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Minimum wage hikes create unemployment


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2019 Apr 8, 4:20pm   9,857 views  93 comments

by FortWayneAsNancyPelosiHaircut   ➕follow (2)   💰tip   ignore  

https://www.foxnews.com/politics/15-minimum-wage-hikes-payroll-tsunami-hurt-small-businesses

I know many people who already have to do 2-3 jobs because of cuts everywhere, those cuts have been triggered by dumb Democrat laws, one was Obamacare.

Constantly raising cost of employment and goods, and everyone is fucked at the end. I swear Democrats are most economically illiterate people on the fucking planet.

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88   WookieMan   2024 May 14, 10:27am  

GNL says

Never gonna happen. IMO, we need trade schools big time.

I have no issue with trade schools. The age thing is what bothers me. They can act in movies and commercials, but not flip some burgers? Two of the people I know and are about to be neighbors with both worked at the burger joint in town at young ages. They're both successful now. My wife worked babysitting at 12 and worked the corner market around the same age. Again, successful.

Wasn't paid, but I was mowing 8 acres at 7 years old. I laid a 200 yard brick driveway by 10. Helped my dad build 4 houses by 12.

I guess I'm saying complete age restrictions on work is bull shit. We're a service industry economy. Kids won't be working in fucking steel mills. My 13 year old looks like a man and is shaving. If he has the drive and wants to flip burgers he should be allowed to. Just went to the place with burger flipping I'm talking about above and he'd look like the manager.

When you squash ones drive they become less motivated. This is undeniable. I lost my drive because my dad used me as slave labor waaaaay too young. I think most states need to move it down to 12 at least and let parents make the decision and the employer can approve or not.

There's also the compounding savings factor. Sure, a 12 year old is going to work a shit job. They make $3-5k/yr. Toss that in a compound interest calculator for those 6-10 years where mom and dad generally pay for stuff. Roughly $50k by sophomore year in college. That's $650k by social security age at 5% interest. That doesn't include your adult earnings at all past 20+.

Fact is my kids are going to need $10M by the time they're done working in 50 years. Why not let a motivated 13 year old work if they want? Just limit hours. 12-14 is the age now where drugs enter the picture. If they're working they're not doing that. We've become too soft.

Sorry for the novel. This subject gets me going.
89   GNL   2024 May 14, 1:04pm  

Nowadays you might get social services called on you if your kid is working a lemonade stand FFS. This country is waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay over regulated. We will be conquered through inflation, taxation and regulation. And illegal importation.
91   AD   2024 Jun 7, 10:20pm  

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U6 is a better indicator of employment conditions and notice its gradual increase over last 12 months. U3 is the "official unemployment rate".

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