GM, what if you are wrong and it simply causes companies to hire LESS employees at the starter level?

The only people who make minimum wage are folks just getting started at a job. It's not like a good worker is working the same job for minimum wage year after year after year (a shitty, non-productive worker might).

Most folks work their way UP the ladder.

But I'll say it again because you are so full of hatred you don't even have an open mind to consider other viewpoints: Why would you or I hire a teenager for their first job of unskilled labor at $9 an hour???

Answer: We wouldn't. For that kind of money coming out of my pocket I'm not going to hire ANY unskilled kid that is new to the workforce and trying to get their first job. In this fucked up economy with a high jobless rate already, I'm going to choose and pick an older person with experience.

That is an unintended consequence of raising the minimum wage. Teens, uneducated people. Latinos, and young black men already can't find jobs. Now you're going to price it completely away for them?

Don't you think we should be CREATING job opportunity? Why isn't our govt. focused on THAT?

All that's true in "equilibrium"... changing minimum wage changes the equilibrium... (shifts the supply and demand curves)

on the demand side: some people will have more $$, so their demand for goods will go up... (driving prices up)

supply side: selling goods is now less profitable, so supply goes down... (driving prices up)

You are. :thumbsup

You are both fucking ignorant. I give up. Go ahead and theorize all you want. It's why neither of you have or will have any real success.

I tried to engage both of you with a differing point of view. But obviously you guys aren't on the same level with me in this world.

Ok, but the current "equilibrium" has left the middle class gasping for air, the working class living in poverty, and corporate profits at historic highs.

Corporate profits hit record as wages get squeezed
http://money.cnn.com/2012/12/03/news...its/index.html

http://2.bp.blogspot.com/_e3gDaHO8VL...economists.jpg

It's about fucking time the "equilibrium" shifts.

whatever

im not swearing.

what you're defending here is a zero sum game

good luck

:1orglaugh Take your ball and go home.

BTW - I'm doing just fine for myself, TYVM.

A more important data point in their financials is their net income(profit) - $15.7 billion last year. Let's say it costs them $3-500 million..drop in the bucket. They could make that up imperceptibly.

Just like this whole issue, it's much ado about very little.

There is only one reason a company ever hires (and it's already the LAST thing they do after squeezing as much as they can out of their current workforce) - and that is to meet demand. If there is sufficient demand for a product, the company will hire to meet that demand (otherwise the company loses money in lost sales). The money to pay the increased wage doesn't come out of the pockets of the customers, it comes out of the profits of the company. That is because if the company could get away with raising the price of their goods or services after a minimum wage hike, there is absolutely no reason why they wouldn't do it before the minimum wage hike - and thereby make more money (which is the goal of every company, right)?

Not everyone who works for minimum wage is a teenager. And $9/hr is miserable pay. And nearly all that money will go back into the economy, unlike the offshore tax havens the money of the wealthy often end up in. And a rising tide lifts all boats, and it's about fucking time - the poor are getting poorer, and the middle class is shrinking. Meanwhile...

The rich get richer as kids face poverty
http://www.marketwatch.com/story/the...rty-2012-09-12

Because they're too busy sabotaging the recovery.
http://www.policymic.com/articles/11...merican-public

http://2.bp.blogspot.com/_pudzgzt-eq...lor-72-dpi.jpg

No, actually. You're taking economics. The Dems try to help the working people of this country economically. Raising the minimum wage is just one way. Supporting organized labor is another. And supporting strong public education, community colleges and libraries. And getting the uninsured health coverage. And subsidized school lunches. And heating assistance. And payday loan reforms. All those things (and if I had more time I could come up with many more) have economic implications. The GOP would never support any of that stuff. The two parties are not the same.