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Oops, I think you may have answered your own question. (assuming you are right of course)! The effect comes from the pay boost and greater prosperity in Romney's 47%, and that is way more than 2 %!!!! This is a case where a rising tide lifts all the little boats and leaves the big yachts...

That's the headline to grab your far-right-wing-conspiracy-loving attention. Now read the full report and look at the assumptions and you'll quickly draw a different conclusion if you have even one foot on the ground.

This chart makes perfect sense when you add the dates when a new minimum wage was adopted. What is does show is that any disruption from going to 15/hr over 4 years will be virtually non-existent, since most workers are already well above 7.25 and many are already at 15 or higher. The overall...

I have taken a position with respect to the "min wage". And I am more than countering the bullshit I see from jem implying that a rise in the minimum wage would cause net job loss and business loss. FYI... from...

I've never been sued, if that's what you mean by "no useful experience."

Indeed, and I'm now ready to take up that discussion again if you care to. I realized later there was something wrong with our assumptions.

Take a look at dollar futures over time versus the S&P over time. Does there seem to be any connection? Or said, as we might when trying to explain to a fifth grader: "If the purchasing power of your dollar goes down between today and tomorrow (price inflation) would you expect the price of a...

We have it on good authority then.

No it is not, not in the economic sense of the term "cost shifting." And your evidence for that is?

That's right!. The Businesses themselves, and their bankers!, decide that.

Again, it'over 4 years. I would have preferred 5 years, but I understand why it is four. It is misleading -- Have you been to a CPAC training camp? :D -- to say "doubling [of] salaries." Virtually no salaries will double, or even be affected except thru pass-up effects. Wages for those...

Businesses that pay their full-time employees less than 15/hr are obviously being subsidized at present. It's cost shifting, and its ridiculous to run an economy that way...

There are millions of jobs that can't be , as yet, automated, and may never be. And there are millions of jobs were automation is a poor substitute for human interaction. If you don't believe this try to invent a robot that can teach how to tap dance. It's possible, however the result won't be...

Pure bullshit. You can't pass it on if you don't have a viable business without labor subsidies, otherwise you can. And remember: 1) it's phased in over time! ; 2) If the minimum goes up by 108% (7.25 to 15) over 4 years, the amount of labor cost increase passed on per annum to maintain...

Does it? Ceteris paribus , inflation should increase the price of equities, No?

You wrote this on Jan 18th, two days before the inauguration. It somewhat describes the situation as it existed in the country on Jan 18th. By now, March 1st, it must stand as one of your least prophetic posts, and perhaps one of, if not the least, prophetic, in multiple ways, posts ever in...

These polls are not useless. They provide an accurate window into the moral and intellectual bankruptcy of the 2021 Republican party.

Propaganda and opinions will fade from our memory, but sadly for his family and descendants the facts will remain. He will be remembered as the Worst President in U.S. History during the Republic's first 234 years. Hopefully there will be many more centuries added to that record. At this...

Justice Thomas , in a lapse of logic, did not take into proper account that there has been hearings to a absolutely absurd degree in the lower courts already, and that a protracted and embarrassing hearing in the Highest Court would certainly do nothing to quiet those who are convinced the...

That's will be too low in 5-6 years , but in three just a little under where it should be. I, like you, am optimistic. If we were to keep the minimum so incredibly, unrealistically low, as it is now, we would be adding to the harmful distortions in we have already introduced into our economy.