No one can refute your very good point.Complete fallacy. If no minimum wage existed food products would be much cheaper then they are currently. Food production contains many minimum wage workers. I argue that they would eat more nutritional.
If your argument is correct, why not raise the minimum wage to $100 an hour, people would eat much more nutritional if that was the case, wouldn’t they?
This is an amusing response. You claim that the minimum wage has a horrible effect on the economy. Yet you have no way of knowing whether or not you are right. Are your opinions always independent of the facts?The government cannot give you a straight answer on how many people are unemployed! The government uses phony accounting.
You rely solely on government statistics for your data?This is an amusing response. You claim that the minimum wage has a horrible effect on the economy. Yet you have no way of knowing whether or not you are right. Are your opinions always independent of the facts?
What statistics do you rely on?You rely solely on government statistics for your data?
Google “real unemployment”
The question was how much each individual contributes to turnover, and how exactly to measure that without making arbitrary judgements… or simply falling back on standard market rates.I am personally involved in calculating how much wealth my employees’ work generate every week. I know from experience it can and is regularly done.
People are dying of starvation because of being asked to work as slaves for pennies in countries such as Rwanda or the Sudan.Complete fallacy. If no minimum wage existed food products would be much cheaper then they are currently. Food production contains many minimum wage workers. I argue that they would eat more nutritional.
If your argument is correct, why not raise the minimum wage to $100 an hour, people would eat much more nutritional if that was the case, wouldn’t they?
As far as I can tell, they are all the same. I would not recommend to any young person to go into any kind of computer-related field, but instead, just learn the essentials of how to use a computer, and then go into a more traditional field of work. The promises of high wages in computer work, or that “computers are the future” don’t have any substance to them, in my experience.Seems web design is not a high wage field. Maybe try another computer related field.
You rely solely on government statistics for your data?
Google “real unemployment”
pontificus.com/2009/11/what-is-unemployment-really/People are dying of starvation because of being asked to work as slaves for pennies in countries such as Rwanda or the Sudan.
So what to fatcat millionaires is a fallacy, is to poor underpaid workers a smokescreen argument devised to keep poor people in submission to the capitalist slavemaster profiteers.
What is wrong is that it places an artificial value upon labor.Getting back to the original question, what is the harm of the minimum wage law as it exists in the United States.
I do not believe it possible to calculate this.If it causes unemployment, how many people are unemployed because of the minimum wage?
The government uses phony accounting. They redefine problems until there is no problem. For example, in unemployment the government understates employment by not counting “discouraged” unemployed people!This is an amusing response. You claim that the minimum wage has a horrible effect on the economy. Yet you have no way of knowing whether or not you are right. Are your opinions always independent of the facts?
Dude, have you read any of this thread? I’ve linked and made very clear and articulate arguments throughout.You claim that the minimum wage is ineffective, but you actually offer zero proof of that. I asked a simple question: How many people are unemployed because of the minimum wage and nobody here wants to give a straight answer to that question. If you cannot answer that question, then how can you say that it is ineffective?
The document’s age is irrelevant. The fundamentals of the economy are the same now as in 1995. You simply want to discount anything you disagree with.Second flaw in your response. You are attempting to tell us what the effect of a minimum wage law is in the US in 2010 by referring to a document 15 years old. Not only that, it is not a peer reviewed document, but a document put out by politicians with an axe to grind. The question is:Are you interested in the truth or are you just pushing an agenda?
Offer evidence for this point.These of course, are not the only studies that have found these results. So I think that we can agree that the empirical evidence, at least since the 1990’s on the effect of the minimum wage is mixed.
They can’t explain the contrary findings because they don’t accord with the data. Publish a study that says the sun rises in the west and I’d have trouble explaining it as well.Here even the authors of this study, whoever they are, clearly admit that they cannot explain the contrary findings.
Again, practice what you preach and provide evidence. What’s good for the goose is good for the gander.The actual results of the literature are much more mixed than this “study” would lead one to believe.
Here are the 10 nations with the greatest economic freedom:People are dying of starvation because of being asked to work as slaves for pennies in countries such as Rwanda or the Sudan.
So what to fatcat millionaires is a fallacy, is to poor underpaid workers a smokescreen argument devised to keep poor people in submission to the capitalist slavemaster profiteers.
Stinkcat:The government uses phony accounting. They redefine problems until there is no problem. For example, in unemployment the government understates employment by not counting “discouraged” unemployed people!
There is 50 years of solid economic research showing that I am right about minimum wage. Have you ever taken a basic economics class? Where is your understanding of price theory? I can give you a very long list of research papers on the minimum wage IF you are really interested in seeking the truth about minimum wage.
Stinkcat:
As auditors, we provide persuasive evidence for a reasonable person. ****
Actually, your evidence is not persuasive, nor are you aiming for to persuade reasonable people. I did not ask the question of whether it is possible for a minimum wage to cause a decrease in employment. The evidence that you provided clearly indicates that, and I never disputed that even before the evidence was presented. What I asked was: what is the impact of the minimum wage asit exists in 2010. To know that, you would have to tell me how many people are unemployed because of the minimum wage. You refuse to answer that question. The most I get is grumbling about government data, yet most of the studies that your “essay” cites use government data. So is government data useful at all for determining the impact of the minimum wage?
I am not asking for perfection, far from it. I asked, how many people are unemployed in 2010 because of the minimum wage. I will accept even an 80% confidence interval. So, are you going to give me a number?We do not provide absolute
Do you understand price theory? You will have to do your own research to answer your own questions. I am busy with auditing.Actually, your evidence is not persuasive, nor are you aiming for to persuade reasonable people. I did not ask the question of whether it is possible for a minimum wage to cause a decrease in employment. The evidence that you provided clearly indicates that, and I never disputed that even before the evidence was presented. What I asked was: what is the impact of the minimum wage asit exists in 2010. To know that, you would have to tell me how many people are unemployed because of the minimum wage. You refuse to answer that question. The most I get is grumbling about government data, yet most of the studies that your “essay” cites use government data. So is government data useful at all for determining the impact of the minimum wage?
I am not asking for perfection, far from it. I asked, how many people are unemployed in 2010 because of the minimum wage. I will accept even an 80% confidence interval. So, are you going to give me a number?
Yes, I understand price theory very well, in fact I teach price theory. It is because I know so much about price theory that allows me to ask the kind of questions that require critical thinking. Nothing I have said goes against price theory.Do you understand price theory?
You are free to duck the question if you wish. But you have to remember if you make a claim that you cannot back up, you lose all credibility. You are free to rant about the minimum wage all you like, but if you provide no evidence there is no reason why anyone should believe you.You will have to do your own research to answer your own questions. I am busy with auditing.
I also teach economics at the community college level. Additionally, I was a CEO of a company with 45 employees. Therefore, I understand the practical implications of the minimum wage, not just the theory.Yes, I understand price theory very well, in fact I teach price theory. It is because I know so much about price theory that allows me to ask the kind of questions that require critical thinking. Nothing I have said goes against price theory.
You are free to duck the question if you wish. But you have to remember if you make a claim that you cannot back up, you lose all credibility. You are free to rant about the minimum wage all you like, but if you provide no evidence there is no reason why anyone should believe you.
I do not think that we can calculate the impact, if any, of the minimum wage in 2010 without knowing the equilibrium wage in various parts of the country. I have neither the time nor the energy to do that kind of research.You claim that the minimum wage is ineffective, but you actually offer zero proof of that. I asked a simple question: How many people are unemployed because of the minimum wage and nobody here wants to give a straight answer to that question. If you cannot answer that question, then how can you say that it is ineffective?