The Effects of Raising Minimum Wage

I am so shocked you cited a Fox opinion piece. 

Did you read the piece, check for independent supportive stats, counter-check those with other sources, or were you too busy drooling in front of the TV when you saw Fox.

Perhaps one of your New Years resolutions is to become well versed in various news sources.

For someone who likes to proclaim themselves as not part of the partisan gang, you come across pretty "right." Realistically, there are enough posters who proclaim all right wing Republican ideas good and all others bad. Maybe you have a post that doesn't exemplify that. Please link if you do.

But I'll show you and the others how its done. Watch and learn. Teach your kids.

The problem with the argument about raising the minimum wage is that, statistically, it doesn't really solve the problem of making ends meet. The rate of increasing of wages has not risen exponentially with the cost of living in so many years that slight increases now don't account for meeting ends. See https://www.cbo.gov/publication/22010

So it becomes lip service by politicians designed to make certain groups feel that they are supporting the poor worker more than they really are.

But the argument that a wage increase so damages business like that raised by the OP is false too. See https://www.cepr.net/index.php/publications/reports/why-does-the-minimum-wage-have-no-discernible-effect-on-employment

https://docs.google.com/viewer?url=https://www.epi.org/page/-/pdf/bp251.pdf&hl=en_US&chrome=true

Most analysts will tell you that the more effective way to help the minimum wage earner is with tax incentives that provide relief for expenses they would incur anyway, which will allow for more money in each paycheck and does not create an artificial business environment.

Djbrow is right on several points.  First, tax credits are better in helping the poor than unfairly imposing burden on some industries instead of everyone. 

Secondly, raising minimum wage isn't all bad if companies can overcome by becoming more cost efficient or producing more revenue.  Higher costs doesn't always reduce employment.

Quote Originally Posted by TILTOLOGIC:

I'm gonna let Pat Buchanan end this argument 

https://www.realclearpolitics.com/articles/2013/12/31/inequality_--_crisis_or_scam_121093.html

end of story

Equality of opportunity does not guarantee equality of outcome....

Most analysts that say that the more effective way to help the minimum wage earner is with tax incentives...those analyst have to be rainbow and unicorn anal-ysts...because you cant put more money into the pay checks of people that don't pay income tax in the first place,,

This is just another liberal redistributed of wealth scheme,,and what we don't need is another government entitlement program ..