"I think really, REALLY smart economists should decide the minimum wage" -- aaaktard
Econ Lesson of the Day for Liberal Arts College Students:
Except for the fact over half the states have raised the minimum wage above $7.25 and none of that happened. But cool cartoon. I'm glad that's all conservatives need to believe the horseshit they're fed.
Do you really think you should be the one questioning another persons education? I mean you believe things like this. That's an automatic red flag that you are retarded. I couldn't even begin talking actual economics with you guys. You have trouble understanding some of the most basic concepts.
This idiot actually believes you liquidate liquid assets.
He doesn't understand that an asset is either fixed or liquid.
You don't liquidate liquid assets. Which is all easily understood if you can read.
You are the dumbest person on the Internet.
As per the norm, you talk our of your ass without any knowledge or logic.
But your space alien econ theories are great make-believe entertainment....kinda like Mr. Rogers growing up.
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High Minimum Wage Equals High Unemployment
Why is it that Washington state’s entry-level job applicants faced one of the highest rates of unemployment in the nation this year? The state’s unemployment rate is 15 percent higher than the national average and 42 percent higher than it was five years ago when the state introduced a minimum wage higher than the federal minimum.
Washington state is not alone in experiencing this perpetual high state unemployment. Oregon, Washington and Alaska are among the five states with the highest unemployment rates. It is perhaps no coincidence that these three states have the highest state minimum wages in the nation. Decades of research confirm Nobel Prize-winning economist Gary Becker’s observation: “A higher minimum will further reduce the employment opportunities of workers with few skills.”
https://www.epionline.org/oped/o76/
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It's not rocket science.
Small business is 2/3 of the economy.
If a small business can only spend so much on labor and your government with its magic wand raises the price of labor, there are going to be consequences, but someone like you with zero business experience taking his cues from an equally clueless professor wouldn't understand basic economics.
Your radical rat maze ideology (sanctimonious 'progressives' treating people like rats, believing they will run through mazes the way the social engineers direct them, ignorant their own rational self-interest) is comical.
Loser!@#0
Keep humping your Obama blow up doll!
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How Minimum Wage Increased Unemployment and Reduced Job Creation in 2013
http://americanactionforum.org/rese...unemployment-and-reduced-job-creation-in-2013
Table 1: Total Employment in 2013 (%) | ||
|---|---|---|
| State Type | Average Unemployment Rate | Average Net Job Growth Rate |
| (1) States with Minimum Wage at $7.25 | 6.4 | 0.8 |
| (2) States with Minimum Wage above $7.25 | 7.4 | 0.5 |
| Difference (2 - 1) | 1.0 | -0.3 |
Table 2: Teenage Employment in 2013 (%) | ||
|---|---|---|
| State Type | Average Unemployment Rate | Average Net Job Growth Rate |
| (1) States with Minimum Wage at $7.25 | 20.5 | 1.8 |
| (2) States with Minimum Wage above $7.25 | 22.5 | -0.5 |
| Difference (2 - 1) | 2.0 | -2.3 |
"Really, REALLY smart economists should set the minimum wage!" -- aaaktard
LMFAO
France is probably a good example of akphidelt-onomics...and where our resident socialist wants to take the United States.
Minimum wage: 9.53 Euros/hr
Current unemployment rate: 11%
Big Government labor laws make it impossible to get rid of an employee in France ("worker rights", dontchaknow)... so companies simply stop hiring people, especially young people. Again, rat maze social engineers with egg on their faces - akphidelt's type of people.
Those "no-go zones" in France = millions of disenfranchised young Muslims turning to radicalism because their economic future is crap.
As FZ always says, liberalism sucks ass.
Minimum wage: 9.53 Euros/hr
Current unemployment rate: 11%
Big Government labor laws make it impossible to get rid of an employee in France ("worker rights", dontchaknow)... so companies simply stop hiring people, especially young people. Again, rat maze social engineers with egg on their faces - akphidelt's type of people.
Those "no-go zones" in France = millions of disenfranchised young Muslims turning to radicalism because their economic future is crap.
As FZ always says, liberalism sucks ass.
Nice logical fallacy there. Taking averages by state without factoring in population or income is pretty meaningless. Especially since small ass states that barely anyone lives in like the Dakotas, Hawaii, Montana, Idaho, etc... consistently have lower unemployment rates than the rest of the country. But nice attempt. You guys and your logical fallacies amuse me, lol.
You have no idea. Or actually, you probably do.
If a company in France wants to let go of an employee, they have to give them a certain amount of notice before they can legally do so...and after that, the employer even must help the former employee look for a new job for a time period after they are gone (I think it's something like 18 months). The end result is both decreased hiring and horrendous productivity. It isn't uncommon for employees in France to stroll into the office whenever they feel like, or to see them just reading a book at their desk. In many cases, it turns out to be cheaper to just reaasign unproductive employees into a meaningless desk job somewhere in the basement, like Milton from Office Space, than it would be to fire them.
Boy, if only we could become more like that...
