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Considering we had deflation in 2009 I don't think you need to be worried.
There was no "deflation."
Quote:
Originally Posted by Egbert
We also had job losses, but neither of those were related to the minimum wage, but rather a liquidity crisis.
The liquidity crisis was a non-event.
You started bleeding jobs as India, China, Russia and Brasil started investing in emerging-States and developing-States....what you all call, um, you know, "Globalization" (snicker).
Let's see just how smart you really are....
Sale Price - Total Costs = Profit
$29 (Sale Price) - $24 (Total Costs) =
Spoiler
$5 Profit
$6 (Sale Price) - $1 (Total Costs)
Spoiler
$5 Profit
Wow....imagine that.
Get it?
At $5.15/hour, your global work-force was barely competitive globally, and increasing the "federal" minimum wage over the period 2007-2009 made your global work-force even less competitive, which is why job losses accelerated.
Increase the minimum wage, will only make your global work-force that much less competitive, and cause more job losses.
Quote:
Originally Posted by Egbert
Low teacher pay is a terrible model that is wrecking our state's education system.
There is no correlation between spending and outcomes in Education or Healthcare.
Um, the Washington Post article relies on a study by Card and Krueger --um, from 1992 -- which was subsequently discredited for flawed methodology, and since then, Krueger has recanted backing away from his claims.
Economically...
Connecticut becomes first state to pass $10.10 minimum wage
Good for them. Nothing wrong with a state playing with fire, as long as they're the only ones who get burned.
The states are the crucibles of democracy as a (slightly inaccurate but relevant) saying goes.
They can force everyone to pay more for Connecticut's products and services if they want. And if more and more people start buying their stuff in NY or MA instead, and CT's tax base goes out the window, that's not the rest of the country's problem.
Connecticut can shoot themselves in the foot if they want. That's what states are for.
Connecticut becomes first state to pass $10.10 minimum wage
Good for them. Nothing wrong with a state playing with fire, as long as they're the only ones who get burned.
The states are the crucibles of democracy as a (slightly inaccurate but relevant) saying goes.
They can force everyone to pay more for Connecticut's products and services if they want. And if more and more people start buying their stuff in NY or MA instead, and CT's tax base goes out the window, that's not the rest of the country's problem.
Connecticut can shoot themselves in the foot if they want. That's what states are for.
Did their tax base go out the window the last time they raised minimum wage?
You started bleeding jobs as India, China, Russia and Brasil started investing in emerging-States and developing-States....what you all call, um, you know, "Globalization" (snicker).
Let's see just how smart you really are....
Sale Price - Total Costs = Profit
$29 (Sale Price) - $24 (Total Costs) =
Spoiler
$5 Profit
$6 (Sale Price) - $1 (Total Costs)
Spoiler
$5 Profit
Wow....imagine that.
Get it?
At $5.15/hour, your global work-force was barely competitive globally, and increasing the "federal" minimum wage over the period 2007-2009 made your global work-force even less competitive, which is why job losses accelerated.
Increase the minimum wage, will only make your global work-force that much less competitive, and cause more job losses.
There is no correlation between spending and outcomes in Education or Healthcare.
What a loser.
Um, the Washington Post article relies on a study by Card and Krueger --um, from 1992 -- which was subsequently discredited for flawed methodology, and since then, Krueger has recanted backing away from his claims.
Economically...
Mircea
100% BS.
As you can see there was clear deflation throughout most of 2009. This was caused by the liquidity crisis, because when bank generated money through loans known as credit dries up there is less money in the economy, this is what happened during the depression and 2009.
As you can see there was clear deflation throughout most of 2009. This was caused by the liquidity crisis, because when bank generated money through loans known as credit dries up there is less money in the economy, this is what happened during the depression and 2009.
As to the rest it is ad hominim and made up stuff.
No that was the bursting of "asset bubbles" in RE.
This was caused by people buying more homes then they could afford and then not able to pay those ARMS that reset to higher payments.
What it does is make Connecticut residents a bit wealthier because it offshores the bulk of the production to outside of Connetcticut and ships in everything from out-of-state... a national minimum wage doesn't work because of tariffs and duties... you can't simply outsource production out of the country...
I doubt it, you should ask Acorn, he seems to think it will. I can only assume that is based on the last time it increased.
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