Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1   Report Post  
Posted to rec.crafts.metalworking
external usenet poster
 
Posts: 3,984
Default Higher Minimum Wage equals FEWER jobs

On Monday, December 16, 2013 3:29:27 PM UTC-5, Jeff M wrote:



Those of us who know something about economics and are able to read and

comprehend the relevant research know the facts, which are that the

claim that raising the minimum wage will cause rising unemployment is a

nothing more than a long discredited rightard canard purveyed by the

likes of Limbaugh and regurgitated by useful idiots for the right.


Sounds good , but it is not true. The minimum wage is at about the level that would exist without a minimum wage law. And therefore the only significant effect is on the employment of young black kids. It does make it more difficult for them to get work experience and get work references so they can get a higher paying job. The unemployment rate of black teenagers is significantly above white teen agers.

If the minimum wage is raised to about $20 an hour, the effects will be noticeable and it will make a lot more things worth automating. And reduce employment.

Dan
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Higher Minimum Wage equals FEWER jobs [email protected] Metalworking 0 December 16th 13 05:35 PM
Raise The Minimum Wage jon_banquer[_2_] Metalworking 0 August 17th 13 07:59 PM
Raise The Minimum Wage jon_banquer[_2_] Metalworking 19 August 17th 13 06:45 AM
Raise The Minimum Wage [email protected] Metalworking 16 August 13th 13 09:57 PM


All times are GMT +1. The time now is 04:16 AM.

Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004-2025 DIYbanter.
The comments are property of their posters.
 

About Us

"It's about DIY & home improvement"