Comments by "whyamimrpink78" (@whyamimrpink78) on "Minimum Wage Protests Break Out In 270 Cities" video.

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  26. +Ylze Tyr 1. No you didn't. The only source out there that moderates Neumark vs Card said there was no "discernible effect" on employment. That is because, as I said before, and so did Christina Romer, the min. wage is small compared to the overall economy and thus any negative effect gets lost in the statistical noise. It is similar to throwing an ice cube in a bath tub of hot water and claiming ice does not cool water. 2. You gave one source and then told me not to criticize it. So I am not allowed to criticize sources but you are? I gave you several, some that quoted economist. Some that broke down the statistics. I know that some things are hard for you to comprehend, but at times I don't think you even try. 3. I admit it wasn't the best source, but still better then what you provided. 4. So when you see a graph of disposable income you cry foul and say it has no context? But you can mention overall productivity and say it is all right even though you gave no context? I told you overall productivity is going up. I showed you BLS numbers that showed that not every job saw their productivity go up at the same rate. I told you about Skilled Biased Technological Change. I took you productivity argument and broke it down. But when I show you data of disposable income you say " the fourth link shows that disposable income has increased but again, gives no context whatsoever; it doesn't compare it to anything else like the rate of increased productivity. " That is it. What it shows is something I have been saying a long time. Increase productivity means more goods and services that are better and cheaper. It means that while people are supposedly earning the same or less according to you, they are getting more bang for their buck. So much so that they have more left over. You criticized me for cherry picking when you 1. Showed compensation without any context 2. Said areas that raised the min. wage saw job growth as if they are directly related with no other variables 3. Looked at overall productivity and felt that the min. wage jobs contributed in a large way You really need to do a lot more research. Facts are stubborn things.
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  40. +kristabella222 I based that $4.50 off of the cost of living in my city. If you have four adults living in a one bedroom apartment, all splitting rent and utilities evenly, and paying for their own healthcare, and gas (if they even drive), and food, then you have $4.50. And 4 people living together is not extreme. It happens. People go farther to save money. I knew of 3 guys in a studio. My co-worker while living in so cal going to college lived in a 2 bedroom with 11 other guys. That is why the "living wage" is subjective. What businesses are seeing huge profits? You might be able to point towards a few corporations (who have to keep shareholders happy mind you), but that is it. Even at that, if you were to look at Walmart, they are at 3--5% profit margins. Most businesses work off of very thin profit margins. They simply can't afford higher wages. On stagnate wages, you have to 1. Look up Skilled Biased Technological Change 2. Businesses pay more in healthcare benefits 3. Consider that for the past few decades women involvement in the workforce has increased 15% since the 70s, men has dropped around 10%. Men get paid more than women (another topic all together) 4. Productivity increase means more wealth and cheaper goods and services that are better. Consider that you smart phone has more computing power than what put a man on the moon in the late 60s. People have more wealth overall 5. Disposable income is 7 times higher than it was in the 70s. While people may seem to be earning the same wage, as a whole they are not. "When wages are higher people have more disposable income which stimulates the economy. " Stimulate what? Buying 2 dozen eggs instead of one for the month? That does not grow the economy. That is why there is not many, if any politician that supports raising the min. wage based off of growing the economy. Even Christina Romer said raising the min. wage will, at best grow the economy. 0.02%. Now this is not to say that all has been good. I for one want to improve the situation as well. But to say it has all been bad, and to basically give out, at best deceptive information (and really wrong information in several ways) is not the solution to take. And with the min. wage, considering it has never been linked to any economic growth, but has been linked to job loss and price increases, it is not a route to take.
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