A funny thing happens at $15 per hour...

[Mercor]

Nice try. Go to the link that Ricter posted earlier:

https://www.brookings.edu/policy202...cut-the-tax-cuts-and-jobs-act-pay-for-itself/

Mine is from https://www.cbo.gov/about/products/budget-economic-data#2

The left tries to claim ,loss of revenue is to be measured against the projection of revenue with no tax cut
If no tax cut then how much revenue would there be

its the only way to form fit to the narrative they have in their world

 

[Frederick Foresight]

Mine is from https://www.cbo.gov/about/products/budget-economic-data#2

The left tries to claim ,loss of revenue is to be measured against the projection of revenue with no tax cut
If no tax cut then how much revenue would there be

its the only way to form fit to the narrative they have in their world

Yeah, sure. Because everyone knows the world is otherwise static except for one variable at a time.

 

[Mercor]

Yeah, sure. Because everyone knows the world is otherwise static except for one variable at a time.

Reminds me of when Obama was trying to spin numbers would report unemployment as jobs not lost

 

[El OchoCinco]

Reminds me of when Obama was trying to spin numbers would report unemployment as jobs not lost

So you admit you were using manipulated data to prove your point rather than actual data...

thank you

 

[Ricter]

Mine is from https://www.cbo.gov/about/products/budget-economic-data#2

The left tries to claim ,loss of revenue is to be measured against the projection of revenue with no tax cut
If no tax cut then how much revenue would there be

its the only way to form fit to the narrative they have in their world

This reads like a jem post.

 

[Mercor]

So you admit you were using manipulated data to prove your point rather than actual data...

thank you

Not me
My post, actual raw numbers showing that revenue did not go lower after the trump tax breaks
Fiscal Year Revenue
FY 2021 $3.86 (estimated)
FY 2020 $3.71 trillion (estimated)
FY 2019 $3.46 trillion (actual)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion

 

[Ricter]

Not me
My post, actual raw numbers showing that revenue did not go lower after the trump tax breaks
Fiscal Year Revenue
FY 2021 $3.86 (estimated)
FY 2020 $3.71 trillion (estimated)
FY 2019 $3.46 trillion (actual)
FY 2018 $3.33 trillion
FY 2017 $3.32 trillion
FY 2016 $3.27 trillion

Those figures are nominal. That plateau from 2017 to 2018 is, with inflation factored in, a fall in revenue.

 

[Snarkhund]

It hasn't been successfully implemented anywhere, and I am happy if someone wants to show me I am wrong.

And by successfully, I mean without negative economic impact.

Still, if done right it will result in higher wages - you just have to accept that less people will be employed at the end.

Its something like a zero sum game.

You mandate a minimum wage. Employers pair down staff and seek effective employees. Those shut out of the job market end up on public assistance paid not by businesses (directly) but paid by taxpayers.

All roads lead to our pockets.

 

[Overnight]

...and seek effective employees....

And that is the crux of the issue, right there. The productivity of the employee.

You walk me into any retail establishment and I will point out to you the 90% of the workers who are lazy and picking their ass when they should be doing work. Real, actual work to better their company. Problem is, there is no work ethic left, because most work is boring and the fat cats at the top have no inclination to "incentivize" it for the worker drones, because they are rich and don't give a shit about the trenches. It's disgusting.

Raising the minimum wage is fine, if you get that extra productivity out of the worker so the raise is merited by the extra work they will do. (Which they should have been doing at the previous wage, but that is another discussion.)

 

[TreeFrogTrader]

Its something like a zero sum game.

You mandate a minimum wage. Employers pair down staff and seek effective employees. Those shut out of the job market end up on public assistance paid not by businesses (directly) but paid by taxpayers.

All roads lead to our pockets.

Yes. The "seeking effective employees" part is underdiscussed. Employers paying more may expect the person to be able to read and write and advanced things like that. So they will be taking the pictures of the burgers and fries off of the cash register keys that have been necessary in so many places.

The other thing that gets underdiscussed in the media - may have already been discussed here- is that raising the minimum wage throw a pretty good size log on the fire for any company that is considering more options to automate.

Not sure yet about the unintended consequences for immigration. The dems are dependent on support - overtly and covertly- from republicans and democrats who want to maintain the flow of cheap labor. So, you are going to raise the minimum to 15 and still expect them to support labor from mexico/and south just because they think we need more diversity? Ahh, I dont think so.