Comments for Impact of the Minimum Wage on Employment and Low-Income Families at http://www.cepr.net , comment 1 to 10 out of 10 comments http://www.cepr.net Sun, 19 May 2013 07:41:55 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13881 Huh? 1) If they were producing greater than or equal to $10.40 an hour, they would be hired. Do the math...nobody throws away income. SF restaurants are laying off busboys now. 2) Clearly this is the case...except to go further, do to minimum wages we drive a lot of the workers underground, working for cash, so that there is no SS taxes or income taxes. Look at Nuevo Orleans....hurricane chasers. 3) This is the silliest point. Look, they are unemployed, i.e., making $0 now, and yet they can't afford to apprentice as a plumber or construction worker to build their human capital? Makes absolutely no sense to me...I've been working since 10 doing something, as a construction gopher and then on up. These paths are simply not available as much as they used to be. Still, I get creative folks dropping by the house to offer to do yardwork etc., windows, whatever, at less than minimum wage. There is hope, but driving it underground is not a great idea in the long run. - pete Wed, 04 Jan 2012 04:34:31 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13880 @Pete I wonder if you really don't understand the points being made here or if you think you're just being 'clever.' :) 1)"further widening the gap between marginal value of product and ability" - Can you show this? It seems every economist and all research confirms a growth in productivity - consistently over decades. Do you have any evidence of this gap re: marginal value/ability? A burger flipper or waitress probably needs essentially the same abilities as ever. 2) If the entry of more workers lowered wages, then the entry of millions of even lower waged workers from 3rd world into the US market for many jobs pushed wages drastically lower. This doesn't really negate a need for minimum wages in the US, so what's your point here? 3)Maybe your reading comprehension isn't adequate to address the point made by Union Worker. UW didn't say that the government controlled internships, but that a poor kid can't afford to work for $0 in order to get that foot in the door to better jobs. - LA-CC Tue, 03 Jan 2012 21:22:06 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13868 That's actually an astute point! I guess you are saying only on wall street does the government allow apprenticeships. (I understand cooks work for free for prominent chefs, until the SEIU kicks them out I guess.) Of course, we pay for education, unless it is apprenticing...which is simply not allowed. There's a 10 year old kid at the local hardware store helping out his father...there are exceptions. - pete Tue, 03 Jan 2012 08:39:59 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13862 Why not have Goldman, Citi, JPMorgan, GE...i.e. All the corporations that get bailed out or don't pay any taxes -in other words take government subsidies - hire unemployed young people as internse... but wait...interns don't get paid at all and what you call"Inner City" young people can't be interns, they can't work for free - only rich kids can afford to work at these prestigious firms without compensation. That's their legacy; that's their entitlement. Isn't it? - Union Member Tue, 03 Jan 2012 06:57:32 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13860 Since the labor force increased due to part time workers, especially women allowed to do more than teach and nurse, real wages have fallen... - pete Tue, 03 Jan 2012 05:14:57 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13856 Since real wages began to decline in the 70's more families have found it necessary to have multiple earners. Many of those earning minimum wage are wives with minimal training. There are certainly a lot of teenagers earning minimum wage, but why should their earnings be irrelevant if they contribute to a decent standard of living for the family? Not all teenagers' families belong to the 1%. - skeptonomist Tue, 03 Jan 2012 04:49:33 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13852 Had a 40% increase since 2007, hmmm, now something like 25% unemployment in the inner city...great time to use price controls, for that is what a minimum wage is, to wedge these folks further out of the market. No entry level, no apprenticeships, and now further widening the gap between marginal value of product and ability. Probably will be accompanied by "tax incentives" or "enterprise zones" to undo the harm. - pete Tue, 03 Jan 2012 04:23:03 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13851 If you want high turnover, stealing and sloth - hire only workers desperate enough to work for the minimum. If you want people that will stay, work hard and do good for your enterprise - pay them a living wage and benefits. That's how you grow a company not by stuffing your pockets with all the gold. - jumpinjezebel Tue, 03 Jan 2012 04:17:56 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13849 This post makes a very important point: even if there is a loss of employment, minimum wage workers will still be better off after an increase in the wage floor. They will on average work fewer hours and take home more income. Working fewer hours means having more time for leisure, which most people value. It has never ceased to amaze me that economists like Neumark seem to think that showing there are disemployment effects ends the argument--as if they never had Econ 101 and learned about the value of leisure. The argument is about welfare, period. - tom michl Tue, 03 Jan 2012 02:48:17 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/impact-of-the-minimum-wage-on-employment-and-low-income-families#comment-13848 If the $1.60 an hour minimum wage from 1968 was indexed for inflation, it would be worth $10.40 an hour today. Raising the federal minimum wage from it's current $7.25 an hour to $10.00 an hour and indexing it for inflation would be a good first step towards reducing inequality in America. - Robert Salzberg Tue, 03 Jan 2012 01:52:52 +0100