Comments by "whyamimrpink78" (@whyamimrpink78) on "Rush Thinks Government Shutdowns Are Popular" video.
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BadBadManners Dr. Dube? Really? As I said, watch the video. It gives a lot of citations that are against the min. wage. That is opposed to the huffpost which cherry picks a lot of what they post. When you break down the argument point by point there isn't a reason to even having a min. wage. Here are some of those points
1. Economist agree to raising the min. wage-not true, most don't. You will find some but they are usually frauds. Most poles show that economist don't support the min. wage. There are way more than 600 economist in the US, but if you want to bring that up there is this http://dailycaller.com/2014/03/13/over-500-economists-against-federal-minimum-wage-increase/ . There are some things they agree on, as in a small raise will have little effect in employment, but when broken down most economist either don't want the min. wage increased, want it lowered, or want it removed. Only a minority want it raised. The issue goes deeper than that though. The min. wage, especially how small it is in the US, is one tiny fraction of the US economy. It is not a major issue in the eyes of economist as compared to taxes, NAFTA, the gold standard, etc.
2. Min. wage workers are poor-not true in the big picture. The average household income of a min. wage earner is over $47,000/yr. Over 90% of parents earning $10,000 or less have a spouse who earns $20,000 or more, with %50 of them having one that earns over $40,000. Min. wage workers are not these poor individuals trying to raise families.
3. Businesses will pay low if there were no min. wage-not true. 3/4 of min. wage workers earn a raise within a year. Less than 5% of workers earn at or below the min. wage. Businesses are paying above the required min. due to competition.
4. Businesses can afford to pay more-Not true. Those businesses, especially in restaurant are on thin profit margin. They simply can't afford it. Look up Herman Cain talking to Clinton in 1994. He crunches the numbers in how being mandated to pay for health insurance would hurt his business. It is the same effect, a new expense.
I can go on, but point by point, when broken down there isn't a reason to even have a min. wage. But it comes down to, if the min. wage had no negative effects, than why not $100/hr? I am willing to support having no min. wage in that there isn't a reason for it, so why not $100/hr? People who don't support $100/hr do so knowing there are negative consequences for even having a min. wage, but feel that the positives outweigh the negatives. I feel there aren't any positive effects of having the min. wage and there is data to support it, such as in how they are not poor and businesses do pay more.
PS-Earning a PhD is a lot of work. While I like to display my ideas on YT, I do need to spend more time studying and doing research.
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BadBadManners
1. http://people.uwec.edu/jamelsem/fte/fte/efl/teacher_stuff/articles/economists_agree.pdf
Look at Table 3, there is other info in there as well
http://www.realclearmarkets.com/charts/10_things_economists_believe-44.html
2. https://www.epionline.org/wp-content/studies/sabia_burkhauser_09-2008.pdf
https://www.epionline.org/studies/r132/
Re-reading those sources shows I as a little off on the numbers, but in the big picture min. wage earners are not poor.
3. http://www.bls.gov/cps/minwage2012tbls.htm#1
http://www.bls.gov/cps/minwage2012tbls.htm#10
4. Fast food restaurants are franchised. Those owners make little from the money they receive after paying bill, franchise fees, workers, taxes and so on. They may earn around 5 cents for every dollar they get. Plus, demanding less profits means less investment and overall less growth. Look at how many McDonalds there are. Same is with Walmart. Walmart could pay their workers more but that would mean they will have to close down some of their stores (I have around 6 Walmarts in my city, they can go down to 2 like Costco does), that means less jobs. They can only be open during peak hours which means less jobs and that makes it harder for those who can only shop at night to get what the want. It also means longer lines at checkouts. Walmart could do that if they take in less profits, or they can invest and grow.
It isn't Walmart's fault that those workers refuse to improve their situation. Walmart can always fire them. Walmart didn't have to give them a job.
And at one point Walmart did support a higher min. wage knowing it would hurt smaller businesses it competes with.
PS-Yes, I am pressed for time most of the time.
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