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Nice try to fool people but no economic policies were enacted on Election Day 2016 so nothing would have happened at that moment. I do see a steady rise throughout 2017 due to Trump's efforts to bring jobs back, tax reform and trade reform...
If you think you are seeing in that chart anything different from what was happening from 2013-16, then the person being fooled is yourself.
Pretty much as predicted to happen as part of the Trump tax reform. How will the Leftists attack this good news?
Great news! 2008 huh? Right before the Great Recession wiped out all those gains and more. Now tell me, what is Trump doing to prepare us for the coming recession? Because I’ve seen this story before.
The minimum wage is not killing the economy because to this point, people are able to handle the small price increases. Businesses are able to handle small increases and shift resources around to make it work.
When it goes from $3.85 to $5.25 (back in my day), that's not a huge increase to deal with. When you go from $7.25 to $15 in a short time frame - that's double the wages without any increase in productivity or value. That's a huge increase. How are companies supposed to compensate for that if sales remain the same? Either prices go up, or employees are cut and the remaining employees will have a bunch more work to do.
You guys have cried after EVERY DAMN MINIMUM WAGE INCREASE and said that it’ll crash the economy. Now you’re singing a different effin tune when it doesn’t turn out to be true.
You guys have cried after EVERY DAMN MINIMUM WAGE INCREASE and said that it’ll crash the economy. Now you’re singing a different effin tune when it doesn’t turn out to be true.
I have never stated it would crash the economy.
I have said it would create job loss (reduction in force or move to automation) or cause prices to spike. I have given examples in numbers how it would be problematic.
Crash the economy? You haven't heard that from me. Maybe others...
If anything, it helps big companies weed out smaller competition who can't handle paying higher wages.
I'll respond to support your troll, but just as I responded to your fellow ignorant poster.
Strong economy
Tight and tightening labor market
Strengthening, but still manageable inflation
Productivity gains
are what is behind this gain in wages.
Far different than an arbitrary, mandated labor rate, that ignores business models, economic conditions and free enterprise.
Quote:
Originally Posted by desertdetroiter
You guys have cried after EVERY DAMN MINIMUM WAGE INCREASE and said that it’ll crash the economy. Now you’re singing a different effin tune when it doesn’t turn out to be true.
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You know even less than I always assumed. The guy smarted off, made an inane comment and was handed his ass by several posters for doing so.
