no propaganda please Loc: moon orbiting the third rock from the sun

WND
Proof: $15 minimum wage k**ls middle-class jobs
Data shows California to lose at least 400,000 positions

Art Moore, co-author of the best-selling book "See Something, Say Nothing," entered the media world as a PR assistant for the Seattle Mariners and a correspondent covering pro and college sports for Associated Press Radio. He reported for a Chicago-area daily newspaper and was senior news writer for Christianity Today magazine and an editor for Worldwide Newsroom before joining WND shortly after 9/11. He earned a master's degree in communications from Wheaton College.

Over the past 30 years, minimum-wage increases have reduced employment, a new study shows, and now, based on past data, a new $15 statewide minimum wage will cost the Golden State at least 400,000 jobs.

Commissioned by the nonprofit Employment Policies Institute, the study by David Macpherson of Trinity University and William Even of Miami University measured the impact of minimum-wage increases in California from 1990 to the present.

The economists found that a 10 percent increase in the minimum wage would cause a nearly 5 percent reduction in employment in an industry where one-half of workers earn wages close to the minimum.

Nearly half of the observed job loss occurs in food-service and retail industries.

In an industry with an average share of lower-wage workers, their findings imply that each 10 percent increase in California’s minimum wage has reduced employment for affected employees by 2 percent.

Applying their data to the state’s upcoming $15 minimum wage, they estimate that by 2022, approximately 400,000 jobs will be lost as a consequence.

The economists point out their estimate is conservative, because it measures the impact of California’s state minimum wage but does not account for job loss in counties that had insufficient data.

Last year, California Democratic Gov. Jerry Brown signed a bill into law that incrementally raises the state’s minimum wage from $10 an hour to $15 by 2023, with subsequent rises pegged to inflation.

“Whether the real-time response of an economy will mitigate or exacerbate the effects of raising the minimum wage is an open question,” the executive summary states.

“What is not in dispute, based on this study, is that California’s rising minimum wage has depressed employment opportunities in the most heavily-impacted industries.

“The conclusions should give pause to states or localities interested in emulating California’s wage experiment.”

lindajoy Loc: right here with you....

Not at all unexpected nap...

Many will tell you how good it is and how people deserve a wage that allows them to live just like everyone else..
Atrue statement if they want to invest a little in themself and get a degree or trade.

Colorado is going to $12.00 hourly Jan. first..
Many are not happy about it at all.. people already saying it will put them at of business.

Larry the Legend Loc: Not hiding in Milton

There's a branch of economic study called the 'Austrian School', basically they look at economic questions a little differently than your more 'mainstream' Keynesian and 'Chicago School' branches. The Austrian School has opined for many years that minimum wage laws actually put people put of work and destroy businesses. The logic is simple enough:

A businessman employs a person to carry out a function within his business and pays that person an amount approaching his or her benefit to the company. Along comes government and tells the businessman that he is being forced to pay his employee more money regardless of the effect this will have on his business. The businessman is then faced with the choice of somehow increasing revenues to pay for the employee or ceasing to make use of his or her services. Which avenue or avenues he chooses will depend on many factors. Following are some of the possible remedies:

Cut quality by buying cheaper supplies and maintaining the pricing structure. This will certainly damage the reputation of the company and make customers less likely to buy from them in the future, ultimately reducing revenues further.

Raise prices. This will cause a reduction of sales 'at the margin' and so either reduce revenues or leave them unchanged, dependent on many other factors.

Require greater productivity at the new wage rate. 'Crack the whip' as the old saying goes. As anyone who has ever worked in a 'sweat shop' will attest, you may have it fast, right or cheap. Pick any two, because you cannot have all three at once.

Outsource the labor component to a place that has less restrictive labor laws. And so we marvel at the C*******t success story that is the Peoples' Republic of China. Need I say more?

Automate. If a machine can replace a human and do a similar (or better) quality job at a lower cost, it will replace that human. This is the future touted for fast food once the $15 minimum wage is instituted. It's already in the works.

And finally, simply close the doors for good and stay in bed. Shut the business down and head for sunnier shores. Take your ball and go home. That hurts everyone from the employee on up. No wages, rents, utilities, shippers, truckers, warehouses, distributors, retail, nothing. Everybody loses. Welcome to the minimum wage.

I like your new avatar, by the way. Very 'Christmasy'.

Super Dave Loc: Realville, USA

It really doesn't take a Rocket Surgeon to see the failure in this move.

But if failure is your objective, is it really failure?

The most loyal Democrat v**ers are the ones kneeling and palm-up waiting for a government check.

moldyoldy

There are many arguments that raising the minimum wage has been good since that money goes into the economy many times over. Retail jobs are dying because on line sales are booming, amazon along with many other stores are using direct shipping, that is the wave of the future, and it is not a result of minimum wage, but rather good business. Robotics has been taking over industry for decades. That is why japan got ahead of us with automobile manufacturing. We can not go backwards with technology, like trump and coal.

lindajoy Loc: right here with you....

You hit on something I do not dismiss.. BOs Agenda was financial demise of this Nation.. Whether that is believed or not!!What better way to ruin small business growth and independence????

Along with the progressive g*******t mentality I would not put it past them to want to wreck havoc causing further upheaval and another way to keep citizen tied to the government they will be “ inherenting”..

Super Dave Loc: Realville, USA

That's just painfully stupid.... At least the part about raising the minimum wage.

1 - You're not adding money to the economy when you force one person to give it to another person.

2 - The companies that don't go bankrupt will necessarily have to raise the prices on their products, thereby taking that money you just put into the economy back out.

3 - People on fixed sources of income such as Social Security and Food Stamps don't get as much food for their $ as they did before the minimum wage was raised.

Larry the Legend Loc: Not hiding in Milton

Is that a cross between a rocket scientist and a brain surgeon?

moldyoldy

JFlorio Loc: Seminole Florida

How can the poor person make more money if his job goes away. Obviously you've never run a business. Worst thing ever happened in this country for job creation and wages is minimum wage. The government has no business getting involved with an employer and his employee. Everything you posted is a direct result of government interference. Exactly why the cost of college has risen dramatically. I find it strange that you liberals who champion i*****l i*********n then b***h about low wages. Their is a direct correlation between wages and bringing in millions of unsk**led,
uneducated workers. Moldy, you're not sounding very bright. Perhaps because you let the government do your thinking for you.

Super Dave Loc: Realville, USA

It's like a Double Major is smartness...

Super Dave Loc: Realville, USA

You mean that while the government tripled in the amount of money it took out of the economy, that workers' wages haven't gone up?

No Sh!t Sherlock.

Kevyn

Better to have 10 people making a living wage and supporting themselves and 2 on welfare than 12 making s***e wages with all of them on assistance to get by.

moldyoldy

You have a hard on for minimum wages, you have brought this up before.

Most Seattle employers surveyed in a University of Washington-led study said in 2015 that they expected to raise prices on goods and services to compensate for the city's move to a $15 per hour minimum wage.

But a year after the law's April 2015 implementation, the study indicates such increases don't seem to be happening.
The interdisciplinary Seattle Minimum Wage Study team, centered in the Evans School of Public Policy & Governance surveyed employers and workers and scanned area commodity and service prices. The team's report found "little or no evidence" of price increases in Seattle relative to other areas, its report states.


Read more at: https://phys.org/news/2016-04-effect-prices-minimal-year-seattle.html#jCp

JFlorio Loc: Seminole Florida

Yea and I can show you articles showing how many restaurants have gone out of business and things are more expensive according to people I know out there. O.K. moldy. What parameter do you use to determine a minimum wage? Are the employers ever consulted? Most articles on both sides are supporting there opinion. Try common sense. Oh that's right, never mind.