Raising the minimum wage would destroy the econ-

>raising the minimum wage would destroy the econ-

Other urls found in this thread:

washingtonpost.com/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/
bls.gov/regions/west/news-release/consumerpriceindex_seattle.htm
en.wikipedia.org/wiki/Homelessness_in_Seattle
youtu.be/fVaLmnUZOjQ
washingtontimes.com/news/2014/apr/1/imposed-minimum-wage-hikes-hurt-economies-in-ameri/
forbes.com/sites/timworstall/2016/04/24/the-american-experience-of-a-too-high-minimum-wage-employment-down-by-35-gdp-down-by-23/#2d3246365c1c
pireport.org/articles/2016/12/19/american-samoa-min-wages-set-go-2018-tuna-exports-dropping
trutv.com/shows/adam-ruins-everything/blog/adams-sources/adam-ruins-the-economy.html
nytimes.com/2017/06/26/business/economy/seattle-minimum-wage.html
twitter.com/SFWRedditImages

>actually believing the lies

Shh, don't post facts. You'll trigger the Republicans.

No idea why pol claims to be anti globalist but doesn't support a living wage. Pol is full of a bunch of good goys.

the funny part is that making $12 or whatever they raised it to in those areas is worse than making $9 where i live

same with the facebook employees making 120k but the houses are +1M

Are people moving out?

>thinking economics is empirical
>thinking the minimum wage can do anything other than increase unempoyment
you need to be physically removed

>claiming he has better data without showing it

>arguing with feefees
If you think the data lies, why don't you provide a legitimate counterargument? Anime smugposting will get you nowhwre

>what is inflation

That's exactly why they raised wages in the first place. The cost of living was too high to justify a $9/hr minimum wage, so they voted to raise it.

Sillico Valley and The Government.
Nice selection bias cunt.

Do you have an example other than seattle?

>thinking unemployment rates have ever been effected by minimum wage hikes
You don't know anything about economics and you need to leave.

Yeah we have consistently raised our minimal wage and things couldn't be better.

Why do you hate it?

No, in fact Seattle's population increases have been pretty significant in recent years

>Anime picture

i live in seattle and its been a mess here. homelessness is skyrocketing. no ones unemployed b/c everyone works 22hr weeks.
2 people work what use to be 1 persons job. simple as that. but everyone only works 22hrs so everyone sleeps in there cars now. my street fills up with people sleeping in there cars every night.

washingtonpost.com/news/wonk/wp/2017/06/26/new-study-casts-doubt-on-whether-a-15-minimum-wage-really-helps-workers/
you'll just ignore it and point back to your phony labor stats

The inflation rate in Seattle between 2016 and 2017 was 2.5%, well within healthy levels. Any other retarded guesses?

bls.gov/regions/west/news-release/consumerpriceindex_seattle.htm

2.6% unemployment in San Francisco? A good tenth of the city's population is strung out on dope living and shitting in the street.

>living wage

What do you do for work, Gomrade? How much do you pay your employees?

It's almost laughable that these mongs can't figure out that minimum wage is just a way for the status quo to raise the barrier of entry for any potential competition, but then again, if they're looking for uncle (((Bernie))) to raise minimum wage to 10$ because they think that'll make them successful in life, they're sort of proving they're hopeless losers anyway.

>silicon valley
>Washington state
>minimum wage
Literally retarded.

Its not as bad when you have a city that is booming like Seattle. I do commercial hvac in Seattle and make $130k a year plus an extra $20k in side jobs this year. Sounds like a lot but real estate is fucking ridiculous here. Seattle can make it work because we have Microsoft, Amazon, and Boeing paying us so much.

...

I picked Seattle because chicken little s on Sup Forums shrieked about the sky falling when Seattle introduced legislation that would increase minimum wage to $15/hr

But go ahead, try and fine 1 (one) example of a minimum wage hike that resulted in any sort of economic turmoil

>anecdotal evidence
Stop arguing with your feelings, retard

raising the minimum wage = socialism

>thinking that correlation implies causation

Demand slopes downward, supply slopes upward. The more expensive something is, the less you want to buy of it. The more something sells for, the more you want to sell of it. Duh.

The price and quantity of labor bought/sold are found at the equilibrium point where the supply and demand curves cross. There is no unemployment here because every unit of labor supplied is bought.

Now imagine a minimum wage below the equilibrium point. It would do nothing at all because labor was already worth more than that.

Now imagine a minimum wage above the equilibrium point, as in pic related. More people would enter the workforce and those already working would want to work more hours for that sweet moolah. But what about suppliers? They want to buy less labor because it's more expensive.

The higher horizontal line is the minimum wage when it's working. The gap between the point where the line crosses the supply curve and the point where it crosses the demand curve = amount of unemployment, i.e., units of labor supplied but not purchased.

OP's pic means nothing because the prevailing rate of unemployment has nothing to do with how the minimum wage works and what is does.

>tl;dr minimum wage is designed to produce unemployment. If it's not producing unemployment it's not working.

>WaPo
Fake news.

Yea which class though ? Seattle is tailored for rich tech yuppies the working class was moved out to make room for aforementioned rich tech yuppies by the increasing cost of living along in conjunction with minimum wage. Also the rate of homelessness has been steadily increasing en.wikipedia.org/wiki/Homelessness_in_Seattle

>unemployment rates are accura-
youtu.be/fVaLmnUZOjQ
*sips tea*

Sorry, this board is for adults only. Please kindly return to Reddit.

>adam ruins everything

>The study, published as a working paper Monday by the National Bureau of Economic Research, has not yet been peer reviewed.
Stopped reading here desu

nice argument dotard

This image is meaningless.
There are countless examples of the minimum wage destroying economies.
Look at American Samoa.

You clearly don't know how labor statistics are calculated. Most homeless people are not actively seeking employment, so they aren't counted.

Seattles Minimum Wage law started in 2015 you fucking idiot. Your chart shows a downward trend since 2010. Coincidentally TWO YEARS after the market crash.

Now neck yourself fucking Hippie

They have been look up what happened to American Samoa and chicken of the sea.

Also in Seattle they haven't raised it high enough to cause unemployment.

Abolish the minimum wage.

>he thinks posting an unironic liberal shill is an argument
Look at him and laugh

>economic change is attributable to one variable

This. All the ignorantittle chickens shrieking about $15/hr minimum wage are too stupid to realize people in big cities are willing and able to pay that much for labor

Prove him wrong ill wait

>implying automation can be stopped in any way
You still haven't shown why raising minimum wage is bad for the economy

Here it's Chile minimal wage.

We raise it in congress.

Hes a liberal shill so he's automatically wrong

This shit again?

doofusanon here. Why the fuck woud you want to produce unemployment?

This it's compared to our GDP.

>Trusting Seattle and San Francisco's employment numbers
>Where the kikes heading tech have been cooking the books for years now

hahahahahahaha

To extend on this point
If you were to make a $15 minimum wage state wide, it would absolutely destroy jobs. There are a lot of small towns in Washington. Without Seattle, it would be a red state.

Because employers can't employ people at a certain price point.
Also see:

>minimum wage is designed to produce unemployment. If it's not producing unemployment it's not working.
Explain why minimum wage hikes never result in unemployment spikes, professor.

>the current state of racists

As you can see raising the minimal wage hasn't reduced our GDP, on the contrary.

Check and mate atheists.

They do though.
washingtontimes.com/news/2014/apr/1/imposed-minimum-wage-hikes-hurt-economies-in-ameri/

forbes.com/sites/timworstall/2016/04/24/the-american-experience-of-a-too-high-minimum-wage-employment-down-by-35-gdp-down-by-23/#2d3246365c1c

pireport.org/articles/2016/12/19/american-samoa-min-wages-set-go-2018-tuna-exports-dropping

>Believing the forbes jew.

Why someone would do this?

Actually i just watched the video provides zero sources to back up his claims so i refer you to my original point

>reddit_wojak_brain2.jpg
this better be ironic

>Liberals are intelli-
>Liberals are not easily manip-

>so they aren't counted.

Typical Marxist bullshit. Just call it something different and it's not the same thing.

You're halfway there to being honest about the fact that (((unemployment))) figures are just whatever politicians say they are based on who they do and don't decide to count to advance whatever agenda they're trying to prove.

In short. Fuck off to San Francisco if you think it's such a paradise, nobody is stopping you, but don't try to project your delusions on us humans.

trutv.com/shows/adam-ruins-everything/blog/adams-sources/adam-ruins-the-economy.html
[spoiler[LOL[/spoiler]

>not understanding that this has been reported in countless other places
>supporting a jewish policy like the minimum wage
Enjoy your jew cartel corporations.

Homelessness has been increasing all over the country. Homelessness in Seattle has been rising at the same rate as everywhere else. You are ignoring the bigger picture.

seattle is a very, very white city.

You don’t want 100% of the population employed at any given time. Makes for stagnation since there’s no competition for job openings

>woah a whole load of part time employees

What works for civilized whited and what works for island pygmies are two entirely different things, retard. How about post an example from the civilized world?

>trutv.com/shows/adam-ruins-everything/blog/adams-sources/adam-ruins-the-economy.html
Oh wow he doesnt source a single government agency go be a retard somewhere else

Is that in fucking Zimbabwe dollars?

You wouldn't, only Satan and his minions like the minimum wage

>nytimes.com/2017/06/26/business/economy/seattle-minimum-wage.html
>The University of Washington researchers found that the minimum-wage increase resulted in higher wages, but also a significant reduction in the working hours of low-wage earners.
Basically, they limit the number of hours one can work without having to fire them.

These are your own people saying this doesn't work.

10 bucks you won't rebuke this post because you can't.

I'm telling you that we raise it regularly and everything it's fine.

Don't be an idiot, I gave you an example of it working and you still refuse to acknowledge that it does.

I can't help what happens next.

> $15/hr??? Unemployment will skyrocket!!
> well maybe it didnt, but look at some jungle pygmies! They're not living so well!

>Seattle
only nearly 30 years too late.

The problem is that minimum wage is created because of supply and demand lowering wages due to our idiots encouraging mass immigration. You have illegals willing to work for literally nothing because they don't know any better, so they get abused to fuck.

End mass illegal immigration and you won't need minimum wage. It's an endless battle that is only causing price increases in other areas because you have two problematic policies. You want the cheap labor but you also don't want these people living in tents in front of your home, hence giving them "living wages" (living wages, bahah).

Find 1 variable regarding Seattle's workforce that isn't ideal.

Also you didnt even source the right episode faggot this one is talking about paying taxes not unemployment

There are so many factors you are over looking.

1. Cal is done, and everyone with money is moving to Seattle, Colorado or Texas.

2. This is the Venezuela argument. Things look good at first but in time it will turn out bad like evey other time government gets involved in business.

3. Op suck a dick

>What works for civilized whited and what works for island pygmies are two entirely different things, retard
AHAHAHAHAHAHAHAHAHA

>the laws of economics magically effect different races differently
holy fuck you are so in denial
Is this ACTUALLY your argument?
AHAHAHAHAHAHA

So if the minimum wage is increased past the point that employers can pay in a WHITE area it won't effect them whatsoever?

...

saged

1. That's not true. See
2. Because the real world is not a laboratory and you can't hold everything else constant, so
3. It wouldn't matter.

"Empirical economics" is a steaming pile of post hoc ergo propter hoc fallacies. Embarrassing!

They're not paying $15/hour at every minimum wage store yet. Come back in 2020, that goes for those who say it's killing the economy.

The unemployment rate is based on the people receiving unemployment benefits

>I'm telling you that we raise it regularly and everything it's fine.
You only raise it slightly, if you raised it further it would cause massive harm.

Also you only posted like 2 data points, one of them being irrelevant(GDP).

>Don't be an idiot
I just showed you empirical evidence of the minimum wage destroying an economy.
How BTFO can you possibly be?
kill yourself

You haven't shown where every minimum wage business is paying $15/hour.

Funny thing. My sister used to live in SF and thought the same thing. Then she had to live in some dudes garage for 3,000 dollars a month. She decided to leave SF after college.

>the laws of economics magically effect whites differently than other races
Holy fuck you are honestly this stupid.

What happens when they raise it to $20 an hour? You don't think that would cause unemployment?
How the fuck are small businesses supposed to pay that?
kys kike

You shitting me.

Yes the increase it's minimal but in that way we don't anger the capitals (the only reason your example didn't worked)

It's not an economic law that it doesn't works, it entirely depends on your oligarchs.

>They're not paying $15/hour at every minimum wage store yet.
source?

His point went right over your head, didn't it? Ever wonder why the cost of living is higher in these places?

Sure, seattle is great if you ignore all of the homeless, but every suburb in every direction has become a dilapidated den of heroin.

Until you retards learn basic economics I'll keep posting this shit

Does property tax affect apartments cost?

>Yes the increase it's minimal
That means you are wrong then. lol

>but in that way we don't anger the capitals
Exactly, you didn't raise it enough to the point it would cause mass unemployment.
But it still does cause SOME unemployment.

>It's not an economic law
Yes it is and it's already been proven in this thread.
Stay mad shitskin.

>it entirely depends on your oligarchs.
REALLY?
So if you raised the minimum wage to 50 dollars an hour it wouldn't cause any unemployment?
Are you actually this fucking stupid?

>mfw my wife's son's father had to turn down a job in Frisco that paid $150k a year because it's not enough to live on in that area

>"WTF provide sources"
>*provides sources*
>"NOT THOSE SOURCES"
Everything he says is written by a team of professional researchers and is heavily scrutinized by professionals in the area. He literally made an episode where he went over his past mistakes, and there wasn't anything major. This is saying that the unemployment rates are fucked and are not worth sourcing like OP did. What is upsetting you here?

They're talked about in the same episode you mouth-breathing retard.