General Discussion

whatthehey

(3,660 posts)

22. And you dismissed the answer in advance

Fri Apr 8, 2016, 11:49 AM

Apr 2016

Whatever you claim you would do with a change from starvation to subsistence level income does not change decades of data on marginal propensity to consume, which at this income level nears 100%. That money will be spent in other words. Spent on any business providing a desirable product or service. Manicure places, gym schools and whatever manage to exist and prosper even now. Well planned and managed ones will certainly do better with more money in the hands of their customers.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

121 replies

= new reply since forum marked as read

Highlight:

Can someone answer my question about the minimum-wage hike? [View all] scioto99 Apr 2016 OP

You want to understand? TM99 Apr 2016 #1

I asked a question. In fact, I almost added at the bottom, "I hope this isn't a dumb question", scioto99 Apr 2016 #2

Why not dig around and read up on it? Gormy Cuss Apr 2016 #4

We have seen an in rush TM99 Apr 2016 #8

And you dismissed the answer in advance whatthehey Apr 2016 #22

don't expect a rational discussion here... eniwetok Apr 2016 #23

lol SoLeftIAmRight Apr 2016 #27

So you're saying economists have marginal propensity to consume utterly wrong? whatthehey Apr 2016 #28

nice theory eniwetok Apr 2016 #30

I can't say I've seen data on regional MPC. I suspect little variation whatthehey Apr 2016 #46

To be fair... Chan790 Apr 2016 #92

The reason a higher minimum wage doesn't kill jobs (at a macro level) MH1 Apr 2016 #59

just because something's plausible eniwetok Apr 2016 #64

Okay, I just described ECON 101 Demand-side economic stimulation. What MH1 Apr 2016 #86

RED HERRING ALERT!! eniwetok Apr 2016 #89

This message was self-deleted by its author Gormy Cuss Apr 2016 #3

when was it EVER doubled in 5 years? eniwetok Apr 2016 #26

I am not arguing with a shill. TM99 Apr 2016 #58

typical intolerance eniwetok Apr 2016 #66

Honestly I don't give two shits who you are. TM99 Apr 2016 #68

your inability to rationally discuss this issue eniwetok Apr 2016 #83

you evaded the question eniwetok Apr 2016 #67

You know, I HATE these kinds of snarky, arrogant posts. AgadorSparticus Apr 2016 #54

Tough shit. TM99 Apr 2016 #57

paranoid? eniwetok Apr 2016 #69

You were right? Who the hell knows. All you did was attack the guy. AgadorSparticus Apr 2016 #75

Yes, I am likely right. TM99 Apr 2016 #77

we get a lot of trolls here steve2470 Apr 2016 #5

10 Reasons to Raise the Minimum Wage (with Charts) steve2470 Apr 2016 #6

oh no!!! eniwetok Apr 2016 #35

Who's helped by raising the minimum wage? Ichingcarpenter Apr 2016 #7

Yeah well, the pattern is to get ignored when you show something like this. Rex Apr 2016 #39

+1 laundry_queen Apr 2016 #101

Opening a successful business means research and planning. Atman Apr 2016 #9

I knew from the question what was to follow. Kalidurga Apr 2016 #10

Who doesn't do $15 worth of work per hour? Taitertots Apr 2016 #11

I lulz'd. KG Apr 2016 #12

16 yr olds will make slightly okay money. Iggo Apr 2016 #13

If you are in a start up small business, barely able to pay the rent and utilities why on earth Fla Dem Apr 2016 #14

correct Skittles Apr 2016 #25

Someone sure is upset about the working poor getting a few more pennies. Rex Apr 2016 #41

ever notice the people who are hysterical about minimum wage Skittles Apr 2016 #55

Oh yes! Same set of folks that poo poo'd all over OWS. Rex Apr 2016 #62

"So I don't quite get how all businesses can start paying a higher wage to employees, when many Brickbat Apr 2016 #15

The illogical assumptions that underpin capitalist ideology ronnie624 Apr 2016 #16

Sure, if you connect this dot for me: trotsky Apr 2016 #17

People WILL go out and spend that money lancer78 Apr 2016 #18

And god knows we need more consumerism. n/t ronnie624 Apr 2016 #19

The answer lies with the owners . . . HughBeaumont Apr 2016 #20

It all boils down to DEMAND. If the business has demand for the product they B Calm Apr 2016 #21

zzzzzzzzzzzzzzz Skittles Apr 2016 #24

keep you eye on the invisible hand SoLeftIAmRight Apr 2016 #29

About all of those businesses that closed. Glassunion Apr 2016 #31

LOL ... reading some of the responses you got to your question ... 1StrongBlackMan Apr 2016 #32

Lol... Glassunion Apr 2016 #33

I got a pardon from the Governor! 1StrongBlackMan Apr 2016 #34

Did they give you your dime back? Glassunion Apr 2016 #44

Nope ... they spent it. 1StrongBlackMan Apr 2016 #45

Figures. If you get another one, just hide it really well. Glassunion Apr 2016 #47

LOL 1StrongBlackMan Apr 2016 #49

People who go from 7.25 to 15.00 will start spending money on food Warpy Apr 2016 #36

nice theory... eniwetok Apr 2016 #38

Cheap labor conservatives always spout their bogus "studies" instead of the DoL or CBO Warpy Apr 2016 #43

more scurrilous accusations eniwetok Apr 2016 #73

You didn't even read the CBO report... did you? eniwetok Apr 2016 #85

There's a corner in my neighborhood where businesses always fail abelenkpe Apr 2016 #37

the question is how much? eniwetok Apr 2016 #48

State min wage in CA is $10.10. $15 is being phased in. Starry Messenger Apr 2016 #40

fine... then if your theory is true eniwetok Apr 2016 #50

Wow, multiple logical fallacies. PETRUS Apr 2016 #51

are you suggesting... eniwetok Apr 2016 #81

I did not suggest "that there is NO economic force that EVER can disrupt the economy." PETRUS Apr 2016 #88

well we KNOW high oil prices eniwetok Apr 2016 #95

You're a compendium of bad arguments. PETRUS Apr 2016 #109

how many right wingers favor the MW being the HIGHEST we ever had? eniwetok Apr 2016 #111

Why not lower it to $5 again, just to settle your mind? Starry Messenger Apr 2016 #53

Oh how cute! ANOTHER new person just learned about the MW and has problems with the poor Rex Apr 2016 #42

hey, enough with your unfounded insinuations... eniwetok Apr 2016 #52

It's not uncharted territory. PETRUS Apr 2016 #60

where is there ANY nation with $15 MW? eniwetok Apr 2016 #61

Do I get free health care and college with that? hunter Apr 2016 #65

so how are businesses responsible eniwetok Apr 2016 #71

If you get accepted to a German College, it's free. You don't even have to be German. hunter Apr 2016 #76

full of it eniwetok Apr 2016 #79

you evaded my question eniwetok Apr 2016 #80

You've evaded ALL the reasonable questions and answers people have given you. hunter Apr 2016 #90

hardly eniwetok Apr 2016 #94

I just explained a flaw in your figuring. PETRUS Apr 2016 #87

your post is not the devestating rebuttal you think it is eniwetok Apr 2016 #97

Public health care and education are essential, but they are forcing privatization.. Baobab Apr 2016 #98

Your post is nonsense. PETRUS Apr 2016 #108

you never proved anything eniwetok Apr 2016 #115

Oh? State your case, then. PETRUS Apr 2016 #116

not my job to do your research or prove your points... eniwetok Apr 2016 #118

It's your job to do your research and prove your points. PETRUS Apr 2016 #119

OK, so you AGAIN refuse to do anything to prove the relevence of your claim eniwetok Apr 2016 #120

What was unfounded? The OP has been banned. Rex Apr 2016 #100

sorry for your delusions eniwetok Apr 2016 #104

Proof is right there for all to see, you can pretend otherwise. Rex Apr 2016 #106

he's "not sure what our point is", Rex Skittles Apr 2016 #56

His mistake. Rex Apr 2016 #63

Yes... how does Costco do it? eniwetok Apr 2016 #112

I am done feeding you. Rex Apr 2016 #113

translation: eniwetok Apr 2016 #114

Lower class workers spend at least 100% of the income they make. Marrah_G Apr 2016 #70

The four year failure rate of new businesses has been about 50% for ages bhikkhu Apr 2016 #72

You are asking the right questions, and that is why Obama, most Democratic Congress members, pnwmom Apr 2016 #74

I will give you the capitalist view on it: The Straight Story Apr 2016 #78

Virtually anyone here can quaker bill Apr 2016 #82

what experiment? eniwetok Apr 2016 #84

The minimum wage has been raised before quaker bill Apr 2016 #91

not a question IF the MW has ever been raised eniwetok Apr 2016 #93

One can always argue that people should be paid less. quaker bill Apr 2016 #102

we have to restructure the economy eniwetok Apr 2016 #103

Its a question of time. Baobab Apr 2016 #96

This person was PPR'ed as a repeat disruptor steve2470 Apr 2016 #99

oh no... not the DU tombstone! eniwetok Apr 2016 #105

We don't TS people anymore, you must be thinking back when you had another account on DU1 or 2. Rex Apr 2016 #107

disagreeing with your positions... eniwetok Apr 2016 #110

"And I'd still buy my shin guards at Goodwill." KamaAina Apr 2016 #117

having worked in human services eniwetok Apr 2016 #121