Will increasing the minimum wage to $9/hr be a net positive?

Will increasing the minimum wage to $9 be a net positive, or will it merely redistribute (rob) from those who have (and who also have the capacity to spend productively and create the means by which to produce goods and services and and thereby grow the economy honestly) and give to those who do not (have the ingenuity and real capacity to create new wealth)? How will President Obama's pet program of raising the minimum legal wage to $9/hr. productively increase our GDP (bring a net positive gain to the bottom line of the economy)?

This of course has been tried many many times before and is a popular move. I remember seeing a simple graph the last time it was tried that was produced by a Harvard economist (obviously liberal as they ALL are). It clearly showed that raises in minimum wage reduces employment ALWAYS and it was a linear relationship. Liberals never let the facts interfere with a politically popular decision.

Coupled with the tax hikes, we'll be one step closer to collapse.

Hopefully there won't be a QE4 ... let's just get it over with already!

I love the positive outlook that you all have of your fellow man, ya just got to appreciate the love. That being said I think it's a big mistake, it will just cause another round of inflation & your favorite Starbucks yuppie latte will go up in price along with everything else & those that work at these demeaning servant jobs because you all think that's all they would ever be good for will end up even worse off simply because their meager raise will be more than offset by higher prices on everything.

QE4 is baked in the cake as is Q infinity, of course, we will call it something else. The Feds $85bn a month, mostly backing MBSs will rise too it has to, but will create no business credit only liquidity for the banks that are swimming in liquidity already. Where does the money go? No one knows but a lot of it goes offshore to foreign banks.

"I interrupt Jerry Springer to bring you an an analysis of the Feds expenditure" --- HAHAHAHAHAHAHHA - we are tooooooo stupid to survive.

I love the positive outlook that you all have of your fellow man, ya just got to appreciate the love. That being said I think it's a big mistake, it will just cause another round of inflation & your favorite Starbucks yuppie latte will go up in price along with everything else & those that work at these demeaning servant jobs because you all think that's all they would ever be good for will end up even worse off simply because their meager raise will be more than offset by higher prices on everything.

Ahh, the lib nut jobs response is soooo predictable. Of course Starbucks is given as the example, not McDs as people grab a breakfast sandwich racing between multiple jobs as they struggle to survive. Oh clueless one, they have demeaning servant jobs as that is their choice. Oh, BTW just because they choose to serve others does not make it demeaning..... no clue, you are SUCH a slow learner it's depressing.

I love how Sam "ASSUMES" our character ....

And Sam, with our "commander" in chief acting as such a "beacon of hope" (HEAVY sarcasm), it's no wonder we have no optimism. He could've been the next Martin Luther King - a uniter ..... but instead he chose the 180° polar opposite ...

Sadly Smitty, this cat has the charisma and savvy to be just that. But it would have been hard work and taken real moral values to do it. He could have been considered one of the greats and been a shining example for the blacks. However, it is hard work and it would have interrupted his vacations and golf time. Easier to just demonize one class and throw gifts to the other to make sure of your reelection, take your millions and move on. He is a useful idiot to other powers.

Kevin

Sorry, to be on topic, the minimum wage will never make a difference to the people earning it. We are already spending more for the same things. The price always reflects the costs.

That's odd Jpete, somehow in your mind I answered a opinion that you hadn't even posted.
To you others, it is just a carefully worded post asking for an opinion but you all can't help but to blame everything on the libs as usual. In your zest for criticism whenever you see anything I post you don't even bother to read or comprehend that I said I don't agree with what was done by Obama. Talk about being predictable & going in circles your right everyone chooses to be all that they can be in live & go no further, have no ambition & have never had any circumstances beyond their control limit or change their lives. NB, don't forget to throw that pinkie finger out when your slurping your Micky Ds coffee.

samhill wrote:I love the positive outlook that you all have of your fellow man, ya just got to appreciate the love.

What's wrong with an outlook that gives all due credit to those who achieve? What is a proper positive outlook, if not one that duly credits achievement?

samhill wrote:That being said I think it's a big mistake, it will just cause another round of inflation & your favorite Starbucks yuppie latte will go up in price along with everything else & those that work at these demeaning servant jobs because you all think that's all they would ever be good for will end up even worse off simply because their meager raise will be more than offset by higher prices on everything.

Am I to understand that people work at Starbucks and the like specifically because "others" think that's all they are good for? The only relevant "others" to this equation are the employers. Apparently it is the employers FAULT that such servant class jobs exist.

Isayre, I guess as with others here you don't know sarcasm when you read it. Could be it's a con trait (watch yourself) , are you actually implying that your wording in the first post didn't hint of any discrimination or was it sarcasm?

samhill wrote:Isayre, I guess as with others here you don't know sarcasm when you read it. Could be it's a con trait (watch yourself) , are you actually implying that your wording in the first post didn't hint of any discrimination or was it sarcasm?

It is a fact that President Obama is my President, and that he is demanding an increase in the minimum wage. How on earth does my objection to this hint of discrimination?

There is no sarcasm in my initial post. Only questions demanding answers.

jpete is so right when he says the real minimum wage is zero,and that is what many will get when the libs tie a ball and chain to our ankles and expect us to compete with China,I can't believe all libs fell asleep in economics class,but obviously,they did.

Isayre, there are other types of discrimination besides racial among those are economic, if those that have the capacity to grow this economy then why on earth have they not done anything but grow their own, the tax rate was in effect for 12 years, = less employment (in the US) & a much higher wealth rate for those so called job creators.