Politics and Minimum Wage: There's little debate among academic economists about the effect of minimum wages. University of California, Irvine economist David Neumark has examined more...

OldSchool Loc: Moving to the Red State of Utah soon!

There's little debate among academic economists about the effect of minimum wages. University of California, Irvine economist David Neumark has examined more than 100 major academic studies on the minimum wage. He reports that 85 percent of the studies "find a negative employment effect on low-skilled workers."

http://townhall.com/columnists/walterewilliams/2014/01/08/politics-and-minimum-wage-n1772533?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm

rpoyourow

The same arguments are made here in New Mexico, and then regularly disregarded.
Minimum is a poor mechanism for reducing inequality and bringing the bottom up into the middle. However, I'd be curious to see any studies of its effect on supporting the wages of those earning above the minimum wage. Intuitively, it seems to me that they are then under much less wage pressure from their employers.

bmac32 Loc: West Florida

The whole idea is less workers so we have more on unemployment thus more people whom are will to vote democratic thus we need more tax money. It's a never ending cycle.

OldSchool wrote:

There's little debate among academic economists about the effect of minimum wages. University of California, Irvine economist David Neumark has examined more than 100 major academic studies on the minimum wage. He reports that 85 percent of the studies "find a negative employment effect on low-skilled workers."

http://townhall.com/columnists/walterewilliams/2014/01/08/politics-and-minimum-wage-n1772533?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm

TroubleshooterTim Loc: People's Republic of Oregon

OldSchool wrote:

There's little debate among academic economists about the effect of minimum wages. University of California, Irvine economist David Neumark has examined more than 100 major academic studies on the minimum wage. He reports that 85 percent of the studies "find a negative employment effect on low-skilled workers."

http://townhall.com/columnists/walterewilliams/2014/01/08/politics-and-minimum-wage-n1772533?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm

Actually there is academic debate on this subject.
There are a number of academics pushing the economic benefits of legalizing illegal immigrants. Here is a link to a USC paper submitted January 2010 pressing this position.
http://csii.usc.edu/documents/economic_benefits_immigrant_authorization.pdfUSC sociology professors have since submitted articles repeating the points of Dr. Raúl Hinojosa-Ojeda.

Their 'well researched positions' have pretty weak arguments in my book. I don't see how we can allow millions to be legalized to take jobs, and pressing for a $15 min. wage for all these new workers, while expanding welfare benefits will help our economy to recover from the massive debts.

Ah, but then I am reminded of the 'Cloward Piven Strategy'.

vietnmvetr65

Raising the Minimum Wage will do nothing for unemployment, it will only increase the unemployed. More Companies will either move overseas or go out of business.

bmac32 Loc: West Florida

Actually unemployment will increase about 2 to 5% plus people will buy less because of price increases.

vietnmvetr65 wrote:

Raising the Minimum Wage will do nothing for unemployment, it will only increase the unemployed. More Companies will either move overseas or go out of business.

JetJock Loc: Texas

I remember in the 80's I was in Hartford Con and there were several fast food places with help wanted signs, paid $7.50 an hour when the Min wage was $3 something. no takers.

Let the market place find the wage, period.

Who will buy a $12.00 big mac?

Coos Bay Tom Loc: coos bay oregon

Putting every one on a gauranteed income by expanding and overwhelming the welfare system is a communist strategy. When the USSR collapsed and Germany became one country again the East Germans lived under such a strategy and had no work ethics or skills and as a result were despised by WestGermans who were burdened with what to do with East germans who did not know how to work.I heard this from Germans that I know.

TroubleshooterTim wrote:

Actually there is academic debate on this subject.... (show quote)