As We've Been Saying, California's Minimum Wage Rises Increase Unemployment

[Theinquisition]

No that isn't how it works. If you make a claim its up to you to prove it not me to disprove it. That is, you know, how evidence based research works you prove your claim.

I made a theory, not a claim.

[Shadowferal]

So we should cut the minimum wage to ensure that people don't bother looking for work?

Because that's the only possible interpretation I'm getting from this babbling, except chants of "Hail Market!".

Furthermore.

Hmm...California, ranked as least business-friendly state, blows past all others in job creation

Economist Christopher Thornberg, a founding partner with Beacon Economics, noted last week that California’s reputation for being unfriendly to businesses hasn’t slowed the state’s forward momentum — particularly in job creation.

“You could argue that just in the last four months we have finally erased the last residuals of the Great Recession out of the labor market,” he said. “And of course California, once written off as a disaster of business unfriendliness, is continuing to lead the nation in terms of economic growth.”
Figures show California added nearly 447,000 new jobs last year, more than Texas and Florida combined.

---------------

Of course Forbes won't ever come near such a stat since it wouldn't support their libertarian bullshit narrative.

[PC2]

what you're doing is having the taxpayers subsidise minimum wage industries.

That's fine, tax paying individuals and businesses contributed said taxes, the problem is when too much is drained to non-tax payers.

[Shadowferal]

That's fine, tax payers and businesses contribute, the problem is when too much is drained to non-tax payers.

Illegal immigrants?

[PC2]

Illegal immigrants?

No, anyone who doesn't have a taxable income.

[Kalisandra]

That's fine, tax paying individuals and businesses contribute, the problem is when too much is drained to non-tax payers.

And with a low minimum wage, minimum wage workers aren't paying much, if any, tax. Raise the minimum wage, and they're less of a drain on the state's funds. What's more, while it's true that goods and services that rely on minimum wage labour will rise in price, as labour is not the only cost they'll rise by less than the rise in wages. This means that minimum wage workers become relatively more wealthy, and as they're still not exactly swimming in money, they'll spend almost all of it, which is good for the economy - it increases demand.

Now, there is a downside - the incomes of the wealthy won't rise with a minimum pay increase, so this is a transfer of wealth from the rich to the poor. Then again, so is having to pay out welfare because the poor are paid too little to live on wages alone. However, as the truly rich avoid paying a great deal of tax that the merely comfortable, the well-off, and the ever rarer middle-class can't avoid, welfare costs the rich less than paying the poor decent wages (and gives them more direct control over said poor).

The issue of bottom-end pay isn't really one of economics these days, but about class warfare and power.

[Shadowferal]

No, anyone who doesn't have a taxable income.

Just seeing a big problem. At one point in time CA was looking to be a "failed state," illegal immigrants contributing to up to 30% of the deficit.

I may lean left at times...but this...not sure where I am, but something needs to be done especially when immigrants refuse to be legit. (Don't want to pay taxes and all that)

[alexw]

I made a theory, not a claim.

And if you posit a theory (in the academic sense) then you also damn well back it up otherwise you get laughed out of town. What you are actually doing is propagandizing.

[PC2]

And with a low minimum wage, minimum wage workers aren't paying much, if any, tax.

That's okay, there are plenty of people who don't work for minimum wage and they contribute the most taxes anyways.

The issue of bottom-end pay isn't really one of economics these days, but about class warfare and power.

Exactly, minimum wage is about class warfare, it isn't about what is best for the nation and economy as a whole.

[callipygoustp]

California is now the 6th largest economy in the world.

Clearly California is doing something wrong!

Seriously, I wish my state would just leave the union, and let that parasite of a political party, the GoP, get their funding for their asinine policies elsewhere.

#CalExit2016

- - - Updated - - -

I made a theory, not a claim.

And if you posit a theory (in the academic sense) then you also damn well back it up otherwise you get laughed out of town. What you are actually doing is propagandizing.

I was laughing. It was a good chunk of bullshit.

[Masark]

Exactly, minimum wage is about class warfare

Yes, that is precisely what opposition to a minimum wage increase is.

[PC2]

Yes, that is precisely what opposition to a minimum wage increase is.

Okay you are somehow immune from it, but the other side are the bad guys.

[Thios]

I would be embarrassed to have created this thread. The OP posted an article trying to force an dishonest narrative while somehow managing to act condescending. Either the OP did not read the article that he found so interesting, or he's just as dishonest as the author of the piece. Good job, OP.

[Sky High]

minimum wage is class warfare! ah best laugh all day.

[PC2]

minimum wage is class warfare! ah best laugh all day.

If you don't care about the efficiency of the economy it can be. For example moving the minimum wage up to $25 per hour could be used as a weapon.

[Sky High]

If you don't care about the efficiency of the economy it can be. For example moving the minimum wage up to $25 per hour could be used as a weapon.

a weapon!? oh the horror.

[PC2]

oh the horror.

Yeah for the economy.

[Sky High]

well if $25 comes to pass I'll be sure to buy gold with it all.

[Omega10]

More Californians entered the job market in June, which probably explains why the jobless rate increased even though the state added a healthy number of new positions.

This directly says that California created more jobs, and with higher salaries, causing more people to look for work. Sounds like the minimum wage increase has been HUGELY beneficial for both Californian workers and businesses. Thank you for your very pro-minimum wage increase article

[Deleted]

So some genius says that mininum wages increase fucks jobs but companys that earns millions and pay like shit its allright .