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The Economic Case for Raising the Minimum Wage

by on Feb 12, 2014

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The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed ...

The minimum wage helps support family incomes, reducing inequality and poverty, but as a slide deck from the Council of Economic Advisers shows, as the real value of the minimum wage has been allowed to erode, it has stopped serving this important purpose.

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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy Sanityman this discussion is closed. I concurred with the panel that minimum wage only hurts the low income class. By the way, I did some reading and I want Tomyris01, Mr. Tubbs and Mr. Coss to know that they were correct in their arguments. Raising the minimum wage does not help the economy or the low income class. Despite coming from an underprivileged background, people need to be disgust enough with their situations to want to improve it. 3 weeks ago
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  • sanityman sanityman let me make the research first then i will contribute on it but thanks for your wonderful report 3 weeks ago
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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy Tomyris01 I am still doing some census reports. I didn't get a chance to review the links. They are written in my address book. This weekend, I should be able to comment on it. 1 month ago
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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy Mr. Coss I did not get to do the research yet. But I have the link written down in my address book. By this weekend, I should be able to comment on it. 1 month ago
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  • Tomyris01 Tomyris01 @phuongh T.W.A.T 1 month ago
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  • phuongh phuongh http://ebognew.com/ 1 month ago
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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy I totally agree with you Mr. Coss. My former supervisor said the same thing to me in 2007. He said: 'Nadia there are people you can reach writing books.' I lived the problem, and can identify with the pain of lack and hunger. Research is good, but personal experience heals broken wounds and scars. Thank you Mr. Coss, you are a decent human-being. 1 month ago
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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy Thanks for your 2011 report Tomyris01. According to the report, there are jobs available. It is 2014, and what I see on a daily basis is escalating. Tom it is good to have statistics and documents to give a clear census, but don't you think it is better to visit these soup kitchens, emergency shelters and poverty stricken communities to get a feel of the problem? 1 month ago
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  • NadiaMcDonald1 Nadia McDonald at Kingsway Academy Those were intriguing analysis Mr.Coss. There are wealthy families who encounter challenges as well. Being in the medical profession, I know you've seen the good, bad and the ugly. Thanks for the link, I will do my research tonight. When you stated that there is a root cause of poverty, that should not be easy to identify because I grew up in a very unstable environment. There are single mothers running these households. In most cases, poverty stricken communities stem from a cycle of poverty. But before I elaborate on that aspect, I will get back to you after I read the link. 1 month ago
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  • tcoss Thomas A. Coss, CEO at HeartCloud Inc. What if the solution to poverty isn't in policy, or Economics but rather in story? Books like Uncle Tom's Cabin, The Jungle, Atlas Shrugged, and my favorite, the short story Harrison Bergeron by Kurt Vonnnegut - https://ia601009.us.archive.org/15/items/HarrisonBergeron/Harrison%20Bergeron.pdf , Stories like these capture , challenge and compel individuals to be conscientious. I get the calculus, marco-economic theory and finance and I'm now convinced that story writers are the one's best equipped to help the poor.

    No pressure, but we need story tellers and writers of those stories, we need you.
    1 month ago
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