Art Laffer On The Minimum Wage

  1. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    In response to ronreganfan's comment:

     

    I see someone trying to help people.

     



    By letting business pay the slave wages that caused so much misery during the rise of the industrial age?

     

    Do you not understand that there are people working two minimum wage jobs and still have to rely on some safety net programs to make ends meet?

    What do you think will happen on a $4 wage? What's even the point of working at that level? His ideas are foolish and dangerous.

    Just like the notion that it makes any kind of sense to rely on his curve to analyze tax policy

     



    $4 beats $0.

    Or, are you an equal non-opportunity for everyone type of guy?

    The left wallows around, gnashing teeth, while Laffer offers a solution, which the left never does.

    Laffer has gotten so far under the skin of socialists for simply suggesting something that is obvisous to anyone, that there is a point where taxes are too high.  

    Only you and the loony left can't seen to see the common sense in that, or his conversation on unemployed youth.

     
  2. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:


    By letting business pay the slave wages that caused so much misery during the rise of the industrial age?




    Attorney perhaps but, definitely not to savy on corporate business.

    Most labor positions today make well above the "minimum wage" because of competition in business to find reliable human resources for even entry level labor positions!!

    That is a fact!

    With the economic reality why are so many businesses hurting for reliable human resources?? at any wage!

     

     
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  5. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    Your insults have clearly proven you "won"



    insults?  

    Whatever.

     

    At leat I'm not claiming raising the minimum wage creates jobs.

     
  6. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    In response to Hansoribrother's comment:

     

    Nov 2013 unemployment rate for black teenagers: 36%

    Nov 2013 unemployment rate for white teenagers: 18%

     




     

    Man, you just never defend your points. I challenge you to articulate how the mininmum wage law is racist. You are incapable of it, so you copy/paste something from another site you didn't even read. I knock down every last claim in the article and what do you do?

    Cite unemployment rates at me?

    Of course, you cannot articulate how those li....   statistics.....prove that the minimum wage law is racist.

     

     

     

    How is it, Hansori, that the minimum wage law causes more black people than white people to be unemployed in 2013?

    Are you alleging that there's so much racism still around today that employers are still hiring white over blacks since they have to pay the same minimum wage? We have to get rid of the minimum wage, in your view, so that they can go back to paying black people less than white people and therefore hire more of them, like the good 'ole days? Just who do you think that position makes a racist?

     

     

     

    Are you just being obtuse for a reaction?



    Will raising the minimum wage somehow magically level this particularly uneven playing field?

    Or will the common sesne of expanding opportunity prevail?

     
  7. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to RememberTheAndrea's comment:

    He wants to lower it to $4/hour. Why doesn't he just move to China?



    You deleting my posts?

    I replied, and it is now deleted.  I guess you can't take the heat, or one of your toads can't take the heat.

    This post deleting has got to stop.

     
  8. You have chosen to ignore posts from Hansoribrother. Show Hansoribrother's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    I mean, maybe it's time to clear up a misconception many conservatives seem to have. If you study up on U.S. history from 1860s through 1940s, you will see that all these labor protection policies didn't come into existence because one party said "hey....screw businesses. I hate businesses. Let's make it harder for them to make money."

    They came into existence because the working poor lived and worked in conditions similar to or worse than what we now consider Third World Country. Meanwhile, there was a tiny tiny cadre of super-rich.

     People saw that that wasn't good for a supposedly democratic society.

     

    If all you trickle-down people and anti-minimum wage people were right, then workers would have been living much better lives when there weren't all these labor laws.

    But you're dead wrong. Dead, rotted, fossilized, wrong.



    There you go again. If someone is against one regulation he is against all.

     

     
  9. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: Art Laffer On The Minimum Wage

    it was just after the midterm in my Macro theory class.  The prof was reviewing the syllabus.  The last section was on Supply Side.  I remember him saying, "and if we have time, we'll go over Supply Side in case anybody out there actually believes that stuff." 

    The prof used to come to class with a little slip of paper of the things he needed to cover.  And would proceed to give the lecture, draw and explain the complicated graphs from memory.

    when was Laffer awarded the Nobel prize for Economics?

     
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  11. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    I mean, maybe it's time to clear up a misconception many conservatives seem to have. If you study up on U.S. history from 1860s through 1940s, you will see that all these labor protection policies didn't come into existence because one party said "hey....screw businesses. I hate businesses. Let's make it harder for them to make money."



    The problem you fail to understand or acknowledge is that Big labor unions are as greedy and crooked as Big business and Big government!

    In fact to a large extent they are in cahoots!

    To think otherwise is just ignorant.

     
  12. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    Still, it's pretty hilarious that not ONE of the conservatives here defending laffer's statements said anything about reducing the minimum wage. All they wanted was not to increase it.


    But now laugher says we should reduce it, and suddenly their economics ph.d materializes.



    Doesn't everyone on BDC have a PHD in econ? : )

     
  13. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to twelve_angry_men's comment:

    In response to ronreganfan's comment:

     

    In response to WhatDoYouWantNow's comment:

     

    In response to ronreganfan's comment:

     

    I see someone trying to help people.

     



    By letting business pay the slave wages that caused so much misery during the rise of the industrial age?

     

    Do you not understand that there are people working two minimum wage jobs and still have to rely on some safety net programs to make ends meet?

    What do you think will happen on a $4 wage? What's even the point of working at that level? His ideas are foolish and dangerous.

    Just like the notion that it makes any kind of sense to rely on his curve to analyze tax policy

     

     



    $4 beats $0.

     

    Or, are you an equal non-opportunity for everyone type of guy?

    The left wallows around, gnashing teeth, while Laffer offers a solution, which the left never does.

    Laffer has gotten so far under the skin of socialists for simply suggesting something that is obvisous to anyone, that there is a point where taxes are too high.  

    Only you and the loony left can't seen to see the common sense in that, or his conversation on unemployed youth.

     




    Still regurgitating that voodoo economics Laugher curve crappolla I see.

     

    Ronnie-Raygun cut taxes, Congress cut spending and deficits still hit historic highs and unemployment went from 7.2% to over 10% and stayed there for nearly a year. That was the effect of voodoo economics and the Laugher curve, historic unemployment and record deficits.

    The Laugher curve has no value in economics. It's only quality is in stating the obvious: at 0% or 100% tax rate the gov't doesn't collect revenue. It relates to nothing between those two extremes. If the theory states there is a point of equilibrium between tax revenue and growth but no one can tell you what that point is, then it's nothing but a useless piece of rhetoric... voodoo economics.

     

    Try and use your head for something other than a hat rack ... or keep running.



    Somehow raising the minimum wage to $15 is going to create jobs?

    Talk about using your head for a hat rack.

     
  14. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    Still, it's pretty hilarious that not ONE of the conservatives here defending laffer's statements said anything about reducing the minimum wage. All they wanted was not to increase it.


    But now laugher says we should reduce it, and suddenly their economics ph.d materializes.



    Huh.  All this from a liberal rant on raising the minimum wage to $15 as some sort of great job creator.

    Liberals run and hide.

     
  15. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    In response to Hansoribrother's comment:

     

    In response to WhatDoYouWantNow's comment:
    []

    I mean, maybe it's time to clear up a misconception many conservatives seem to have. If you study up on U.S. history from 1860s through 1940s, you will see that all these labor protection policies didn't come into existence because one party said "hey....screw businesses. I hate businesses. Let's make it harder for them to make money."

    They came into existence because the working poor lived and worked in conditions similar to or worse than what we now consider Third World Country. Meanwhile, there was a tiny tiny cadre of super-rich.

     People saw that that wasn't good for a supposedly democratic society.

     

    If all you trickle-down people and anti-minimum wage people were right, then workers would have been living much better lives when there weren't all these labor laws.

    But you're dead wrong. Dead, rotted, fossilized, wrong.

    []
    There you go again. If someone is against one regulation he is against all.

     

     

    Guess you can't answer the question. Figured.

     

    Shame we have so many conservative cowards who can spout off against the evil libruls but can never back up their copy/paste rants when pressed. Sigh.

    Nevermind that you are deliberatley misrepresenting what I said....in reply to what I said. WHich is odd.



    There are plenty of posts backing up articles by conservatives. Maybe you are so far gone and dillusioned with the librul propaganda you just can't comprehend logic any longer?

     
  16. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Art Laffer On The Minimum Wage

    In response to WhatDoYouWantNow's comment:

    In response to tvoter's comment:

     

    In response to WhatDoYouWantNow's comment:

    []

    I mean, maybe it's time to clear up a misconception many conservatives seem to have. If you study up on U.S. history from 1860s through 1940s, you will see that all these labor protection policies didn't come into existence because one party said "hey....screw businesses. I hate businesses. Let's make it harder for them to make money."

    []

    The problem you fail to understand or acknowledge is that Big labor unions are as greedy and crooked as Big business and Big government!

    In fact to a large extent they are in cahoots!

    To think otherwise is just ignorant.




    This continues to have literally nothing to do with the thread.



    It was in response to your post not the thread title. See how it evolves? Crazy huh lol

     
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  18. You have chosen to ignore posts from miscricket. Show miscricket's posts

    Re: Art Laffer On The Minimum Wage

    Wow..is Michael Strain advocating that government entitlement programs play an even bigger role in order to save business money?

    I mean..it's bad enough that it's already happening too much now..but wow..

     
  19. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: Art Laffer On The Minimum Wage

    Ronnie-Raygun cut taxes, Congress cut spending and deficits still hit historic highs and unemployment went from 7.2% to over 10% and stayed there for nearly a year. That was the effect of voodoo economics Ronnie-Raygun cut taxes, Congress cut spending and deficits still hit historic highs and unemployment went from 7.2% to over 10% and stayed there for nearly a year. That was the effect of voodoo economics "'

    Freaking delusional !!

    By 1983, the Reagan policies of reducing taxes, spending, regulation, and inflation were in place. The result was unprecedented economic growth:

    • This economic boom lasted 92 months without a recession, from November 1982 to July 1990, the longest period of sustained growth during peacetime and the second-longest period of sustained growth in U.S. history. The growth in the economy lasted more than twice as long as the average period of expansions since World War II.10

    • The American economy grew by about one-third in real inflation-adjusted terms. This was the equivalent of adding the entire economy of East and West Germany or two-thirds of Japan's economy to the U.S. economy.11

    • From 1950 to 1973, real economic growth in the U.S. economy averaged 3.6 percent per year. From 1973 to 1982, it averaged only 1.6 percent. The Reagan economic boom restored the more usual growth rate as the economy averaged 3.5 percent in real growth from the beginning of 1983 to the end of 1990...

    Compare to Obama's massive statist economic failure!!!

     
  20. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Art Laffer On The Minimum Wage

    In response to ComingLiberalCrackup's comment:

    Ronnie-Raygun cut taxes, Congress cut spending and deficits still hit historic highs and unemployment went from 7.2% to over 10% and stayed there for nearly a year. That was the effect of voodoo economics Ronnie-Raygun cut taxes, Congress cut spending and deficits still hit historic highs and unemployment went from 7.2% to over 10% and stayed there for nearly a year. That was the effect of voodoo economics "'

    Freaking delusional !!

    By 1983, the Reagan policies of reducing taxes, spending, regulation, and inflation were in place. The result was unprecedented economic growth:

    • This economic boom lasted 92 months without a recession, from November 1982 to July 1990, the longest period of sustained growth during peacetime and the second-longest period of sustained growth in U.S. history. The growth in the economy lasted more than twice as long as the average period of expansions since World War II.10

    • The American economy grew by about one-third in real inflation-adjusted terms. This was the equivalent of adding the entire economy of East and West Germany or two-thirds of Japan's economy to the U.S. economy.11

    • From 1950 to 1973, real economic growth in the U.S. economy averaged 3.6 percent per year. From 1973 to 1982, it averaged only 1.6 percent. The Reagan economic boom restored the more usual growth rate as the economy averaged 3.5 percent in real growth from the beginning of 1983 to the end of 1990...

    Compare to Obama's massive statist economic failure!!!



     

    Reagan cut taxes and the economy improved 16 months later.  You point to that and say "see, it worked!".

    Obama passed a stimulus, and the economy improved immediately.  You point to that and say "see, it didn't work".

     

     
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  22. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Art Laffer On The Minimum Wage

    The heck with all this posturing, left and right.  We have some real-life examples of the impact of the Laffer curve and minimum wage playing out right in front of our eyes.

    Does anyone really think that France will collect more in taxes based on their 70% rate?

    Does anyone really think that raising the minimum wage has created more jobs and helped the poor here in the US?

    Here's an interesting take:

    "In an article in the Southern Economic Journal, Sabia and Burkhauser report that they "find no evidence that minimum wage increases between 2003 and 2007 lowered state poverty rates."


    Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials-on-the-right/011014-686039-minimum-wage-workers-not-who-you-think.htm#ixzz2qBrOv7av 
    Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

    So, there we have it.  Actual research that shows whatthe left wants to do will-not-work.

     
  23. You have chosen to ignore posts from RSF4Life234. Show RSF4Life234's posts

    Re: Art Laffer On The Minimum Wage

    In response to ronreganfan's comment:

    The heck with all this posturing, left and right.  We have some real-life examples of the impact of the Laffer curve and minimum wage playing out right in front of our eyes.

    Does anyone really think that France will collect more in taxes based on their 70% rate?

    Does anyone really think that raising the minimum wage has created more jobs and helped the poor here in the US?

    Here's an interesting take:

    "In an article in the Southern Economic Journal, Sabia and Burkhauser report that they "find no evidence that minimum wage increases between 2003 and 2007 lowered state poverty rates."


    Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials-on-the-right/011014-686039-minimum-wage-workers-not-who-you-think.htm#ixzz2qBrOv7av 
    Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

    So, there we have it.  Actual research that shows whatthe left wants to do will-not-work.



    The minimum wage has barely changed in the last 20 to 30 years......

     
  24. You have chosen to ignore posts from undermyskin. Show undermyskin's posts

    Re: Art Laffer On The Minimum Wage

    First thing > You have the right to say what ever you want. I have the right not to believe you.

    Msnbc, Fox , Cnn are gossipie net works based on what they think is news. They spin the events to suit their viewers.

    miunium wages are/was a base line that was started as part time base wage. Now when it increase  everything else goes (prices) up. same as the stock market with oil prices. 

    Wallys prices have gone up over 40% and product size has gone down, to off set changes.

    all because of the Give it to me Nation syndrome.

     

     
  25. This post has been removed.

     
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