It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Federal Reserve Says State Minimum Wage Hikes Have Cost Up to 200,000 Jobs

page: 4
17
<< 1  2  3    5  6  7 >>

log in

join
share:

posted on Dec, 22 2015 @ 06:43 PM
link   
a reply to: xuenchen

Don't pay people #!

F the federal reserve.

No more wage slavery!




posted on Dec, 22 2015 @ 06:44 PM
link   
a reply to: Metallicus

Entitlement generation my ass.

There's no opportunities for an entire generation. Why do you think they stopped buying houses? Let me help, it's because they don't have any money because the available opportunities are garbage.



posted on Dec, 22 2015 @ 06:51 PM
link   

originally posted by: Vector99
a reply to: ketsuko

There is a "norm" that they can count on. It's all statistics. If you think CEO's of large corporations aren't aware of what's coming out of school I have news for you. Why do you think so many IT jobs got shipped overseas. There was a need for IT workers, LOTS of people started going to school for it. It became too expensive to pay American IT workers, hence the shipping overseas.

That is DIRECTLY the fault of a corporation.


Corporations only need so many IT workers. Lots of kids started to go to school for it. You have more IT workers. The market is glutted, so any new jobs created can be filled with those who will accept less for the work. That isn't a function of outsourcing but simple supply/demand.

Now what IS an issue is when the corporations claim they do not have enough skilled workers to fill IT positions and ship in foreign labor from overseas on H1 visas to work even cheaper than the available labor. That is what I meant about loose immigration. After all, there is plenty of skilled labor and it would be available for less than it was before more of it came available.

And those are not outsourced jobs.

You see the same in construction with immigrants lowering the wages because they will work for much less. Those are not outsourced jobs either.

Face it. The economy never recovered after 2008. Employers are operating at an advantage in the labor market because every job they offer has far more applicants than there are openings. That depresses wages.

And there are plenty of jobs in the blue collar sector if you know where to look, but no one is taking those jobs because everyone has an allergy to blue collar type work. Now those employers are seeking H2 visas to import cheap immigrant labor to fill those jobs too.



posted on Dec, 22 2015 @ 06:55 PM
link   
Indeed it is interesting in a scary way. I don't think I can get a handle on it if I tried.


originally posted by: xuenchen

originally posted by: ugmold
a reply to: xuenchen
I wish it would cost them their Jobs. Abolish this Private Bank Nightmare.

Who owns the Fed?
Global Research


Interesting isn't it.

Here's the Federal Reserve "ownership" structure according to them...
Who owns the Federal Reserve?


and, here's their list of foreign influences banks operating in the U.S. who are owners of the stock.
Structure Data for the U.S. Offices of Foreign Banking Organizations


and don't forget the Basel Committee that dictates "recommends" policy for most world central banks.
Zee Baazel Kommittee


and here's some info on The Basel Committee from the FED...
FED Basel search









posted on Dec, 22 2015 @ 06:57 PM
link   
I'm unemployed Jackass, and I'm not getting a red cent from the Government. Working since I was 13, now almost 60 and they give you 6 months and cut you off.


originally posted by: jjkenobi

originally posted by: xuenchen
Well folks it looks like even the Federal Reserve is agreeing with many people who argue against high minimum wages.

Seems the Fed of San Francisco says as many as 200,000 jobs have been lost due to some States' interventionalist wage policies.

The Congressional Budget Office estimated as many as 500,000 jobs would go away in a report last year.

I guess the famous $10.10 talk was in fact some kind of general Red Herring.

The article has links to the reports.

Federal Reserve Says State Minimum Wage Hikes Have Cost Up to 200,000 Jobs


Minimum wage hikes at the state level have reduced the number of jobs by as many as 200,000, according to a study by the Federal Reserve Bank of San Francisco.

The Fed study comes just less than two years after a study by the Congressional Budget Office asserted that increasing the federal minimum wage to $10.10 per hour would cost 500,000 jobs nationally.

Despite numbers from nonpartisan studies, President Barack Obama and congressional Democrats, as well as Democratic governors across the country, regard a minimum wage hike as a political winner. All three Democratic presidential candidates are running calling for a minimum wage hike.


Well Now WHAT?





Unemployed people are a win/win for the Democrats. More people stuck dependent on govt = more Democrat votes for free stuff.

edit on 22-12-2015 by ugmold because: addition



posted on Dec, 22 2015 @ 07:02 PM
link   
a reply to: ketsuko

Are you kidding? Have you not heard of the people training their overseas replacements? The job didn't go away, it was OUTSOURCED by a CORPORATION for a lower wage to meet investor standards of profit margin. The two are DIRECTLY related.



posted on Dec, 22 2015 @ 07:03 PM
link   
Sorry if already answered...
So we have an increase in minimum wage to
hopefully at least meet the standard of living wages.

So why hasn't the Federal wage increased? It's been the
same "forever" & what effect would it have on the state
increase for a living wage? Thanks.

Cheers
Ektar



posted on Dec, 22 2015 @ 07:07 PM
link   
a reply to: Ektar

The majority of state minimum wages already exceed the federal minimum wage. I think its like 30 or 35 of the 50 states exceed the federal $7.25 wage.



posted on Dec, 22 2015 @ 07:14 PM
link   
Labor oversupply = low wages . Artificial wage raises in face of oversupply = fewer employed.

The answer is obvious.



posted on Dec, 22 2015 @ 07:16 PM
link   

originally posted by: xuenchen
Well folks it looks like even the Federal Reserve is agreeing with many people who argue against high minimum wages.

Seems the Fed of San Francisco says as many as 200,000 jobs have been lost due to some States' interventionalist wage policies.

The Congressional Budget Office estimated as many as 500,000 jobs would go away in a report last year.

I guess the famous $10.10 talk was in fact some kind of general Red Herring.

The article has links to the reports.

Federal Reserve Says State Minimum Wage Hikes Have Cost Up to 200,000 Jobs


Minimum wage hikes at the state level have reduced the number of jobs by as many as 200,000, according to a study by the Federal Reserve Bank of San Francisco.

The Fed study comes just less than two years after a study by the Congressional Budget Office asserted that increasing the federal minimum wage to $10.10 per hour would cost 500,000 jobs nationally.

Despite numbers from nonpartisan studies, President Barack Obama and congressional Democrats, as well as Democratic governors across the country, regard a minimum wage hike as a political winner. All three Democratic presidential candidates are running calling for a minimum wage hike.


Well Now WHAT?





I am not really sure why as wages paid are a business tax deduction. Along with benefits and bonuses.



posted on Dec, 22 2015 @ 07:17 PM
link   
a reply to: Vector99

Thank you for responding...
I know the state exceeded that...but why hasn't the Fed
minimum been raised after all these years? It's been the
same since I was a kid.
So it definitely needs to be raised.

Question is how would it reflect one another & why hasn't
the Fed wage been raised?

Cheers
Ektar



posted on Dec, 22 2015 @ 07:18 PM
link   

originally posted by: Phoenix
Labor oversupply = low wages . Artificial wage raises in face of oversupply = fewer employed.

The answer is obvious.


It's not an artificial raise though, raises in the minimum wage have stagnated in comparison to the cost of living since the 70s.

Even at the rate of $8.50 an hour, employees qualify for medicaid, HEAP and SNAP/food stamp benefits. Even single people without children qualify at that rate. Wal-Mart is infamous for telling their employees to visit social services. Then, conservatives complain about too many people receiving 'entitlements'. The same conservatives who fight raising the minimum wage.


edit on 22-12-2015 by reldra because: (no reason given)



posted on Dec, 22 2015 @ 07:18 PM
link   

originally posted by: Phoenix
Labor oversupply = low wages . Artificial wage raises in face of oversupply = fewer employed.

The answer is obvious.

Yes, quite obvious. The current corporation model is incorrect, and needs re-working. Free-market is a nice concept if greed can be avoided, but well....



posted on Dec, 22 2015 @ 07:20 PM
link   
a reply to: Vector99

It's not actually a free market, though. Anyone who thinks that what we have now is anywhere close to free is delusional.



posted on Dec, 22 2015 @ 07:23 PM
link   

originally posted by: Eilasvaleleyn
a reply to: Vector99

It's not actually a free market, though. Anyone who thinks that what we have now is anywhere close to free is delusional.


The words "too big to fail," directly contradict a free market.

If the market were free, why did taxpayers foot the bailout?

Isn't that a form of (gasp), socialism?



posted on Dec, 22 2015 @ 07:25 PM
link   

originally posted by: Vector99
a reply to: ketsuko

Are you kidding? Have you not heard of the people training their overseas replacements? The job didn't go away, it was OUTSOURCED by a CORPORATION for a lower wage to meet investor standards of profit margin. The two are DIRECTLY related.


I have and those workers were imported to THIS COUNTRY and will continue to work IN THIS COUNTRY because they were allowed in on a visa. That is not outsourcing. Outsourcing is when the business sends the whole job elsewhere. It is call centers in India, not cheap immigrant labor on temp visas for Silicon Valley or Disney Land.



posted on Dec, 22 2015 @ 07:29 PM
link   

originally posted by: Eilasvaleleyn
a reply to: Vector99

It's not actually a free market, though. Anyone who thinks that what we have now is anywhere close to free is delusional.

I will just assume you have zero education regarding business, otherwise you would know better.

It's a little unconstitutional thing called the IRS that ensures the market is "free" for those who can afford it. Trade deals with partner nations have complimented the non-free part very well.



posted on Dec, 22 2015 @ 07:30 PM
link   

originally posted by: ketsuko

originally posted by: Vector99
a reply to: ketsuko

Are you kidding? Have you not heard of the people training their overseas replacements? The job didn't go away, it was OUTSOURCED by a CORPORATION for a lower wage to meet investor standards of profit margin. The two are DIRECTLY related.


I have and those workers were imported to THIS COUNTRY and will continue to work IN THIS COUNTRY because they were allowed in on a visa. That is not outsourcing. Outsourcing is when the business sends the whole job elsewhere. It is call centers in India, not cheap immigrant labor on temp visas for Silicon Valley or Disney Land.

Telling yourself that doesn't make it true.

Read up



posted on Dec, 22 2015 @ 07:39 PM
link   

originally posted by: reldra

I am not really sure why as wages paid are a business tax deduction. Along with benefits and bonuses.



The taxable difference to businesses would not be enough to fund the social programs.

Governments can't pay for programs as it is, because they are in massive debt.




posted on Dec, 22 2015 @ 07:42 PM
link   

originally posted by: Vector99
a reply to: queenofswords

What happens when 400,000 people become skilled welders? Think the salary will remain at $100,000?


Isn't it the same when 30,000,000 become low wage service workers?




new topics

top topics



 
17
<< 1  2  3    5  6  7 >>

log in

join