Minimum wage increases do not predict inflationary rates or employment-population ratios, a new report by anybody with an Internet connection, some free time, and LibeOffice Calc, could have come up with.
https://www.scribd.com/doc/310117157/Correlation-Between-Change-in-Minimum-Wage-and-Inflation-Also-Unemployment
So now that centuries of economic "theory" have been soundly refuted by empirical data, can we move on and discuss just how how the new minimum wage ought to be?
Your interests don't matter, a new report by trustafarians across /pol/, retorts. You haven't earned your wealth by being born into it like we have.
>>71760849
so long, farewell, Auf Wiedersehen, goodbye
>>71760849
>scribd
>>71761991
>implying this is a bad thing
Now nobody has to do that shit work.
>>71762088
This is like looking at a YouTube upload someone made of a CNN article and then responding with
>YouTube
It's lame. You're basically conceding at that point.
>>71760849
How does this "3 of 15 pages preview" refute anything?
>>71762194
No, it's not. It's more like someone posting an argument and citing politifacts.
oh this meme again
>>71762449
If you actually look at it, it cites the Department of Labor and the Bureau of Labor Statistics, so, yeah, uh, not really.
>yfw you have to use these mental gymnastics to pretend that they do cause inflation/unemployment
>>71762634
>implying /pol/ is gonna believe government statistics
>>71762127
It's a good thing but even if they also automated the food making process that doesn't mean the people that clean up should be getting $15 an hour. The supply of talentless masses is too high to demand anything above $10 an hour for the majority of entry level positions.
>>71763011
>if it's not from stormfront it doesn't count
You're right. I expected /pol/ to be rational.
>>71761991
>implying workers weren't already going to be phased out by this tech
Wake me up when we get self flipping burgers. Till then, you need to pay me $15.
>uncited scribd document by some random guy
you sure showed us anon
>>71763250
>uncited
Did you even click on it you retard?
>>71763136
>The supply of talentless masses is too high to demand anything above $10 an hour for the majority of entry level positions.
Why? We don't have to kowtow before muhfreemarket if we dont' feel like it, after all.
>>71760849
>https://www.scribd.com/doc/310117157/Correlation-Between-Change-in-Minimum-Wage-and-Inflation-Also-Unemployment
Minimum wage should be $0.00. Market forces will determine the value of labor.
Also, if you are doing a minimum wage job and over the age of 19....please kill yourself. Your life isn't going to be worth living.
>>71760849
>implying government mandated wages weren't coming at the back end of market labor values increasing
If company x pays employees 7.25 an hour as a company set minimum wage and company y pays employees 10.00 an hour while both companies are in the same market for labor (low skilled wage) and operate at similar margins in a similar market, then company x has to raise their company minimum wage to stay competitive with the local labor market. So, the government raising the minimum wage to 8.00 doesn't affect that market at all because the free market of labor valued labor at higher than what the government did, only problem is now people who are disabled and such and are half as productive can only negotiate at at least 8.00 an hour and are going to be more dead weight subsidized by the government (read: you and I.)
If the market is pushed into significantly higher wages (à la a double in min wage) then it would fuck up the labor market and currency value.
TL;DR: government mandates should coincide with market standards instead of enforcing them
T. Somebody who was raised on a $10.00/hr job at a grocery store
>>71760849
Oh, it dosent cause unemployment? Then when why did Obama care cause unemployment and cut nearly everybody back to part time workers to hit that loophole so they dont gotta pay med insurance.
LOLBERGSTEINIANS ON SUICIDE WATCH
>>71760849
Do some independent research u faggot. Don't even have know u 2 know u r a liberal retard
>>71760849
1) minimum wage does cause unemployment by creating an artificial price floor on labor.
2) minimum wage is a response to government/central bank caused inflation.
>>71763516
>Obamacare is minimum wage
>>71763872
>1) minimum wage does cause unemployment by creating an artificial price floor on labor.
[EMPIRICAL DATA NEEDED]
>Minimum wage increases don't cause inflation or lower employment
so why not raise the minimum wage to 100 dollars an hour?
>>71763901
>Obamacare made businesses pay more money so they found loopholes to keep from paying more money.
Retarded?
>>71763182
Best start waking up
http://www.gizmag.com/hamburger-machine/25159/
>>71760849
>>71763136
So? Replace all talentless masses with robots, grind up the masses for food. Problem solved.
But all of those things happened in seattle where it was increased?
>>71761991
Not going to be wide spread because people still prefer human interaction, also you're going need people to supervise the machines who aren't mechanics or managers in case a customer fucks up their order.
>>71764094
>when the empirical data comes out, marketfriends reveal their secret weapon: cartoons
>>71763182
A: you are stupid b:they don't flip burgers at most fast food joints nowadays, they press them
>>71764393
Fighting for 15$ minimum wage is like saying we need to give everyone a new car for the fuck of it. You can live off of 7.25 an hour is you aren't stupid. And if you are 35 and still only getting minimum wage, you aren't worth the trouble to train anyway.
>>71760849
why don't you ask ausfailians what they've gained from it
>>71764187
Robot spotted.
>>71760849
Is it peer reviewed? Can only see 3 pages
>scribd
>"AN ESTIMATED PREDICTION OF WHAT MIGHT HAPPEN"
Here is my counter argument
http://www.cbo.gov/sites/default/files/cbofiles/attachments/44995-MinimumWage.pdf
>>71764492
Hey look, our conservative friend is an expert at the inner workings of fast food restaurants.
Tell me, do you typically make the fries or serve the food to the drive-thru?
>>71764246
>people prefer human interaction
lmao. the self-checkout lines are always busy at my grocery store. nobody gives a shit if some acne-ridden teen is the one writes their order down.
>also you're going need people to supervise the machines
one person per joint, to be exact
>in case a customer fucks up their order.
these machines are designed to be retard proof.
>>71764813
>people can't have experience in min wage jobs during teen years
You're a judgmental prick.
>>71760849
Dude if you just use your brain for 5 seconds you'll know that increasing minimum wage can't be the solution to wealth inequality.
If it were, lets just give everyone a 100$/hour minimum wage and that'll be the end of money problems for everyone forever
>>71765024
>calls people stupid
>whines when they make fun of him
ok
>>71764662
Pretty gud, im 19 and earn 15 didgeridollars per hour in retail, although a lot of things are more expensive, I still say that you could probably rent out a room in a shared home with the wage i earn.
>>71763505
Say a man working at a tech company making $16/hour and burger flippers $7.25/hour at present in NYC.
Over the span of two years (as the NYC law makers have predicted) the min wage will increase gradually to an end goal of $15/hour.
Over the course of those two years the tech man will get a 3%raise every year so hel be making $17/hour now.... but his compatriots in the burger king 20 floors below him will suddenly be making 2 dollars less than him - putting both jobs on an almost equal level.
Tech man worked hard for a degree and is now getting fucked by the system.
Fuck that.
>>71765250
>back in mah day, working for a fast food company sucked
>that's why it has to suck now
>>71764246
People want human interaction in restaurants and high-end stores, not in grocery and fastfood stores.
>>71765509
>lets glorify serving fast food
a job that can be acquired without any previous work or achievement does not deserve the attention it is getting.
>>71760849
>government forcing companies to pay a certain wage does no harm to the economy or poor people
fucking libs complain about niggers not having jobs while they push niggers out of the market
>>71760849
50/hr. Because fuck it, why not right? The lowest wage earners suddenly bumping up to 100K a year won't affect inflation or whatever economic bullshit you said.
> checked with a calculator friend, can't be wrong.
>>71764393
I support minimum wage increases because it forces businesses to automate things.
>>71760849
According to this data:
the main thing I noticed is the only time when there was a significant correlation was in 1950 when the minimum wage was raised from $0.40 per hour to $0.75 per hour (85% increase).
This is the most significant percentage increase in minimum wage in history.
This has never happened again, but the one time it did, it had a negative effect on unemployment for about 5 years.
Now what berniggers are proposing is to increase the minimum wage by 100%.
I think you kinda beat yourself the fuck out, OP.
Nobody has to be poor anymore. THANKS SCIENCE!
>Fight for $15 an hour
>What could possibly go wrong?
McDonald's is rolling out self-service kiosks in restaurants across the US that allow customers to order and pay for their food without ever having to interact with a human.
http://www.businessinsider.com/what-self-serve-kiosks-at-mcdonalds-mean-for-cashiers-2015-8
>>71768406
Out of curiosity, I'd like to see the correlation between these factors and the labor force.
>>71763182
Mexicans can flip burgers senpai
REMINDER 2% OF PEOPLE ON MINIMUM WAGE ARE FULL TIME EMPLOYEES
NON ISSUE
>>71768707
Well to be fair we got those self service kiosks in Moscow too. And mcdonalds pays something like 400$ month
>>71761795
How can we get rich being common plebs?
>>71760849
It's the cause of unemployment. If there was no unemployment, unions, or regulations anyone could get a job if they wagered themselves lower.
>>71760849
Bahhhhahahaha!keep clinging to the dream that you will one day become anything more than a poor shitbag by working babys first job jobs.
>>71760849
Ok...
So let's just raise the minimum wage to 100 dollars an hour then.
Oh.... that wouldn't work? Why not? You said it has no effect on employment rates or inflation...
Okay... how about 80 dollars an hour?
See. You liberals are always affraid to follow your own logical arguments to their final destination.
I don't give two flying fucks what a study says. Almost all studies are bullshit.
There somethings smart people just know. And this is one of them. And no matter how many kike studies you show us we will not believe it.
2+2=4
Go fuck yourself
>>71760849
Government data isn't always the truth. Here's a prime example. The UK loves to boast how their homicide rate is super low but what they don't mention is they only classify a murder as homicide after there has been a trial and sentencing. So there could have 5 processed homicide cases and 50 thousand unprocessed cases so they will say there have been 5 homicides for the year.
>>71770945
/thread
>>71765048
Pretty much. The minimum wage has been increased numerous times including several times in the last 10 years but it has done nothing to combat poverty or wealth inequality. There is no reason to believe future increases would somehow have effects that were not realized in any of the previous increases.
reminder that the only reason entry level jobs pay shit wages is immigration. this is why all the ultra-rich and landowners promote immigration through mass media, bribed university professors and bought politicians. they want to pay their employees less.
if you want to help the working class go vote for a candidate that wants to deport immigrants. raising the minimum wage doesn't solve anything.
>>71764393
The thing with minimum wages is that it's true, small adjustments in the wage (small relative to cost of living) have little to no impact in the short term, if in the long term minimum wage grows faster than inflation you will necessarily see a reduction in labor as an input of production. As mechanization increases, that labor will need to find new ways to be utilized, if the economy is not prepared to shift these newly unemployed into new sectors they will become systemically unemployed and represent a major dead weight imposed upon society as they become liabilities for social programs.
Japan, funnily enough, understands this. All of the cuckonomics experts whine about how the goyim need more immigrants, but in Japan despite the economy 'stagnating', standards of living are rising and the cost of living is falling, the birth rate as such is beginning to stabilize all without burying their countries under a mudslide of third world degenerates. Who would have thought that shoving almost as many people as Russia into an island the size of California would result in shitty vermin living conditions? Overcrowding, what's that? We need to grow grow grow, more people more people even though we don't have the jobs for them!
When econocucks demand more workers they don't want to employ people, they just want to pay less for the labor they already employ which is what happens to the market when you load it with cheap labor.
It will cause less jobs and higher prices though, ESPECIALLY in this day and age. Companies have already outsourced a massive amount of jobs. Automation is next up in line to replace the minimum wage jobs. Would you rather have some human who birches about their pay, or a robot that works forever and "for free"?
That's why we need Trump pham.
>>71760849
Oh wow that's great news anon
Let's increase minimum wage to $1000/hour for everyone
We will all be super rich
That's how economics works
Bernie 2016
>>71761991
>these exist because of $15 minimum wage
Fucking kill yourself before your stupid ideas leak onto someone that matters.
>Using time series data instead of cross-sectional data
>Didn't control for trending variables.
>Using Labor Force Participation Rate instead of Unemployment.
>Analyzing this data with correlations instead of regressions
OP are you retarded or what? Did you make this? Go take a statistics course, use decent regression software, come back and then present your work as actual analysis instead of just printing your excel sheet.
>>71760849
>>71760849
>amateur conjecture from scribd
Good source, very reliable.
>>71763182
>Wake me up when get self flipping burgers
Sure. You can go ahead and wake up now, then, because we'd already had them for years.
>>71773524
You sound like you know what youre talking about.
>>71764187
This is my legitimate answer too. There are simply too many worthless bodies. Grind them up for animal feed and fertilizer if they can't produce anything worthwhile.
Sounds harsh but reality is a tuffy sometimes.
>>71760849
>conjecture.pdf
why are you wasting megabytes while children are starving in this country
>>71770945
Amen.
>>71760849
increasing minimum wage is totall bullshit. it will decrease the money value and increase the inflation. it is the same as making loans easy. you can only do that if the economy is going well. then its a good investiment.
>>71762127
>" Minimum wage increases don't cause lower employment"
>"Now nobody has to do that shit work."
literal nigger tier american edjukashawn
