Obama Demands Minimum Wage Increase

[red states rule]

Yea, another great idea to further drag down the US economy. Obama seems hell bent on increasing the cost of doing business with his Obamacare, never ending regulations, more fees and taxes, and now this


http://media.townhall.com/Townhall/Car/b/gv021513dAPR20130215054512.jpg

[taft2012]

I'm sure this will save or create millions of "new, good-paying jobs".... :rolleyes:

[red states rule]

I'm sure this will save or create millions of "new, good-paying jobs".... :rolleyes:

Perhaps the local welfare offices will need to add staff to handle the influx of new unemployed people in the improving Obama economy

[aboutime]

Keep an eye on the Unions. They will also join Obama in pushing for the increase in the Minimum Wage since...not many people understand, or realize this....Raising the Minimum Wage is a tool the Union negotiators use to Demand Increases in their Union membership pay. Almost like a PHONY Cost of Living Increase...(as they would call it), but without mentioning how the products they manufacture as union members will also become EQUALLY higher in cost..to adjust to the Increased wages.

It's like a HULA HOOP, there is NO beginning, and there is NO end.

[red states rule]

and now we hear from that economic expert Ed Schultz from DNCTV





Well, Boehner, Ryan, and Rubio, they have publicly rejected President Obama’s proposal, and they’re now spouting out the same old lies that we heard six years ago: That it’s gonna’ cost jobs and it’s gonna’ hurt small business. It’s just another example of Republicans denying the facts. So let’s get this whole straight, folks: Several academic studies have found that increasing minimum wage had no significant effect on employment levels in this country. Bottom line: It doesn’t kill jobs, and it won’t kill small businesses. … By raising the minimum wage, we directly address the growing levels of income inequality in this country by giving people a chance to lift themselves out of poverty and join the middle class, which is the mission — a rising tide lifts all boats. By opposing this, Republicans are just showing us once again just who exactly who they stand for.


Facts? Okay, I’ve got your academic studies right here (http://www.aei.org/article/economics/fiscal-policy/labor/now-is-not-the-time-to-raise-the-minimum-wage/):

The economic effects of minimum wage increases have been studied dozens and dozens of times in the past few decades. Different studies come to different conclusions, of course. But economists David Neumark and William Wascher, after conducting an exhaustive literature review (http://www.socsci.uci.edu/~dneumark/min_wage_review.pdf), conclude that “among the papers we view as providing the most credible evidence, almost all point to negative employment effects, both for the United States as well as for many other countries.”
They continue: “The studies that focus on the least-skilled groups that are likely most directly affected by minimum wage increases provide relatively overwhelming evidence of stronger disemployment effects for these groups.”

And the 47 million low-income Americans that Schultz misleadingly cites — would a higher minimum wage do anything to help rise the tide that raises all boats?

Economists Joseph Sabia and Richard Burkhauser find that a (http://www.people.vcu.edu/~lrazzolini/GR2010.pdf) small minority of workers who would benefit from a minimum wage increase – around ten percent – live in poor households. The White House itself states that workers (http://www.whitehouse.gov/the-press-office/2013/02/13/fact-sheet-president-s-plan-reward-work-raising-minimum-wage) who would benefit from a minimum wage increase bring home less than half of their household’s total wage and salary income.

In other words, the workers who will benefit from an increase are secondary and tertiary earners – think more of teenagers with summer jobs, of spouses earning some income on the side, or of elderly grandparents earning some retirement income, and less of primary breadwinners. In fact, Professors Sabia and Burkhauser find that around two-thirds of minimum wage workers live in households with incomes more than twice the poverty line.


http://hotair.com/archives/2013/02/14/schultz-no-way-will-raising-the-minimum-wage-will-hurt-small-businesses/

[Voted4Reagan]

will destroy any chance teens and recent grads have of securing employment.

From the NY POST a few months back:

http://www.nypost.com/p/news/local/jobless_teens_face_dog_daze_of_bummer_G8yRrcfxqU5Q mrkYADs4AI

"While the national unemployment rate remains mired at 8.2 percent, the traditional teen summer job is rapidly becoming extinct.

The national unemployment rate for 16- to 19-year-olds stood at 23.7 percent in June, according to the Bureau of Labor Statistics."

"Nationally, the teen unemployment rate has remained above 20 percent for 45 months and counting."


now what does this mean...?

It means...

Small business will not be able to expand their workforces. Owners will have to work longer hours to reduce payroll costs and maintain already thiin profit margins.

Obama Care and its crushing burden on small business will ensure that summer jobs wil be even harder to get.

go ahead liberals.... try it....raise the minimum wage....

last time it was done their were unemployment spikes leading us to where we are today.

The minimum wage isnt a LIVING WAGE... it's an entry level wage that you start at and work yourself off of as you progress and succeed. Raises for quaility work get you off minimun wage... not government mandates...

lets see....40 hours per week(x) $9.00 = $360

360 x 52 = $18,720

now.... will the local Deli, pizza parlor or bakery that is privately owned by a single family owner expand and spend almost $20,000 ON A NEW EMPLOYEE? Or will they spread the work out among existing employees thereby reducing operating costs by that $20,000?

Easy choice.....NO GROWTH... NO JOBS

[Tyr-Ziu Saxnot]

will destroy any chance teens and recent grads have of securing employment.

From the NY POST a few months back:

http://www.nypost.com/p/news/local/jobless_teens_face_dog_daze_of_bummer_G8yRrcfxqU5Q mrkYADs4AI

"While the national unemployment rate remains mired at 8.2 percent, the traditional teen summer job is rapidly becoming extinct.

The national unemployment rate for 16- to 19-year-olds stood at 23.7 percent in June, according to the Bureau of Labor Statistics."

"Nationally, the teen unemployment rate has remained above 20 percent for 45 months and counting."


now what does this mean...?

It means...

Small business will not be able to expand their workforces. Owners will have to work longer hours to reduce payroll costs and maintain already thiin profit margins.

Obama Care and its crushing burden on small business will ensure that summer jobs wil be even harder to get.

go ahead liberals.... try it....raise the minimum wage....

last time it was done their were unemployment spikes leading us to where we are today.

The minimum wage isnt a LIVING WAGE... it's an entry level wage that you start at and work yourself off of as you progress and succeed. Raises for quaility work get you off minimun wage... not government mandates...

lets see....40 hours per week(x) $9.00 = $360

360 x 52 = $18,720

now.... will the local Deli, pizza parlor or bakery that is privately owned by a single family owner expand and spend almost $20,000 ON A NEW EMPLOYEE? Or will they spread the work out among existing employees thereby reducing operating costs by that $20,000?

Easy choice.....NO GROWTH... NO JOBS

No growth and less jobs are what bamboy is after. Only the morons, bambots, lemmings and other assorted dumbasses fail to understand that.-Tyr