Why do people just lie?
According to the nonpartisan Congressional Budget Office, raising the federal minimum waveform $7.25 per hour to $10.10 would cost half a million jobs:
Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers, or 0.3 percent, CBO projects.
There’s evidence.
11 thoughts on “Video || Hillary: “No Evidence” Minimum Wage Hike Costs Jobs”
It just burns my chaps that people like MrsC who have never, ever, owned or even managed a business have such definite thoughts on how it’s done and what is best.
The professional pols who spend their whole lives taking money from the public coffers are just incompetent to comment on any sector or component of a private business.
The working public, management or support staff, all know that no profit means no job, unlike the pols who just print more money.
And further: the supporters of SenSanders who think “free” college is a grand idea have not thought this through. There would be no “free” room and board, no “free” books, so money would have to be borrowed or found somewhere to accommodate these expenses. If the government decided to offer “free” college courses, then they would decide who gets to attend, who gets to teach, and what the curriculum would be.
There is nothing “free” about it.
It’s all part of their utopian vision…details don’t matter.
Furthermore, students in most colleges and community colleges (all that would be “free”) do not graduate in four years but take longer. And without paying something, they may lollygag around forever. Remember those “perennial” students on campus?
Denmark gives free college and a ~$1,000 per month stipend to students. To Star’s point, the Danish government has slowly caught on that an 4 yr undergraduate education is taking on average 6.1 years. The Danes aren’t judged the happiest people on earth for no reason.
There is something special about labor costs and the market…..increase the cost of electricity and businesses use less electricity. Raise the cost of gasoline and people drive less… Oh but increase the cost of labor (by forcing you to pay more than what it is worth) and somehow employers will not decrease labor.
Government price controls only worked in the old USSR…I crack myself up :)
To an economist this minimum wage talk is like a mathematician listen to some yahoo say 2 is less than 1.9.
To an economist this minimum wage talk is like a mathematician listen to some yahoo say 2 is less than 1.9.
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We are a nation of Common Core Math now, so of course, 2 is less than 1.9 I think there was an Executive Order of DOE Regulation on this.
Her lies are nwo indefensible. Nothing she says makes sense. She just babbles and bobs.
And the idiots who elected Barack Obama will line up for more lies from Hillary and the Socialists — just keep the Free Stuff coming.
“I can’t be responsible for every undercapitalized entrepreneur in America,” Mrs. Clinton said in 1993
I guess you shouldn’t be surprised…
The book “Productivity Economics” proves mathematically that raising the minimum wage is nessesary to restore economic growth and rising standards of living for the middle class.
http://www.amazon.com/dp/1530177456
Ron,
I’d suggest that there is a bit of a moral hazard as you appear to be the author of this book.
And… seeing that you mentioned the mathematical issue — if $7.25 is not right and $10.10 is better… would $50 be better still? How about $75?
Raising the wages of people is important but only when the wage increase follows value increase… Otherwise all you have is theft of wealth from the employer to the employee with the government playing Robin Hood.
Maybe your book says that but absent the acknowledgement that all wages should be freely paid then I am not buying your mathematical proof (yet).
Educate me further.
Mark
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