The CBO is a political instrument dude. Somehow conservatives understand this when they release numers on Obamacare but not other issues lol

I don't value news articles. Primary sources or nothing scrub.

The empirical studies (not theoretical, observations after actual minimum wage hikes) show a result that either doesn't exist, or is so small it can't be meaningfully differentiated from a non-existant effect. The only time studies find a meaningful change in unemployment from modest minimum wage hikes is when it's assumed outright as part of the methodology.

This post was edited by Thor123422 on Jun 6 2021 12:10am

Take you meds skitzo.

Ever think, just possibly... more money in the hands of the people who spend it the most will also boost profits?
Where do you people think the jobs will magically vanish to if people have to pay a living wage?
Its not like corporations hire people they do not need, the FIRST place cuts are made to make a quarterly bonus is employee hours.
No corporation just has a bunch of jobs they can cut easily or they do it any time they want the balance sheets to look nice.

This post was edited by Plaguefear on Jun 6 2021 12:35am

in the case of fast food - automation.

and yeah, no corporation has positions that lose them money either.

I also think corporations would be hit much less hard than small businesses.

voting left for that

So sayith a "skitzo";
Pretending to be a doctor & misusing medical nomenclature is being sick in the head;

https://www.psychologytoday.com/us/blog/extreme-fear/201103/is-your-mind-controlled-parasites-0
https://www.psychologytoday.com/us/blog/love-sex-and-babies/201107/could-parasite-take-over-our-minds

Educate yourself;
They will make war against the Lamb, but the Lamb will overcome them because he is Lord of lords and King of kings--
and with him will be his called, chosen and faithful followers."

Okay, here are some empirical studies for you.

https://saylordotorg.github.io/text_economics-theory-through-applications/s15-05-empirical-evidence-on-minimum-.html#:~:text=According%20to%20economists%20David%20Card,employment%20by%20about%201.5%20percent.&text=The%20evidence%20from%20teenage%20employment,employment%20may%20be%20very%20small.

"According to economists David Card and Alan Krueger, the average estimate is that a 10 percent increase in the minimum wage would reduce employment by about 1.5 percent."

https://wol.iza.org/articles/employment-effects-of-minimum-wages/long

https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=espe2017&paper_id=180

https://evans.uw.edu/wp-content/uploads/files//NBER%20Working%20Paper.pdf <-- Seattle case study

https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state

I personally favor minimum wage increases, although at lower and sustained paces, however the fact that you trivialize such a contentious and difficult concept, with plenty of evidence supporting vast minimum wage hikes (50%+) over short periods of time having adverse effects on the labor market for small business puts your ignorance and pretentiousness on full display "gO TaKe EcOnOmIcS 101 BrUH". This issue is incredibly complicated with factors such as cost of living playing a vastly important role. Do you think a 100% minimum wage hike would have the same effects in a state such as California, which has a cost of living index to support a jump like this vs. Arkansas where median income is 26K?

This post was edited by ta909 on Jun 6 2021 10:05am

Why support minimum wage increases? Im not sure that theyve ever been studied to be effective in their goal, especially in combination with the welfare state, of reducing poverty over what would exist if they were removed

The minimum wage hasent been increased in over a decade and people claim they have all the evidence needed to disprove a 15 dollar hike despite zero real world application. These same people also fall silent when you ask them why dont we lower the minimum wage.