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Old 03-28-2014, 09:30 AM
 
Location: Ohio
19,695 posts, read 14,151,738 times
Reputation: 15872

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Quote:
Originally Posted by Egbert View Post
Considering we had deflation in 2009 I don't think you need to be worried.
There was no "deflation."

Quote:
Originally Posted by Egbert View Post
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 View Post
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.

Quote:
Originally Posted by Egbert View Post
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
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Old 03-28-2014, 09:39 AM
 
27,903 posts, read 34,356,310 times
Reputation: 4031
Quote:
Originally Posted by urbanlife78 View Post
Has there been mass layoffs since raising minimum wage in January for both states?
What does the BLS website say?

I'll give you a hint...

It says economics and economies are not text messages or instant movies like Netflix.

Maybe you don't believe them. Show us all data from February from the BLS website for all MSAs.
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Old 03-28-2014, 09:49 AM
 
Location: Portland, Oregon
46,054 posts, read 29,425,983 times
Reputation: 7829
Quote:
Originally Posted by BigJon3475 View Post
What does the BLS website say?

I'll give you a hint...

It says economics and economies are not text messages or instant movies like Netflix.

Maybe you don't believe them. Show us all data from February from the BLS website for all MSAs.
I am not sure what your Netflix account has to do with my question.
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Old 03-28-2014, 09:54 AM
 
Location: San Diego, CA
10,583 posts, read 8,259,094 times
Reputation: 4158
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.
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Old 03-28-2014, 10:01 AM
 
Location: Portland, Oregon
46,054 posts, read 29,425,983 times
Reputation: 7829
Quote:
Originally Posted by Little-Acorn View Post
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?
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Old 03-28-2014, 10:31 AM
 
Location: Great State of Texas
86,093 posts, read 72,311,213 times
Reputation: 27564
Quote:
Originally Posted by urbanlife78 View Post
Did their tax base go out the window the last time they raised minimum wage?

I give up..did it ?
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Old 03-28-2014, 10:44 AM
 
1,825 posts, read 1,208,223 times
Reputation: 539
Quote:
Originally Posted by Mircea View Post
There was no "deflation."



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.



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.

Historical Inflation Rates: 1914-2014, Annual and Monthly Tables - US Inflation Calculator

As to the rest it is ad hominim and made up stuff.
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Old 03-28-2014, 10:47 AM
 
Location: Great State of Texas
86,093 posts, read 72,311,213 times
Reputation: 27564
Quote:
Originally Posted by Egbert View Post
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.

Historical Inflation Rates: 1914-2014, Annual and Monthly Tables - US Inflation Calculator

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.
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Old 03-28-2014, 10:55 AM
 
17,542 posts, read 19,712,218 times
Reputation: 7294
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...
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Old 03-28-2014, 10:56 AM
 
Location: Portland, Oregon
46,054 posts, read 29,425,983 times
Reputation: 7829
Quote:
Originally Posted by HappyTexan View Post
I give up..did it ?
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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