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

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posted on Dec, 25 2015 @ 01:14 PM
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originally posted by: AlaskanDad
a reply to: BatheInTheFountain

I'd rather see the big boys pay, through the wazzu, rather than those making under $250 paying too much.



Big Boys?????

Most of the people affected are small and medium biz owners.

Who the HELL do you think owns businesses? Do you think we're all Walmart or Costco????

Eta: misread your post. My bad
edit on 25-12-2015 by BatheInTheFountain because: (no reason given)




posted on Dec, 25 2015 @ 01:15 PM
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originally posted by: BatheInTheFountain
a reply to: Gryphon66

Fraud who's pretending to be a biz owner...says what now?


LOL ... are you pretending to be a business owner?

Look. We disagree. You have no idea about me. Your simplistic views of how national economic policies work are conditioned by your political beliefs.

I own a business (co-own) that employs twelve people; I pay the lowest paid staff member over twice Federal minimum wage.

In a few days, I'll book a $100K + profit for the second year in a row.

If you don't know how to run your business in the realities of the modern world, start another.

Your current sniping at me just makes you look childish.



posted on Dec, 25 2015 @ 01:20 PM
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In other news ... did anyone here responding actually bother to read the Letter from the San Francisco Fed ... or are you all just taking "The Blaze's" word for what it says?

Here's the actual conclusion of the Letter's research summary ...


Thus, allowing for the possibility of larger job loss effects, based on other studies, and possible job losses among older low-skilled adults, a reasonable estimate based on the evidence is that current minimum wages have directly reduced the number of jobs nationally by about 100,000 to 200,000, relative to the period just before the Great Recession. This is a small drop in aggregate employment that should be weighed against increased earnings for still-employed workers because of higher minimum wages. Moreover, weighing employment losses against wage gains raises the broader question of how the minimum wage affects income inequality and poverty.


Federal Reserve Bank of San Francisco



posted on Dec, 25 2015 @ 01:21 PM
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a reply to: BatheInTheFountain

Please read what I wrote, and reply to it rather than just ranting!

lol's

I am saying anyone making under $250K is already paying to much! Those making more should be carrying more of the burden, like waltons of walmart, costco, oil, banks, wall sreet and etc.




edit on 25-12-2015 by AlaskanDad because: (no reason given)



posted on Dec, 25 2015 @ 01:21 PM
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originally posted by: Gryphon66

originally posted by: BatheInTheFountain
a reply to: Gryphon66

Fraud who's pretending to be a biz owner...says what now?


LOL ... are you pretending to be a business owner?

Look. We disagree. You have no idea about me. Your simplistic views of how national economic policies work are conditioned by your political beliefs.

I own a business (co-own) that employs twelve people; I pay the lowest paid staff member over twice Federal minimum wage.

In a few days, I'll book a $100K + profit for the second year in a row.

If you don't know how to run your business in the realities of the modern world, start another.

Your current sniping at me just makes you look childish.


And your "sensitivity" on the side of government in favor of OVERNIGHT (with respect to quarterly earnings) legislation makes you look downright FAKE.

So what you made a profit? So have I. Your bragging and soapbox stance makes you look like a cutthroat DOUCHE who will probably step over his mother to show up in the black for the 1st quarter this year.

Kudos jetsetter! !
edit on 25-12-2015 by BatheInTheFountain because: (no reason given)



posted on Dec, 25 2015 @ 01:26 PM
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a reply to: Gryphon66

And to you, if a biz owner has complaints about gov intervention and policy, you immediately assume he has a "failed" business.

From the sound of it, I bet your business gets huge subsidy, knows all the loopholes, maybe even has GOVERNMENT contracts??

I smell a Corporatist...



posted on Dec, 25 2015 @ 01:28 PM
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a reply to: BatheInTheFountain

I have not advocated for any "overnight" duplication of the Federal minimum wage.

I suggest that you read the linked article if you want to actually understand what the Fed stated (you know, the topic here).

You're really just not making any sense. You're the one who tried to make this "personal" and I just stated facts to you in return. I have always either been an employee of small business, or now, a co-owner of one.

Take your ridiculous politically-motivated sputtering somewhere else. If you don't want to discuss facts, don't.

Paying employees a living wage (or better than) increases their productivity and commitment. Perhaps you should try taking business advice from something other than the "Glenn Beck School of Economics" for a change.

Or, lay off the Christmas cheer for a bit ... you seem to be over your limit.



posted on Dec, 25 2015 @ 01:32 PM
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a reply to: Gryphon66

So to remedy my "personal attacks"....you attack me personally....awesome.

And P.S. I hate Glenn Beck

Now which NGO, non profit, medical industry, education sector....gubernment subsidized outfit do you work in?



posted on Dec, 25 2015 @ 01:32 PM
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originally posted by: BatheInTheFountain
a reply to: Gryphon66

And to you, if a biz owner has complaints about gov intervention and policy, you immediately assume he has a "failed" business.

From the sound of it, I bet your business gets huge subsidy, knows all the loopholes, maybe even has GOVERNMENT contracts??

I smell a Corporatist...


LOL ... but you can make baseless assinine comments about me and my business as you wish? LOL, you're a flagrant hypocrite, sir. I was actually giving you the benefit of the doubt, but now I have sincere doubts about your business knowledge. Everything you say seems parroted from the likes of The Blaze ... and not based in the real world at all.

Nope, no "guvment" contracts here (though you seem really familiar with them).

What do you do anyway? Lead a crew of ditch diggers?



posted on Dec, 25 2015 @ 01:34 PM
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originally posted by: BatheInTheFountain
a reply to: Gryphon66

So to remedy my "personal attacks"....you attack me personally....awesome.

And P.S. I hate Glenn Beck

Now which NGO, non profit, medical industry, education sector....gubernment subsidized outfit do you work in?


Don't start none; won't be none.

PS: Take a nap. I'm not going to take advantage of someone not in control of their faculties.



posted on Dec, 25 2015 @ 01:38 PM
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a reply to: Gryphon66

Your posts keep hinting at me being firstly a "Republican"...which I'm not...then a Glenn Beck fan...which I have never watched.

You keep sounding more and more like someone who has personal favor toward government intervention in business.

Who are you shilling for?

Lemme guess. NGO guy? Education? Medical devices? Insurance?

Because the guys I know in those industries usually sound just like you sound.

Who scratches your back?
edit on 25-12-2015 by BatheInTheFountain because: (no reason given)

edit on 25-12-2015 by BatheInTheFountain because: (no reason given)



posted on Dec, 25 2015 @ 01:39 PM
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Back to the Federal Reserve letter again ... you know, the topic of the thread?



Of course, the labor market is more complicated. Most important, workers have varying skill levels, and a higher minimum wage will lead employers to hire fewer low-skilled workers and more high-skilled workers.


Anyone want to discuss the actual, you know, realities of the situation?



posted on Dec, 25 2015 @ 01:41 PM
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a reply to: Gryphon66

Who scratches your back? Local or Federal?



posted on Dec, 25 2015 @ 01:43 PM
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a reply to: BatheInTheFountain

Your take on business realities, whatever the source, is very simplistic.

Let's focus off our personal disdain for each other for a moment ...

What do you pay your lowest-paid worker? Minimum? Off the books in cash?

You like to ask questions and make it personal, but don't like it when that gets turned on you.

So, how about it. Tell us about your business?



posted on Dec, 25 2015 @ 01:44 PM
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a reply to: Gryphon66

Answer mine first. What industry are you in and who is scratching your back??



posted on Dec, 25 2015 @ 01:44 PM
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originally posted by: BatheInTheFountain
a reply to: Gryphon66

Who scratches your back? Local or Federal?


Who scratches yours? I receive no Government funding of any kind; you seem VERY familiar with the ends and outs of that though.

Let me guess, you got underbid for your last ditch-digging County job and you're sore about it?

What happened, did your guys lose the last election? LOL
edit on 25-12-2015 by Gryphon66 because: (no reason given)



posted on Dec, 25 2015 @ 01:47 PM
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a reply to: BatheInTheFountain

I own a real estate brokerage that is involved in individual and commercial sales and resort property management.

Now, how about you? What "business" are you in?

What do you pay your staff? How many do you have? Is it all "in cash"?

What is your own salary in comparison to theirs? Ten times?

Come on now ... fess up.
edit on 25-12-2015 by Gryphon66 because: (no reason given)



posted on Dec, 25 2015 @ 01:48 PM
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a reply to: Gryphon66

Wow...disdain for ditch diggers. Twice.

Not my industry though. But your smugness toward labor is noted.



posted on Dec, 25 2015 @ 01:49 PM
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originally posted by: Gryphon66
a reply to: BatheInTheFountain

I own a real estate brokerage that is involved in individual and commercial sales and resort property management.

Now, how about you?


Lol....okay Trump



posted on Dec, 25 2015 @ 01:51 PM
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originally posted by: BatheInTheFountain
a reply to: Gryphon66

Wow...disdain for ditch diggers. Twice.

Not my industry though. But your smugness toward labor is noted.



Yep, about what I thought. Nothing to back up anything you say.

You take what you know about business from your favorite radio show.

Disdain for labor???? What a joke. Says the guy who wants slave wages for workers.



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