Author Topic: $15/hr in Seattle = Less Money  (Read 7256 times)

Ben

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$15/hr in Seattle = Less Money
« on: June 26, 2017, 11:25:05 AM »
It appears unintended consequences have raised their ugly, yet inevitable head in Seattle regarding the $15/hr wage.

http://www.nber.org/papers/w23532.pdf
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Hawkmoon

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Re: $15/hr in Seattle = Less Money
« Reply #1 on: June 26, 2017, 11:27:40 AM »
To be expected (in fact, I believe numerous sources predicted exactly such a result) when social agenda ignores simple economics.
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100% Politically Incorrect by Design

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makattak

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Re: $15/hr in Seattle = Less Money
« Reply #3 on: June 26, 2017, 11:42:15 AM »

Also notice that you earn $125 less per month IF YOU STILL HAVE A JOB.

There was, additionally, a loss of 5000 low wage jobs.

Hey, but at least their hearts were in the right place, right? Who really cares if you actually make people better off?
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Ben

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Re: $15/hr in Seattle = Less Money
« Reply #4 on: June 26, 2017, 11:57:35 AM »



Thread drift, but ha ha - I just watched that again this weekend for like the tenth time. :)

Also, Rick knew more about business than Seattle does. :)
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #5 on: June 26, 2017, 12:01:57 PM »
Cue all of the apologists who will explain, in completely incomprehensible detail, just how wrong this report is and how the new law has completely eradicated poverty in Seattle while making revenues for every business go up by 500 percent.

Because the RIGHT people are finally doing socialism.
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #6 on: June 26, 2017, 12:05:02 PM »
Wow. 63 pages to say it doesn't work.

I bet those people are earning more than $15 an hour.
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MechAg94

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Re: $15/hr in Seattle = Less Money
« Reply #7 on: June 26, 2017, 12:13:49 PM »
Wow. 63 pages to say it doesn't work.

I bet those people are earning more than $15 an hour.
They probably get paid per word.   =)
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #8 on: June 26, 2017, 12:22:29 PM »
$15 per word?

Not bad!
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Fly320s

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Re: $15/hr in Seattle = Less Money
« Reply #9 on: June 26, 2017, 12:27:59 PM »
From Ben's link
Quote
Online access to NBER Working Papers denied, you have no subscription
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Fly320s

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Re: $15/hr in Seattle = Less Money
« Reply #10 on: June 26, 2017, 12:30:22 PM »
It appears unintended consequences have raised their ugly, yet inevitable head in Seattle regarding the $15/hr wage.

And the minimum wage isn't even $15/hr yet.  Right now it is $11/hr.
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Ben

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Re: $15/hr in Seattle = Less Money
« Reply #11 on: June 26, 2017, 12:38:28 PM »
From Ben's link

Yeah, sorry - that's just the abstract, which was at the link where I saw the headline.
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #12 on: June 26, 2017, 12:50:07 PM »
So, the actual report then is likely a LOT bigger...

Just lovely.
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Perd Hapley

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Re: $15/hr in Seattle = Less Money
« Reply #13 on: June 26, 2017, 01:37:13 PM »
So, the actual report then is likely a LOT bigger...

Just lovely.


Wrong. $15/hr is the living wage that will eradicate poverty.

And if that doesn't come true, then you hard-hearted skin-flints better get ready for a $20/hr minimum wage.
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #14 on: June 26, 2017, 01:56:58 PM »
I think you may have quoted the wrong message...


"And if that doesn't come true, then you hard-hearted skin-flints better get ready for a $20/hr minimum wage."

Politicians (I'm not saying liberals, because conservatives do it, too) just LOVE to throw cash at problems.

If those cash infusions don't solve the problem, well obviously not enough cash was thrown at it!
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Perd Hapley

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Re: $15/hr in Seattle = Less Money
« Reply #15 on: June 26, 2017, 02:38:36 PM »
Oh, you meant the number of pages? Sorry. I don't get paid for my commentary, so you get less than minimum wage quality work.
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Firethorn

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Re: $15/hr in Seattle = Less Money
« Reply #16 on: June 26, 2017, 06:56:25 PM »
From Ben's link

Might be my university location, but I got the PDF if you want it.

Scout26

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Re: $15/hr in Seattle = Less Money
« Reply #17 on: June 26, 2017, 07:09:34 PM »
If only someone could have predicted that this would happen !!!!
Some days even my lucky rocketship underpants won't help.


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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #18 on: June 26, 2017, 09:36:00 PM »
"Sorry. I don't get paid for my commentary, so you get less than minimum wage quality work."

Can we pay you to go away?
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Perd Hapley

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Re: $15/hr in Seattle = Less Money
« Reply #19 on: June 26, 2017, 09:39:31 PM »
"Sorry. I don't get paid for my commentary, so you get less than minimum wage quality work."

Can we pay you to go away?


Yes. But again, the dollar figure will affect the quality of my away-going.
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HankB

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Re: $15/hr in Seattle = Less Money
« Reply #20 on: June 27, 2017, 09:44:49 AM »

Wrong. $15/hr is the living wage that will eradicate poverty.

And if that doesn't come true, then you hard-hearted skin-flints better get ready for a $20/hr minimum wage.
Enough of this incrementalism - just raise the minimum wage to $200/hr so everyone can be affluent . . . and afford to pay higher taxes to raise the parasite class needy out of poverty.
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Pb

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Re: $15/hr in Seattle = Less Money
« Reply #21 on: June 27, 2017, 09:45:37 AM »
One of the laws of economics is that human desires are unlimited.  There is no level of min wage that will be "enough" just as there is no level of welfare that will be "enough."

Hence the idea that it is the job of the gov to pay for trivial things like our cell phones, birth control etc.

MechAg94

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Re: $15/hr in Seattle = Less Money
« Reply #22 on: June 27, 2017, 10:50:58 AM »
Enough of this incrementalism - just raise the minimum wage to $200/hr so everyone can be affluent . . . and afford to pay higher taxes to raise the parasite class needy out of poverty.
Next you will suggest the government will determine what our pay will be and will handle that silly paycheck nonsense for us so neither we nor our employer will need to bother with it. 
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K Frame

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Re: $15/hr in Seattle = Less Money
« Reply #23 on: June 27, 2017, 11:14:05 AM »
Next you will suggest the government will determine what our pay will be and will handle that silly paycheck nonsense for us so neither we nor our employer will need to bother with it. 


Exactly! We need a single employer system in this country for work in the same way that we need a single payer system for health care!
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Perd Hapley

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Re: $15/hr in Seattle = Less Money
« Reply #24 on: June 27, 2017, 11:33:29 AM »

Exactly! We need a single employer system in this country for work in the same way that we need a single payer system for health care!


The ultimate in health care portability. Your health care goes with you when you change employers, because it's all the same employer. Wherever the government the people need you, they just put you there. The field, the factory, the labor camp, the gulag...
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