Obama to raise federal minimum wage via executive order

And you'll need to do better than citing nobody at all.

 

CBO on a Minimum-Wage Hike

From a new report:

Once fully implemented in the second half of 2016, the $10.10 option would reduce total employment by about 500,000 workers....The increased earnings for low-wage workers resulting from the higher minimum wage would total $31 billion, by CBO’s estimate. However, those earnings would not go only to low-income families, because many low-wage workers are not members of low-income families. Just 19 percent of the $31 billion would accrue to families with earnings below the poverty threshold, whereas 29 percent would accrue to families earning more than three times the poverty threshold.

http://gregmankiw.blogspot.com/2014/02/cbo-on-proposed-minimum-wage-hike.html

 

It's clear that Obama does not care about jobs.

another bone-headed idea from Obama. his incompetence shines through with every new idea from him

 

Gallup: 76% of Americans support raising the minimum wage

 

I'm sure 99% of Americans would support the US Government sending every American a check for $1000. Doesn't mean its the right thing to do.

Keep raising minimum wages and companies offset that by investing in technology. Soon burger flipping at McDonalds will be done by technology and systems will need less employees.

Guess there will be more people on food stamps and government need. Then they'll blame companies and people for higher unemployment.

People should be paid according to the value they provide. If they deserve more another company will see that and if they pay to little, they'll have lower quality employees and lose their position in the industry.

 

The philosophy your talking about has been proven to not be successful in this nation during our history. Businesses don't pay people what they are worth. Instead they've been shown to work together to rig the system in order to take advantage of workers and the general population. Without regulation businesses are not some great devider of people's worth.

 

There are rules against cartel like behavior. As an example Chick-Fil-A managers make much more than their counterparts in other fast food chains and pay their employees more. They have a higher quality employee that is reflected in their business model and individuals are willing to pay higher prices for that.

I think the McDonalds and Wal-Mart of the world really are for the poorest, price-conscious consumers where its a choice between food, clothes or rent and/or debt. I don't feel morally right increasing the costs of these businesses to have that be passed onto consumers. I'm more concerned with the 5 billion people that go to Wal-Mart annually and their efforts to keep prices down for them then the choice of the 2 million people that work there.

 

I'm not sure which is dumber, the faily logic on display here (minimum wage must be held down to save the poor!- among other bits of ignoramassitude) or the idiot who thinks the Daily Show is a real newscast.

Maybe time to post a poll on who is stupider.

 

Intelligence is obviously based on the guy who has posted 10 times a day here for over 10 years.

You have a masters in internet insults! Truly have passed the 10,000 hour rule and are a genius in all things clutchfans and interwebs!

I'm sure a third of those posts include you calling someone dumb or the word 'fail'. What a sad, sad life you lead.

 

As a legal business practice, Walmart posts $15 billion dollars in profits a year while 80% of their employees require some federal assistance to the tune of about $2.6 billion dollars a year.

 

So perhaps instead of just simply min wages that hit all busn equally... your profits will be reduced by the amount of (1x or whatever) your employee needs for federal and state assistance (in from of tax/fee/penalty for fed/state to recoup that costs). Target busn that seems to abuse this for their greed. Of course this is on top of my head and is probably overly simplistic but I think that a simple across the board min wages that would slow down or affect small struggling busn or start-up isn't that great of an idea.

 

WELL U POST LOTS ON INTERNTZ!



I've explained this to you before and I'd think, at age 33, you'd develop the perspective to absorb it.

When you troll/bait people on the internet for clicks, ****s & gigz as you're doing here, it doesn't do you much good to have a meltdown of your own.

My sad life will continue with or without you, and frankly it's gauche of you to even point it out and indicates you're beginning to lose control.

Stick to the "i'm just trying to save da poorz (wink wink)" angle and pretend like I don't exist. That's a better strategory, and may serve to create some needed distance between you and "Daily show is real!" guy.

 

The problem with that is that the minimum wage hasn't kept up with inflation and real wages are stagnant or have declined in the last few decades. Even while Walmart and McDonald's kept cost down the purchasing power for most consumers hasn't been increasing.

 

You are so deluded in your own idiotic world that I have no idea what your witty internet stud puns even mean.

I don't know what you are talking about. I think the internet has become your reality 10 day posting on this site and probably a badass on other sites too.

Time to log off...there is a world outside your internet badass self and I truly hope you find it. Otherwise you're just a mad, sad little man bashing others from behind a screen when all I think you need is love and a hug.

 

Le sigh.

When I am less busy, and not languidly doting upon my time as a *preferred* guest in a lodging house, I may respond hereto.

I am certain this will give you much joy - perhaps as much as your fellow luminaries who have played the very same "U R SAD LITTLE MAN" cliche that you have deployed today.

I suggest you look in a mirror - then obtain Rogaine.

 

Reality vs Wingnuttia

 

Mitt Romney joins Tim Pawlenty and Rick Santorum backing raise in minimum wage.

http://www.nbcnews.com/politics/politics-news/breaking-gop-romney-backs-minimum-wage-hike-n101221

Breaking with GOP, Romney Backs Minimum Wage Hike
By Carrie Dann

Former Republican presidential nominee Mitt Romney said Friday that Republicans should drop their opposition to a minimum wage hike, joining two fellow former GOP presidential contenders in breaking with his party on the issue.

“I think we oughta raise it,” Romney said on MSNBC’s Morning Joe. “Because, frankly, our party is all about more jobs and better pay and I think communicating that is important to us.”

Romney , who reiterated that he’s not interested in another bid in 2016, was the third high-profile Republican in the past two weeks to say that resistance to a minimum wage increase is hurting the party’s brand. All three men are Republicans previously elected in states – Massachusetts, Minnesota and Pennsylvania – with heavy Democratic populations.

Former Minnesota governor and 2012 presidential contender Tim Pawlenty, now the CEO of the Financial Services Roundtable, said last month that the GOP should back a “reasonable” increase in the wage.

“For all the Republicans who come on and talk about, ‘we’re for the blue-collar worker, we’re for the working person,’ there are some basic things that we should be for,” he said. “One of them is reasonable increases from time to time in the minimum wage.” (He later clarified that he does not support the version of such legislation being pushed by the White House and Senate Democrats because it goes “too far and too fast.”)

And earlier this week, former Pennsylvania senator Rick Santorum – a past and perhaps future presidential hopeful – said the GOP stance on the issue “makes no sense.”

“Let’s not make this argument that we’re for the blue-collar guy but we’re against any minimum wage increase ever,” he said on MSNBC’s The Daily Rundown.
First published May 9th 2014, 7:36 am

 

Smart move by these guys. I believe Santorum is actually serious in his reasoning behind his support as well.