Comments by "Xyz Same" (@xyzsame4081) on "Face the Nation" channel.

  1.  @RiiSchob  Miminum wage is an issue that has been highly controversial. There is enough data and studies (you bet there are), but that does not matter - the ideologues warm up the same disproven arguments time and again. Entrepreneurs that are into PR and hate spending money on their employees or the smaller owners with a persecution complex will often assist by delivering the gloom and doom predictions. Which do not come true of course. There are STUDIES however: In most cases a raise of minimum wage turned out to be neutral or slightly positive for employment - or rather these was what could be observed (correlation is not causation). There are rare cases (in those real life "experiments") when unemployment rose a little bit after the minimum wage went up. Let me repeat: it almost never is negative (either unemployment goes down a little bit, or there is no change) That does not support the expectation that the rise would cost jobs (that is the only legitimate pretext / rational to deny a "living wage". concern trolling about the alleged loss of jobs - to convince the workers to not fight for their interests. If a biz is already having a hard time, the higher wages can be the straw that broke the camels back - anecdotes do not equal a comprehensive academic assessment. In the rare cases it is of course not clear that it was caused BY the higher wages. the rise in unemployment was also not dramtic, so that is no justificantion to keep wages down. CONSUMERS have their disposable income from wages. And when the money is not as tight they feel more optimistic, that is GOOD for the economy.
    6
  2. 1
  3. 1
  4. 1
  5. 1
  6. 1
  7. 1