States with Higher Minimum Wage Boast Faster Job Growth

a reply to: bbracken677

Well, if their tax rate is the same year after year, how does this increase prices for the consumer? I have heard a lot about tax cuts, but none about increasing the corporate rate.

a reply to: MOMof3
Not to mention when their costs went down like 75% by opening up shops in mexico, china and india, they sure didn't pass their saving onto us consumers or employees selling their stuff. But now somehow they would need to increase prices for increases that don't come anywhere near the costs they cut by outsourcing? That is nothing but pure greed from the top dogs.

a reply to: TKDRL

Great post and so true.
American Pride and good quality products was at one time one of our slogans as country but that went out the door with greedy ceos and shareholders wanting more and more and off to DC they went to lobby for "free trade" with china and third world countries for substandard garbage.

a reply to: MOMof3

I illustrated how it gets passed along. I didnt mean to say only increases are. Surely you can see that taxes are part of the cost of doing business? You took my illustration to literally I guess.

This thread is about increasing the minimum wage, which represents an INCREASE in labor costs. Hence I just illustrated how an increase in taxation would be passed along. As a cost of doing business, taxes are figured into the pricing structure along with any costs of materials, labor and overhead costs.

a reply to: TKDRL

Actually, they did. But then with that thought process there is no way I would convince you of it.

a reply to: jacobe001

You are right...American Pride and quality used to mean something, but then people with effed up attitudes wanting something for nothing screwed up the works.

The last couple of generations attitudes when it comes to work suck. There is very little left of good work ethic.

I, for one, am sick and tired of the idiots that show up for a job interview for an outside sales job dressed in their best ghetto wear, or wearing jeans and a tshirt. You are applying for a job representing my firm and you come dressed like that? I send them home and do not even bother to interview them. They are not worth the time I would waste interviewing them.

Then there are the morons that once they get hired on who think they are entitled to spend the hours I am paying them for to surf the net and get upset when I question them about their lack of productivity. I show them their browsing history and ... their face give it all away. They want to be paid, but they do not want to work.

There are good people of the last couple of generations who are willing to work for their pay, but they are few and far between.

originally posted by: beezzer
a reply to: TKDRL

Like xuenchen said, before I asked the question; If raising minimum wage would be a boost for the economy, then businesses would be doing it without government dictating it.

Business is in the business of making money. Increasing the economy would enable business to make even more money. So if raising minimum wage does boost the economy, then why hasn't business been doing it for decades?

Answer; Because it doesn't boost the economy. It's a net loss for business. Raising minimum wage hurts business in the front end and in the back when they don't capitalize on their "investment" of raising wages.

NO. WRONG. Business has a short term simplistic view. A profit and loss spreadsheet basically with a single step possibly two step action and consequence analysis. In order to understand the effect of a minimum wage requires a more inclusive view of the effect across the whole economy, especially the public sector. How many businesses incorporate the effect of the public sector in their analysis? Big fat zero that's how many.

Now if you are willing to look beyond the exceptionally narrow minded US view of the world and accept the analysis of minimum wages across many countries with western style mixed economies you are left with one conclusion : a higher minimum wage improves the economy.

a reply to: bbracken677

If the corporations bring back just some of those trillions sitting in tax havens, they could give the american worker a decent wage. Maybe then one could afford to buy a suit, a car, a home, and save. Frankly, I wish all corporations would leave our shores and let us go back to being small businesses and serve the local community. Let Europe and Russia have all the greed.

originally posted by: SlapMonkey
a reply to: FyreByrd

I would be interested in the job growth prior to that for all of the states...if they were already growing faster than other states--for whatever reason--this would indicate nothing.

Either way, half of one year, especially when measuring during summer (when there usually is an increase in job growth anyhow), does not a trend make in the world of job growth.

Good points to keep in mind, however I can answer either; but I'm sure that we will continue to see data.

a reply to: bbracken677

I will agree with you here.

Companies used to compete for 'good employees', most big company's just want bodies these days and complain when those bodies can't do simple math.

originally posted by: bbracken677
a reply to: FyreByrd



When companies raise wages, the pressures to increase prices to the consumer also increase.

Think about it this way: If every fast food burger place doubled their labor costs by increasing wages accordingly, what would be the effect on the cost of those burgers?

Question:

How come when minimum wage goes up a small fraction, it increases prices, not to mention, there are not that many people making at minimum wage to begin with, but when the majority of wealth of the country is concentrated in the top 1% and only increasing, it has no effect on prices and wages?

In the early 70 and 80's, when we had a vibrant and growing Middle Class, we used to use propaganda against the Soviet Union about the Income Inequality in their country where the majority of the wealth was held at the top and everyone else was poor. We have come full circle now where that is acceptable in this country it seems. How would you reverse that course so we are not like the then Soviet Union?

originally posted by: bbracken677
a reply to: criticalhit

It's pretty clear that you have no experience or training and just mouthing the platitudes of the left (corporations are evil!! OMG another company is moving it's operations overseas to be able to compete internationally!!WHY???) lol You are so typical: Complain about the evil corporation and encourage higher corporate taxation and then turn right around and complain because jobs are going overseas. LOL

You do realize that corporate taxes are paid for by the consumer, right?

Sorry, I don't buy your argument that these business were going bankrupt and had to move overseas.

When many of our"Free Trade Agreements" and many other disastrous foreign economic policies were introduced by our elite overlords and their Big Corporate and Banking Lobbyists, many business were going overseas at a time when the economy was flourishing as was the stock market but they wanted even more profits. It is never enough.

a reply to: MOMof3

That's ridiculous. There are no "trillions sitting around in tax havens" lol .

Where do you get that from? Some conspiracy nutcase? Someone who has no clue what companies do with their profits?

originally posted by: FyreByrd
This is good news for everyone. Low wage earners put 100% of their earnings back into the economy, thus spuring growth that is much needed.

That statement sounds strange to me.

All wage earners put their money back into the economy. If you put your money in a bank, the bank lends it out. If you purchase stock, the business you invested in spends that money.

a reply to: bbracken677

I listen to the money channel and I read. I will lose respect for your posts if you try to pretend it is not true. I also have very rich in-laws. Sold all their thousands of acres of wheatland that they homesteaded, strict conservatives and tax evaders. That is why we don't get along.

originally posted by: NavyDoc

The wealthy got wealthy and stay wealthy by investing. People have this rather silly myth in their heads of Scrooge McDuck sitting on a huge pile of money. That's not the case and you don't stay wealthy for long doing that. The "evil rich" return their money into the economy in the form of investment and stocks and bonds and so forth in a manner that is much more efficient than the "social justice" redistributionists could ever dream of.

Except that our foreign economic policies brought about by corporate and banking lobbyists are investing the majority of that money not on the USA but on emerging markets around the world, all part of the Globalist Corporate Controlled Utopia.

a reply to: jacobe001

You dont have to buy it. You are welcome to believe that companies are moving jobs over to Asia because of the free rice pudding offered. Or because CEO's like the sushi.

Or you can research it yourself, with an open mind, without an agenda and find the truth for yourself.

Try researching and actually reading things from reputable sources that do not agree with your preconceived ideas. Try getting information from other sources than blogs and forums. Deny ignorance.

I am pretty sure there is a subject, or subjects that you are intimately involved with and have extensive practical knowledge of...like, for instance, a job you have been doing for years. If some guy, with no experience and no knowledge, tells you some crappola you know to be wrong, how do you handle it? That is kind of what I am feeling here. People here have formulated opinions based on what politics have told them, based on what makes you feel better about yourself, or perhaps what satisfies some hatred. I dunno where or why they believe as they do, but they are ignorant. They have no clue what they are spewing, but yet they continue to based on some ethereal opinion of how they believe things work.

I am getting tired of arguing against some of the most ignorant statements I have ever heard. Is there any skin lost, on my account, if you continue to believe nonsense? Nope. Therefore I am not arguing it anymore.

You (collective you) can believe that the earth is flat if you like. You can believe that corporations are making 35% profit and are squirreling dollars in Cayman accounts. You can believe that a multi billion dollar company would relocate overseas so the CEO can afford another Mercedes if you like. I really dont give a rat's ass.

If you really want to learn, then research these things with an open mind. Or don't, I don't care.

Getting back to the OP: Claiming that increasing minimum wages significantly is good for the economy is stupid. It is stupid on so many levels I just do not have words for it. Stupid to the level that only people flipping burgers at McDonalds would believe it or someone else with zero freaking experience running a business and working at anything approaching entry level jobs. Or perhaps people who have been brainwashed to believe all the propaganda out there. America has lost it's manufacturing base. We are a nation of assemblers. We assemble parts manufactured in other countries, for the most part. This isn't a US must be number 1 stupid crap, this is fact.

Because of it, in the last 20 years this nation has spent (private sector) 15 Trillion dollars more on imports than they have gained through exports. A 15 trillion dollar negative balance in trade. Can you understand what that means? Our country in the last 20 years has lost 15 trillion dollars in wealth. Trillion...and we have morons claiming that corporations are evil and are gouging consumers with excessive profits. Forget competition.. lol Stupid remarks like that based on perceptions, based on a few bad apples, based on ignorance and NOT based on practical experience and knowledge is not helping a damned thing.

I leave you with one piece of data to consider: In the 60s the US produced 25% of the world's manufactured goods. Now its like 5%. If you can actually attribute that to greed and evil corporations then...lol whatever.

Research Basset Furniture if you want a single story of a company that was about to go out of business due to foreign competition but fought back and won.

Bassett fights dumping by China

Picking up the pieces

Dumping and US jobs


But hey! Believe crap, Deny knowledge.

a reply to: jacobe001

Ahh yes. It's a conspiracy. Why not? LOL damn..


Please, Deny Ignorance.

originally posted by: bbracken677
a reply to: NavyDoc

LOL I missed his "death penalty for smoking pot" remark. If ignorance is bliss, then he is one danged happy guy.

That just shows how incredibly ignorant he is. I think that 4 of the top 10 fastest growing cities in America (economic wise) are in Texas. Texas has some of the lowest energy costs in the country. Texas has (even with bukku immigrants) one of the best employment rates in the country, but hey! What does Texas know about business. They cant even run a deficit in state spending to match their size. Unlike other states that run deficits way out of proportion to their size and population levels...you know: those so-called "progressive" states that are going bankrupt.

I grew up in Texas and they have always fared well when other parts of the country were not doing so well.
They have something in common with rich countries like Saudi Arabia, Norway, and so on and it is called Oil and the associated Industries. It is the life blood of the nation so the demand is not going away.

originally posted by: bbracken677
a reply to: jacobe001

Ahh yes. It's a conspiracy. Why not? LOL damn..


Please, Deny Ignorance.

BS!

The latest the is the Trans Pacific Partnership backed by hundreds of Multi National Corporate lobbyists where they can exploit countries and workers around the world. They have no allegiance to any country but yet want to call the shots in ours.

The solution is not to NOT buy their products but to use the solutions they use. Elect Politicians that will end the trade pacts and put an end to corporate and banking lobbying.

Multi National Corporations and Banks say to the little people to use Market Forces to put a stop to them while they run to the government for their solutions to ram on us.

They say the government is the solution in the Billions of Dollars they give to politicians

www.opensecrets.org...

Ranked Sectors - Lobbying

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Other $3,184,831,387
Transportation $3,059,318,830
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