained with a big living space a television plus computer, and enough junk to stuff my dumb face".
Hahahah I DO hope you kill yourself you dumb leaf.

>>131942885
This is what happens at minimum wage
https://m.youtube.com/watch?v=RefR4LCRZzQ
The best tv ever made

>>131952710
Well it seems you're still losing after 8 years. You really thought Obama was going to fix everything?

>>131942885
Here's a link to study from my university on the Seattle labor market since $15/hr kicked in.

https://evans.uw.edu/sites/default/files/NBER%20Working%20Paper.pdf

Long story short, the only market that didn't face major upheaval was the only market studied in the infamous UC Berkley study - the restaurant market. Everyone else in the Seattle metro has had their hours cut and is making less. On average, their wages have dropped 9%.

>muh (((peer review)))

>>131950986
Wages aren't booming. They are still below where they were at before the recession.
http://seattlebusinessmag.com/blog/real-wages-have-plunged-even-corporate-profits-have-climbed-where-they-now-represent-highest-pe

>>131952686
Consider the following: Removing immigrants from America would artificially increase the price of labor.

If you're pro-free market, then you need to be absolutely pro-immigration.

>>131952710
Do you even know what inflation is, you fucking spacker?

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>>131942885
>Peer reviewed sources only.
LOL! Peer reviewed. aka reviewed by those who push $15 min unemployment wage.

>>131952529
>implying

This hasn't been peer reviewed. You lied and made it up. Why must you corporate shills lie?

This study has been debunked. They ONLY looked at a few small mom and pop restaurants. They even admit it.

This study was damage control because this came out last week


Seattle's high minimum wage hasn't cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

You can tell it's damage control because all the corporate shills of (((pol))) have been fighting hard against 3% unemployment and higher wages for workers.

Michael Reich, a professor at Berkeley’s Center on Wage and Employment Dynamics, said the new Seattle study is flawed and should not be taken at face value. He argued the sample size is too small and excludes large-chain restaurants.

The report “is problematic” and its conclusions “unwarranted,” he said. Reich co-authored a recent study that argued Seattle’s higher minimum wage did not hurt employment.

http://www.marketwatch.com/story/seattles-15-minimum-wage-may-actually-cost-restaurant-workers-study-finds-2017-06-26

>>131953021
What are some peer reviewed papers that show increasing minimum wage is good?

>>131952990
Sorry, not everyone is a literal globalist kike who believes that there should be no borders. There is nothing wrong with exporting jobs and labor to foreign countries, and allowing those countries to export goods back, while maintaining high wages domestically.

>>131952770
>Doing anything besides working and sleeping is now a luxury
So people should do nothing but work? How would that help the economy in any way if people are buying nothing but the barest of necessities?

>>131953021
> debunked
Never happened, communist faggot. Back to India.

> Michael Reich, a professor at Berkeley’
Oh, look, another crying communist.

>>131942885

https://www.washingtonpost.com/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/

here you go eat your fat dick

>>131953021
Why do you keep on copy-pasting the same two "studies" (neither are even studies, just one local news source (lol) and a article with a single statement by a single economist).

>>131953218
Archive time
https://archive.is/7LGvH

>>131952010
>I do not have a response to that well written counter argument that debunks everything I just said.

>>131952516
You work for a business that obviously is a larger than mine. Doesn't mean mine is shit. It means it's smaller. Your company didn't magically pop out of thin air. It started small and took time to scale. If your companies wages were forced to be double what they are now, you would be instantly out of a job and that company would fold overnight.

Go start a business and get back to me in a year or two dipshit.

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>>131952977
lol it's like u retards are trying to be wrong about everything

Minimum wage makes the best tv
https://m.youtube.com/watch?v=ZozptxLZmUc

>>131952992
Yes. It's the lowest in decades

>>131953207
"There was nothing to do before TV and internet was invented, how will I get my quick brain stimulus if I don't have something flashing at me every five seconds :(". Board games, books, exercise, there exist a literal plethora of activities any individual can do that doesn't involve the internet. Now please go take your own advice and kill yourself. You bore me, and everyone else in this thread.

>>131953322
>2015

It's still 2015?

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>>131950782
FUCK YOU
I BET YOU DON'T EVEN LIVE WITHIN 100 MILES OF THAT COMMUNIST SHITHOLE

>>131953322
That doesn't account for inflation.

>>131953322
That chart only goes up to 2015 and doesn't count for inflation.
Try harder, commie fag.

>>131953322
Wow mixing together ALL the wages of a major metropolitan area, which includes many millionaires and possibly billionaires, wouldn't inflat what the average wage looks like at all! It's surely my god 15/hr doing this!

>>131953309
My business is literally around 40-50 people, last I counted.

And we never paid our workers minimum wage. Or our interns.

The economy everywhere is all going to shit wht not make it happen faster!

>>131953102
Why are corporate shills trying to argue that 3% unemployment, booming wages and employment is bad? That's what I want to know. Honestly. You can tell the shills are so desperate. They can't even claim that higher min wage leads to job loss anymore.

Not peer reviewed but like I said that one little study that all the corporate shills are pimping has been throroughly debunked

No, Seattle’s $15 Minimum Wage Is Not Hurting Workers
Contrary to what one unrepresentative study found, the city’s workers are actually benefiting from the wage hike.
https://www.thenation.com/article/no-seattles-15-minimum-wage-is-not-hurting-workers/

>>131953542
Again, you're still not providing a source of that increasing minimum wage is good.

>>131953372
Too bad I can afford books or go anywhere because I spend all of my $3 an hour wage on rent for this month

>>131953235
Why are you corporate shills so desperately fighting against 3% unemployment and booming wages and employment for workers?


How much do you get paid to fuck over American workers?

No, Seattle’s $15 Minimum Wage Is Not Hurting Workers
Contrary to what one unrepresentative study found, the city’s workers are actually benefiting from the wage hike.
https://www.thenation.com/article/no-seattles-15-minimum-wage-is-not-hurting-workers/

>>131953372
You're really retarded. For all the arguments you make about 'muh minumum wage muh economy' you somehow manage to miss the point.

If people aren't buying shit then companies die and Capitalism fails. That's why retailers are dying off in poverty-ridden areas: The poor are not able to actually buy anything.

Also, the Internet is mandatory for most low-income workers. As in, mandatory in order to work.

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>>131953322
>2015
This is some kike-level manipulative bullshit.

>>131953646
>He can't afford books
Hahahah do libraries not exist in leafland? Or are all their stocks just cuck porn? In either case, it explains your rabid stupidity.

>>131953542
You keep citing the same "study" over and over again whilst ignoring everything we are saying.
You can shut your ears but it won't make you any less wrong.

>>131953376
what year did his go up to u filthy fucking retard? >>131952977

2013

why don't u say anything about that retard?

>>131953646
Download books.

>>131953542
Once again... A study from the University of Washington on the effects of the wage hike have indicated that hours have been cut and workers are making less. Not that you'll listen because you're a dogmatist, but whatever.

https://evans.uw.edu/sites/default/files/NBER%20Working%20Paper.pdf

>>131953732
I was responding to someone who posted 2013 data.

You right wing retards are hilarious when you're getting btfo >>131952977

>>131953670
>If I copy paste my paragraph that makes no sense it will eventually make sense!

>>131953670
>https://www.thenation.com/article/no-seattles-15-minimum-wage-is-not-hurting-workers/

Not a study, just another crying communist.

Back to India, take your communism with you.

>>131942994
yes, please. wtf does he mean?

>>131953646
having a rock-bottom job isn't supposed to be fucking desirable you cückold leaf

>>131953860
> I called your study "problematic", you got btfo

Back to India.

>>131953778
That study has already been debunked. It's not peer reviewed. It's junk. They ONLY looked at a few small mom and pop restaurants. That's it. It was damage control because this came out last week.

Seattle's high minimum wage hasn't cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

Why do you think all the corporate shills fighting for lower wages for American workers have been pimping it so hard?

No, Seattle’s $15 Minimum Wage Is Not Hurting Workers
Contrary to what one unrepresentative study found, the city’s workers are actually benefiting from the wage hike.
https://www.thenation.com/article/no-seattles-15-minimum-wage-is-not-hurting-workers/

>>131953766
Not allowed internet or computer. Anarco capitalist says those are luxuries that should be discard for more work. Never mind you can't go to a library if you have no time. what with having to work two jobs to afford rent at his suggested $3 an hour

>>131954009
>That study has already been debunked
Never happened.

Quit crying, communist.

>>131954024
You don't have to go to a library to download books, sweety.

>>131952644
Hey! You are actually talking business. That's hard for people on this thread apparently.

My yoy growth is pretty substantial (over 50% continuous for 3 years). Which ain't bad for a small business.

>>131954121
Not allowed a phone either

>>131949557
I totally agree with you. What the fuck is wrong some of the other wankers in here?!? I am opening a restaurant in CA and very uncertain about this. It seems more like a strategy to monopolize corporate power and kill small business. I simply cannot see where the magical shekels are coming from when the only thing changing is wage increase and cost of living increase. Already happening. Went to pull a permit with the county and they are redifining their budget... increasing all of their costs only to turn around and stick it to the people. Its not like people are going to start spending more money when they are already taxed to the hilt. Fuck the jew politicians in CA.

>>131942885
Raising minimum wage tied to inflation is not bad where it reaches 10$ an hour.

But having beyond inflation to where it's 15$ will definitely break a lot of business and make them move. It is when harder when you are a small business and need to start out.

>>131953742
Here are the facts. All you corporate shills promised me job losses. There haven't been any job losses. You shills have had to give up on that lie.

Seattle employment is booming and unemployment has fallen to 3%.

This came out last week


Seattle's high minimum wage hasn't cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

So here's what the corporate shills fighting for lower American wages did. They came up with a bullshit junk study that ONLY looked at a few small mom and pop shops. They deliberately excluded any businesses with more than ONE location. They admit this. And they found a few workers lost a few hours and now u corporate shills are trying to use this nonsense to argue against an overall $15/hour min wage that overwhelmingly benefits workers.

We should take a vote from Seattle min wage workers and see if they want to give back their raise. You corporate shills would get btfo. I'm going to call the mayor and tell him they should do that.
No, Seattle’s $15 Minimum Wage Is Not Hurting Workers
Contrary to what one unrepresentative study found, the city’s workers are actually benefiting from the wage hike.
https://www.thenation.com/article/no-seattles-15-minimum-wage-is-not-hurting-workers/

>>131954269
There have been losses in hours worked, leading to a loss in money earned.

Back to India, communist faggot.

>>131954009
>study has been debunked

[citation needed]

The article you've posted specifically says that restaurant workers have not been affected. According to the study I posted, as well as the uc Berkeley study, restaurant workers are the only group unaffected. The study I posted covers everyone else; the article you keep posting contains the UC Berkeley study that ONLY CONCERNED RESTAURANT WORKERS. You're accusing everyone else of narrow sampling when in reality, you're the one singling flawed data around.

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THE CORPORATE SHILLS AND BILLIONAIRE GLOBALIST SUPERKEKS OF (((POL))) CAN NO LONGER CLAIM THAT THERE WILL BE JOB LOSSES. SO NOW THEY ARE SO DESPERATELY FIGHTING AGAINST 3% UNEMPLOYMENT, BOOMING WAGES AND EMPLOYMENT, THAT THEY CLAIM BECAUSE A FEW SMALL MOM AND POPS CUT A FEW HOURS, IT HAS BEEN DISASTER EVEN THOUGHT IT HAS BEEN OVERWHELMINGLY BENEFICIAL.

YOU CAN'T MAKE THIS SHIT UP.

3% UNEMPLOYMENT IS BAD NOW. THIS IS HOW DESPERATE THE SHILLS HAVE BECOME.

GG

OBAMA LEAF OUT

No, Seattle’s $15 Minimum Wage Is Not Hurting Workers
Contrary to what one unrepresentative study found, the city’s workers are actually benefiting from the wage hike.

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Fucks sake. All this arguing about money, and no one even mentions that the Fed can print up a storm and give everyone free shekels.

This is a good idea because the faster Fiat money fails the sooner we can start using btc and gold.

You can only disagree if you can tell me how many USD exist, is it 100 trillion or 50 gorrillian..?

>>131954479
Keep crying, communist faggot.

> OBAMA LEAF OUT
Hopefully out to India, and fucking stay there. You reek of shit.

>>131954248
If the minimum wage was tied to inflation then the current minimum wage should be well above $15.

Not only has the minimum wage not kept up with inflation but everything else has gone up as well.

>>131953309
Dear Jesus Christ. Employee numbers is not how one would equate the "size" of a business. I have friends that only have 5 employees that make what my company does. Two totally different types of industries. For fucks sake don't ever start your own company.

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>>131954479

They cut hours......

Obama leaf *BTFO

>>131954269
nigger why do you still keep coming back here
nobody has ever changed their mind due to being btfo by LE BASED EBIN SOCIALIST LEAF MAN.
Speaking of which, how is YOUR nation's economy doing, leaf?
How about Big Weed Man?

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>>131942885
>giving niggers more money for being just as useless
peer review this, nigger.

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>>131942885
It's a good thing. It will mean I get to use a touchpad to make my order, and no pimple-faced loser can't fuck it up, because most of the register people are now FIRED. Also, no more waiting until someone decides to come around from the back to take my order because she's in the back yakking away.

Yep, $15 an hour minimum wage will mean that the losers who aren't worth that much WON'T HAVE A JOB AND GOOD RIDDANCE! yay!

>>131950128
Hmm... are you saying...
You get paid more if imports cost more and there's more money in circulation?
woah...

>>131954605
It's confirmed. Right wing retards have no fucking what a tight labor market is. You have no fucking what 3% unemployment means. It means employers have to offer higher wages, benefits, hours etc.

Who cut? A few small mom and pop restaurants? You're basing your entire cuck ideology on this?

AHAHAHAHAHAHAH COrporate shills are now arguing that working less and making more money is bad you can't make this shit up.

We should take a vote from Seattle min wage workers and see if they want to give back their raise. You corporate shills would get btfo.

CORPORATE SHILLS ARE ARGUING THIS IS BAD >>131950986

LET THAT SINK IN

>>131954479
>Obama leaf out

Christ almighty, you didn't even bother arguing your broken ass point. Did you even bother reading the article you kept linking, or did you just find a headline you thought matched your viewpoint and then decide to run with it?

For those of you interested, here's a link to the whole article in which I found the study that made the leaf fuck off.

https://www.msn.com/en-us/news/us/seattles-dollar15-minimum-wage-may-not-be-working-report-finds/ar-BBDm8vE

>>131954269
Tl;dr

>>131954796
He gun legalise it on 4.20 niggur, like April 20 in 2017 niggur cos he knows about 420.. o wait

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Wetbacks and niggers don't need $15 a hour they make more selling drugs to white liberals making $15 a hour !!

>>131954674
>Paid corporate shills won't change their mind

I'm here to fight you billionaire globalist scum

>>131953765
>>131953860
It's still below where it was in 2006 if you use national inflation rates and
http://www.payscale.com/payscale-index/cities/compensation-trends-seattle-metro-area
http://www.payscale.com/payscale-index/real-wage-index
0.93/1.11 = 0.83
0.83 * 1.165 = 0.976
In other words, real wages are still 2% lower than in 2006.
I wouldn't call the wages "booming"
FRED is a better source than Payscale I will admit, however, Payscale is still a decent source.
I'm not personally attacking you mate, I am just making a point that wages are still not as good as pre-recession.

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>>131942885

in rural areas, businesses don't make enough to pay their employees 15 dollars an hour. they'll have to lay people off to compensate. they'll also stop hiring people. it will be harder to fine a job

>>131952041
You fucking dumbass the only people unemployed in big cities are the homeless. You could work 30 minutes and month and still be considered employed. The fact still remains that you're piss poor and not getting enough hours to afford living in the city so you will eventually have to move out.

>>131942885
If you look at the Seattle case. All of the peer reviewed literature stated is would be a huge benefit. Then after it was implemented everything the inbred rednecks said would happen did. Everything the marxist intellectuals said would happen didn't.

rednecks 1
marxists 0

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>>131950782

>>131954246
The other wankers in here literally have no fucking clue about starting or growing a business.

I would love to get a "livable decrease" in my building costs, taxes, permits and other expenses! Where's the habitat for my humanity!

Fuck all the commie shills in this thread.

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>>131954938
all you corporate shills have on your side is 1 debunked study that only looked at a few small mom and pops and found a few workers lost a few hours. You don't deny this. Overall the $15/hour has been a huge success.
.
3% unemployment, booming employment and wages, nothing triggers you corporate shills more than this

CORPORATE SHILLS ARE ARGUING THIS IS BAD >>131950986 (You)

LET THAT SINK IN

>>131955120
This is autism of the the highest order. That's a chart of Seattle. How fucking retarded are you?

>>131951382
The study showed that the people who make minimum wage ended up with fewer hours and earned $150 less per month.

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>>131955046
The rednecks serving their billionaire globalist masters promised me job losses. Where are they?

Even the corporate shills of (((pol))) have given up on that lie

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>conservadumbs

>peer reviewed anything

>>131954979
>>131953765
>>131953860
Plus I think it is unfair to the people of Seattle to say their wages are good, when atleast from the payscale data that would just be suggesting that their wages are "good enough" despite having less purchasing power.
They are certainly doing better than the nation, however I wouldn't say that wages are high or booming, implying that they are wealthy.

>>131942885
why not 16 dollars? then increase it to 17 after a while, then you can go for 18! etc etc

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>>131942885
>pier review
Hahahha show us pier reviewed studies that show 15 is good for economic development? You cant,commie. It's too new.
>buh muh 15
I will explain this as simply as possible because leftists are developmentally delayed-childlike he/she creatures:
>raise wages to 15/hr
So the companies will just willingly lose money,right? RIGHT?! No.Idiot.
>companies raise prices on products
>companies fire workers
>companies speed up automation
So by "fighting for the workers" you'd actually be hastening their firing.
>buh 15 !!!
Globalists ,like Soros , are funding this whole thing.
The end goal is a centralized technocratic hellholle . Fully automated baby!

>>131955169
>debunked
never happened, crying communist.

> that only looked at a few small mom and pops
https://www.msn.com/en-us/news/us/seattles-dollar15-minimum-wage-may-not-be-working-report-finds/ar-BBDm8vE
> Unlike the University of California study, the UW report examines low-wage workers across different sectors, not just restaurants, and was able to examine hours Seattle workers have worked since the 2016 increase took place.

You are literally just spewing curry stinking shit in every post.

>>131955322
No it didn't. It found that a few cherrypicked mom and pops cut a few hours. Overall hours are up and wages are up.

You corporate shills fighting for lower wages do know that study has been debunked right?

CORPORATE SHILLS ARE ARGUING THIS IS BAD >>131950986 (You) (You)

LET THAT SINK IN

You won't answer this >>131955333

>>131955432
>No it didn't. It found that a few cherrypicked mom and pops cut a few hours

> > Unlike the University of California study, the UW report examines low-wage workers across different sectors, not just restaurants, and was able to examine hours Seattle workers have worked since the 2016 increase took place.

> workers across different sectors, not just restaurants

Exact opposite of what you claim. You are a pathetic piece of curry stinking communist filth.

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Lol, @the leaf in this thread.

I remember you from a previous thread about unemployment.

>>131955380
>Pier
You should probably just kill yourself already.

>>131954979
But he can get 0% financing on a new Chevy Tahoe so he feels wealthy.

Think of how much money he is gonna save when he gets to sleep in it because the rates are now going up.

>>131954914
>working less and making more money
They're not making more money. As anons pointed out, they're cutting back on hours. They're working less and making about the same as before.
https://www.forbes.com/sites/timworstall/2015/03/16/we-are-seeing-the-effects-of-seattles-15-an-hour-minimum-wage/#52b29523a222

>>131955169
Not a shill - I do not get paid to say what a dumbfuck you are advocating for this. You sound like a college 'Educated' brat fuckhead that only parrots what your economics professor told you. Are you liberal, how fucking (((sweet)))

>>131955169
>debunked
>debunked
>debunked

Supply proof or fuck off. Flailing your arms like a retard while shouting "debubked" is not evidence.

The study contained in the news article you have consistently cited focused solely on restaurant workers - the group found by the study you have yet to prove has been "debunked" shown to be the ONLY group unaffected.

I know you want to be right about this, but I think you need to take a step back and look at the data and seriously scrutinize it. The good news for you is that this is an anonymous image board; when you finally figure out that you're legitimately retarded, you can just pretend to be one of the based Canadians.

>>131947817
>good goy
>commifag
Hmmmm ironic.

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>>131955651
You just linked Tim Worstall? Is there no low you corporate shills will stoop to?

He promised higher unemployment when it was 4.3%. It fell to 2.9%. Then he claimed the min wage dindu nuffin >>131955169


Tim Worstall is a corporate shill and he got btfo.
>>131955169

>>131951278
Depends on the business. If the owner has an equity of $1,000,000 in the business, and only has 12 employees, $72,000/year would be cutting his ROI by 7.2%

In businesses where you don't have a lot of physical capital, human capital IS your cost, and raising it by such a large amount is extremely damaging to any company.

You can say 'well run companies make <blah>', if you want. That's your freedom. But just be aware that it tells all of us on the internet that you're a fucktard larper who doesn't actually know anything about business whatsoever.

>>131955737
Oh, you sweet innocent burger.
He won't stop being retarded, he's done this style of shilling for at least a couple of years.
If not for this minimum wage shit, then for the sub-par president who would have not even been remembered were he not black that is his namesake.

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>raise minimum wage

>Workers complain they lose their welfare benefits
>Businesses increase costs
>Businesses close down creating unemployment
>Businesses have no profit margin because of how expensive labor is

Automated workers when?

I say, in conjunction with this experiment, we should also have a city that removes the minimum wage.

Wait 5 years for each and see whats better.

It'll be good for automation. Jobs not so much

>>131942885
Spelling "hour" wrong.
This is why Anon

>>131955737
>>131955737
>>131955724
>>131955512
Seattle’s economy is booming: construction everywhere, crowded streets and transit, housing costs soaring, bustling neighborhood restaurants, and a 2.6% unemployment rate. Much of this growth is driven by high wage-tech jobs and the spillover effect of all those workers eating out, shopping, and paying premium prices.

It’s in this context that Seattle instituted its higher minimum wage ordinance in 2015. In the past week, two studies have come out with very different conclusions on the impacts of those wage increases on low wage work – one says it’s positive, and the other negative. But the two studies are not created equal.

The first study, led by Michael Reich and Sylvia Allegretto based at the University of California, Berkeley, concludes that the 2015 and 2016 increases to $11 and $13 an hour had the intended effects of raising incomes for low-wage workers without having discernible impact on the number of jobs. These findings are consistent with the bulk of economic studies of minimum wage increases over the past couple of decades.

In the second, a University of Washington team concluded that the 2016 wage increase reduced the number of low-wage jobs by 9% and actually lowered the incomes of low-wage workers. This diverges from the majority of economic research. Across the U.S., city, state, and federal governments have changed minimum wages dozens of times over the past two decades. Multiple economists from across the ideological spectrum have studied these changes, and even opponents of minimum wage increases have not found impacts anywhere near the scale of the UW team.

The UW’s counter-intuitive findings underscore several methodological flaws:

>>131956086
They limit their study only to single-site establishments, because their data could not distinguish whether employees of multi-site chains – think Molly Moon’s, Mud Bay, Mod Pizza, Starbucks – actually worked inside or outside the city limits. That leaves 40% of workers excluded from their study. It also means that leaving a job at small business for a job at a larger company counts incorrectly as a job loss.
The UW team created a control by comparing Seattle’s employment statistics with other parts of the state. But there is no place in Washington that has a similar economy to Seattle. Seattle has an economy more like San Francisco or New York than Everett or Spokane. The Berkeley team used the more accepted methodology of generating a control from similar areas across the country, rather than just the state. Moreover, the Berkeley team compared numbers for the previous 5 years, while the UW only looked at the previous 9 months.
The UW study focused on jobs paying $19 an hour or less, making the assumption that fewer jobs in this bracket meant lost opportunity for workers who used to be in this pay range. But what we’re seeing in Seattle is that jobs that used to pay $18 an hour now pay $20 due to competition for employees. In the UW study, this was unaccounted for and incorrectly counted as job loss.
The quality of a study hinges on the quality of its methods. But the UW study was too myopic in its lens. It eschewed all of the hallmarks of good science – including all the data, equivalent control group, breadth of time. There’s a reason its findings go against what the vast majority of previous studies found: the UW study isn’t as academically rigorous.

If something seems too bad to be true, it probably is.

http://www.eoionline.org/blog/a-tale-of-two-studies/

http://www.eoionline.org/blog/a-tale-of-two-studies/

http://www.eoionline.org/blog/a-tale-of-two-studies/

CORPORATE SHILLS ARE ARGUING THIS IS BAD >>131950986 (You)

LET THAT SINK IN

gg

corporate shills btfo

ill be back in 20 mins

>>131953322
Here is the per capita real income.
https://fred.stlouisfed.org/series/RPIPC42660
I should add that this isn't a good metric because corporate profits are included in this since corporations are considered people, and any dividends paid out are income for the wealthy stockholders.
I would argue that real GDP per capita is a better metric, although still not a very good metric for measuring income.
https://fred.stlouisfed.org/series/PCRGMP42660
As where are the real GDP gains going to? The workers or the stockholders?
Looking at Seattle wage data on FRED isn't good because each graph suffers one or more of the following flaws: (i) doesn't control for regional population growth, (ii) doesn't control for inflation, (iii) segments the labor force wages into various groups (i.e. government, private, etc.) I suppose you could correct the data, but it isn't very elegant.
Payscale is probably the better source when it comes to this, which would argue that wages are still depressed by 2% from pre-recession levels. Far from "booming"

>>131955384
This is the study I was thinking of. Unemployment didn't go down but workers lost 125$ a month with lower hours of course. Min wage workers got fucked in Seattle. Thank you liberals!

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>>131956086
How is the unemployment counted?

Is it like how obama counted """unemployment"""

>>131942885
Go look at Seattle employment index. Enough said.

>>131956086
>The UW’s counter-intuitive findings underscore several methodological flaws

The "methodological flaw" seems to be that it looked at more than one sector

> Unlike the University of California study, the UW report examines low-wage workers across different sectors, not just restaurants, and was able to examine hours Seattle workers have worked since the 2016 increase took place.

Cry more, communist.

>>131942885
https://townhall.com/tipsheet/justinholcomb/2016/04/18/uc-berkley-forced-to-cut-500-jobs-after-15-minimum-wage-n2149066

>>131955891


” I wonder what he thinks of the minimum wage at all? Should we scrap it so that employers can pay their employers whatever they feel like? ”

If you were to bother reading around here instead of displaying your own rhetoric you would know the answer is yes. The correct minimum wage is $0 per hour. As the New York Times has said.

“ Let him scream his vile bile on a street corner somewhere.”

Off you go then, there are plenty of street corners.

Get WORSTALL'd bitch

>>131951051
Well run companies don't 'hoard' money, because hording money kills your asset turnover ratio, which kills your return on equity, which kills your company. Hoarding money means losing money to inflation. Reserves are generally kept small relative to revenues...enough to act as a buffer, but not enough to be wasted. After all, a pile of money isn't useful to a company...just to its owners. And it's only useful to its owners once its in THEIR pockets.

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>>131956178

Doesn't this just mean that theres been growth in the higher-paying fields? Jobs that wouldn't have been below 15, regardless of the minimum wage hike?

> 1 post by this ID
> 240+ replies
I am a fucking moron

All i see is seattle and berkley. One fucking study, and an entire city of liberals. Kek. Fuck the commietards in here. Shillacious.

>>131956463
I think its the leaf that used a proxy to make the thread and then he argues throughout it.

What if we tied the minimum wage to inflation?

>>131956662
Watch him sperg out about how he totally doesn't use a proxy.
He does that whenever he's accused of using one.

>>131950637
Wow, edgelord here. Youve rly convinced me

http://www.frbsf.org/economic-research/publications/economic-letter/2015/december/effects-of-minimum-wage-on-employment/

Peer reviewed. Fuck off.

>>131956827
What right does a fucking fascist have to call anyone else edgelords.

>>131956743
To bad "they" won't allow it
http://www.cnbc.com/2016/07/21/adjusted-for-inflation-the-federal-minimum-wage-is-worth-less-than-50-years-ago.html
And funnily enough its been on a downturn since the 1970s. Guess what happened then? The huge boost of immigration from Asia and non-European countries. Immigration has literally killed our livelihoods to make the kikes richer.

Even FiveThirtyEight is questioning both the Washington and Berkeley studies.
The Washington study is better though, by explicitly stating its advantages and weaknesses.
https://fivethirtyeight.com/features/seattles-minimum-wage-hike-may-have-gone-too-far/

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>>131943521
I waiting for someone to claim these are racist because minorities aren't smart enough to use them.

>>131956743
That brings up the question of what you'd base it on...
For example:

In 1938 was $0.25 adjusting for inflation, thats equal to $4.31 today.

In 1981, it was $3.35 thats the same as $9.42 today

In 1997, it was $5.15, thats the same as $7.92 today


So, what would you base it on?

>>131956178
Please don't bother. You're adding nothing of value to the discussion. All you're doing is repeating your talking points that have been repeatedly challenged, without actually addressing anything.

>>131942885
Go to Google, type in the words "problem with raising minimum wage" and hit enter. It's the same amount of steps as posting here and you get an infinite supply of wisdom that you will remember because you learned it yourself. Bonus points see a word that you don't understand or want to know more about? Open up a new tab and type it into Google too. Jesus fucking Christ you kids and your annoying need for attention. Your parents never should have had you because they obviously couldn't be bothered to raise you.

Seattle.

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ok back

as promised

MFW THESE BILLIONAIRE GLOBALIST SUPERKEKS DON'T EVEN DENY THAT THEY'RE CORPORATE SHILLS FIGHTING FOR LOWER WAGES FOR AMERICAN WORKERS

Really makes you think

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>>131957405
Lol I've addressed and btfo you corporate shills. You're the shills with the 1 single talking point. You're trying to argue that 3% unemployment, booming employment and wages is bad because a few mom and pop workers lost a few hours. The corporate shills aren't even claiming their job loss lie anymore because they can't. This is their last act of desperation. I've honestly never seen so conservashits so triggered by 3% unemployment. You can tell the billionaire globalists are scared. They hate nothing more than higher wages for American workers.

>>131957686
how many people were actually earning minimum wage in seattle though

>>131956463
>>131956662
>>131956783
I love these fucking conspiracy theories. I love how paranoid you retards.

1. Why? I start my own threads. Why would I use a proxy to start a thread? You retards haven't even thought thru your autism.

2. I joined this thread way late.

3. Why do u retards have such a hard time grasping that I join threads that interest me?

>>131957848
>few mom and pop workers

> Unlike the University of California study, the UW report examines low-wage workers across different sectors, not just restaurants, and was able to examine hours Seattle workers have worked since the 2016 increase took place.

You're a broken record.

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>>131957942
Not sure of the exact numbers. Here is a chart of food workers in Seattle tho. Where are the job losses you corporate shill promised me?

Simple math and economics proves it doesn't work.

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>>131957971
>he does literally exactly what i said he would

>>131942885
Why not $150 an hour? Why are you democrats so stingy? Every few years you offer the poor and uneducated a tiny raise. If creating wealth is so easy, why aren't you more generous? Is it perhaps because it's just a scam to get low income votes? Seems to me if raising the minimum wage was a solution to poverty then we would have solved poverty the last dozen times we tried it. But no, you will always advocate raising the minimum wage, because raising the minimum wage will never get people out of poverty, and they will always ask for a little more.

>>131957980
nice try shill

In the second, a University of Washington team concluded that the 2016 wage increase reduced the number of low-wage jobs by 9% and actually lowered the incomes of low-wage workers. This diverges from the majority of economic research. Across the U.S., city, state, and federal governments have changed minimum wages dozens of times over the past two decades. Multiple economists from across the ideological spectrum have studied these changes, and even opponents of minimum wage increases have not found impacts anywhere near the scale of the UW team.

The UW’s counter-intuitive findings underscore several methodological flaws:

They limit their study only to single-site establishments, because their data could not distinguish whether employees of multi-site chains – think Molly Moon’s, Mud Bay, Mod Pizza, Starbucks – actually worked inside or outside the city limits. That leaves 40% of workers excluded from their study. It also means that leaving a job at small business for a job at a larger company counts incorrectly as a job loss.

>That leaves 40% of workers excluded from their study. It also means that leaving a job at small business for a job at a larger company counts incorrectly as a job loss.

>That leaves 40% of workers excluded from their study. It also means that leaving a job at small business for a job at a larger company counts incorrectly as a job loss.

flawed study much?

Where are the job losses you corporate shills promised me? Why can't you answer >>131958094

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>>131957971
The fact you're so anally anguished over the fact we think you use a proxy just confirms the suspicion

>>131952349
>gib monies pls

Please explain to me how taxation isn't theft.

>inb4 muh social contract

>>131958300
>flawed study much?
No, just crying communists.

> Where are the job losses
The loss of hours, and loss of money.

>>131958217
make sense and challenge your bullshit

yeah that's what i do

as expected, u can't answer simple questions

>>131942885
>commies need peer reviewed sources for logical inductions

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>>131958217
Not that i didn't believe you, but he totally did.

>>131958338
No, I think it's fucking hilarious. It goes to show how delusional and paranoid you are. One time one of u retards claimed I couldn't start threads and then I started one and linked to it and he cried like a bitch.

If u retards could please enlighten me on your autism.

1. Why? I start my own threads. Why would I use a proxy to start a thread? You retards haven't even thought thru your autism.

2. I joined this thread way late.

3. Why do u retards have such a hard time grasping that I join threads that interest me?

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S H L I G D I G G I T Y

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>>131958443
>higher wages is now communism

you really are cucked good aren't you goy

>>131958446
by the way obama leaf you never posted your hand like you said you would
i guess we'll never see if you're an anally ravaged poo-in-loo after all

>>131958652
and here he goes with the antisemitism he picked up from us kek

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You have to admit, the whole $15 minimum wage thing was a genius decision by Seattle. What a great way to distract everyone from the humongous fucking homeless population, the giant tent city that cops aren't even allowed to deal with, the people waiting for housing just living in RVs, the incomprehensible amount of heroin addicts, the increases in violent crime, overall unrest and lack of cohesion in the city, absolutely fucking retarded spending including infeasible transportation plans that go billions upon billions over, and a police force desperately in need of more people, funding, and leeway but getting nothing.

>>131958535
you call this splerging? >>131957971

I asked you reasonable questions. Which you cannot answer.


1. Why? I start my own threads. Why would I use a proxy to start a thread?

2. I joined this thread way late.

3. Why do u retards have such a hard time grasping that I join threads that interest me?

It's honestly one of your most retarded theories but keep believing it. It's fucking hilarious to me lol. Like I said it just shows how paranoid and delusional u retards are.

One time it was a thread that was 1 post by this id and I had like 50 posts and I was accused of using a proxy to start it. OP was a leaf. That's how retarded you people are

>>131958653
omg you're that obsessed british retard that i btfo everyday

i made this for u a while back after one of the many times ive annihilated you >>131954479

>>131958652
Wages can rise through markets.

Wages raising through communism is communism and doesn't create wealth.

You're a communist faggot.

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>>131958740
(((pol))) may be a pro-Israel board, that doesn't make me anti-semite for going against your billionaire globalist elitism

Like I said i'm a hero god leaf fighting against billionaire globalist supercucks and corporate shills

>>131959090
You're here stinking the place up of curry.

>>131958998
Why can't you ever admit defeat, amigo?
You claim to always BTFO people but it's obvious that you have been BTFO in the past.

>>131959011
Seattle is extremely wealthy. The city is booming.

You cucks can keep sitting around waiting for your billionaire globalist elite overlords to give you a raise. It ain't gunna happen

>>131959090
can you post a picture of how big your fucking shill picture folder is jesus christ

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>>131959188
not

once

that's the amazing part

It's a lot easier when I have truth, facts, honor, integrity, righteousness and fighting for the 99% on my side

All you shills have are the billionaire globalists you serve. Except they don't give a fuck about you. So you don't even that. That's why you're so empty inside

>>131959212
I work for more than minimum wage. Why is that? There's no legal requirement that I get paid more than that...but I do!

You're a massive communist faggot. Fuck off to India, you reek.

>>131959212
>Seattle is booming
Try living here, faggot. It's a cesspit.

>>131959212

Ever try to rent an apartment go to dine r or buy groceries ? How about utilities ?


All through the fucking roof.

>>131959370
You've been BTFO on literally everything.

>>131959370
How much of an egotistical prick do you have to be to see yourself as a hero for fucking shitposting on a Taiwanese tapestry weaving forum?

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>>131958859
>>131958599

Lmfao, Nice little copy and paste there proxy boy.

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>>131959536
>>131958859
>>131958599

Speaking of autistic breakdowns, are you one of those Antifa faggots from reddit? Not memeing here, legit question.

>>131942885
So you're asking people to google articles for you? Go fuck yourself you liberal prick.

Sage.

>>131959698
Nah, he's been here before the reddit influx.
He's done the same shit, relentlessly, expecting shit to change.
He literally sees himself as a fucking hero for doing it too.
Sad!

>>131959458
we're not talking about Toronto and Vancouver u retarded 74 cent leaf

>>131959509
how lonely do u have to be to be so obsessed with me?

you've been obsessing over me for what 6 months at least? maybe a year. asking me for pics all the time. what's wrong with u? all this time u couldn't get yourself a boyfriend?

>>131959698
my reddit is well known. ask the british retard who has a crush on me he'll tell u what it is

see how he answers questions about me before i can >>131959909
LOL

>>131959917
* correction: 77 cent leaf

trump's already started bringing us back to par

From Alan Krueger's research, who was Chair of the Council of Economic Advisers under Obama, so no claims of bias.

https://www.cebglobal.com/talentdaily/part-time-temporary-employment-new-normal/
> “We find that 94% of net job growth in the past decade was in the alternative work category,”
> “Workers seeking full-time, steady work have lost,”
> “The labour market is changing very quickly: self-employment, uncertain hours, insecure short-term contracts and gig work are becoming ever more prevalent. We will be investigating the extent to which the welfare system can adapt to these challenges and what may need to change.”

Communists causing chaos.

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>>131959909
Someone wiser than me once said "The definition of insanity is doing the same thing over and over and expecting different results."

I'm not surprised someone shilling for a $15 minimum wage is insane, you'd have to be.

>>131959698
he's Obama leaf.

wach this

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>>131960178
>will you deviate from your scripts?

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>>131960315
Obama job creation was 95% full time. Do you admit that you retards made up fake headlines from that study?

Also, please tell me what years that study was for?

PS. I've read that study 3x so u will get annihilated