http://www.twincities.com/mld/twincities/news/editorial/15774825.htm

Posted on Tue, Oct. 17, 2006
email this
print this
Economists' call for higher wage challenges candidate's reasoning
Michele Bachmann, candidate for Congress in Minnesota's 6th District,
has never pretended...

Please pardon the self-response, but I had to share this:

D. Mark Wilson, "Raising the Minimum Wage: Rhetoric v. Reality"
http://www.heritage.org/Research/Labor/EM590.cfm
D. Mark Wilson argues against an increase in the minimum wage in this
April 23, 1999 Heritage Foundation Executive Memorandum. He argues that
a higher minimum wage would:

a.. not have a direct effect on poverty,

b.. make it more difficult to move people from welfare to work,

c.. reduce the amount of job training received by workers,

d.. raise teenage unemployment rates, and

e.. encourage teenagers to drop out of school.
That ought to make it a great bipartisan effort. The Democrats want
everybody on welfare, the Republicans want everyone who isn't on welfare
to be a poorly trained drone, and they both want the average American to
be too poorly educated to realize that the Two Parties are symbiotes to
each other and parasites to the people.

Robert Bunn wrote:

That is when politics take over economists. It is strange to see so many
economists prostituting themself on the right wingers side.

What is very clear, is that polarization it is harmfull for the economy:

http://www.angelfire.com/planet/dragonomics/polarization1.pdf

Minimum wage increase can help to reduce polarization.
That by itself can be good enough for the economy.

Nospam wrote:

What a laugh, "Heritage Foundation". You truly are a twit, Bunn. Why not the
Cato Institute if you want right wing economic statements unbacked by any
scientific data?????

Raising the minimum wage has never had any of the effects claimed by the
Heritage lies. In fact, studies, based in the real world, have shown them to
be fabrications.

But that's OK keep spouting the clueless right wing drivel, it suits you.
You are an idiot.

--
"If Tyranny and Oppression come to this land, it will be in the guise of
fighting a foreign enemy." James Madison

"Robert Bunn" twcny.rr.com> wrote in message
news:C8kZg.62730$uH6.17069@twister.nyroc.rr.com...

Robert Bunn wrote:

Les Cargill wrote:

1. Yes, they will rise since the demand increase. But not "as soon".
Prices do have an inertia often called "stickiness". The period betwen the
rise of the wages and the rise of the prices it is a net gain for people.
That period, will count with a less disparity in income, fueling up the
economy.

2. Yes, they will rise since the demand increase. But not as much.
You were correct here, they rise proportionally but the proportionality
coefficient it is less than 1 since the minimum wages are not the single
component into the disposable income. The people living out of dividends
will get a bit less, while the wave that will make all the bigger wages to
grow proportionally with the minimum wage increment will take quite some
time.

1.+2. =

retrogrouch@comcast.net wrote:

Day Brown wrote: