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[–] Gerplunckamo 64 points 180 points (+244|-64) ago 

Anyone else ready for the unemployment rate to skyrocket?


[–] Flaaffy 23 points 168 points (+191|-23) ago  (edited ago)

Actually, it wont. Obama made sure everyone who is unemployed and on the state will no longer count as being unemployed.

This way, statistics will show that the unemployment rate has dropped or not changed.

...Tricky Bastard.


[–] Echo_of_Savages 0 points 88 points (+88|-0) ago 

Always ask for the poverty rate instead of the unemployment rate. It's more eye - opening to the state of the economy


[–] battle 0 points 28 points (+28|-0) ago 

That's been going on for years.


[–] ThePieAssassin 0 points 11 points (+11|-0) ago 

Lets see how affordable that "Affordable" Health care act will be for those families that are no longer below the threshold for the government assistance.


[–] Azriel777 0 points 4 points (+4|-0) ago 

Bush JR did something similar with including a lot of low wage jobs like working at McDonald as port of the job market report, which was originally for mid tier and higher jobs only, so it padded the unemployment numbers to make it look like there was plenty of jobs happening when it wasn't..


[–] Paranatural 5 points 43 points (+48|-5) ago 

Do you have any actual studies that demonstrate that it leads to unemployment?


[–] ReadShift 4 points 25 points (+29|-4) ago 

Here is another comment by brainbaobao with those studies you ordered:


[–] Ripper 20 points 20 points (+40|-20) ago 

Well I am a manager that is trying to keep his department afloat and has to take in price of labor in the numbers that I present to justify my job and keep my bank from closing the doors. Real world struggle. We pay 15 bucks per hour but we do like to have a year or two experience on the job and able to justify their employment. Plus we like to think that a job producing a product is much more valuable than flipping burgers, or stocking shelves. What's the point of working hard if the same dip shit who plays GTA all day, gets paid the same as the guy who busts his ass. Why make yourself better? Study harder to get a leg up on others?


[–] pequenopete 0 points 1 points (+1|-0) ago

"Raising the federal minimum wage to $10.10, as President Barack Obama and Democrats in Congress are proposing, could result in about 500,000 jobs being lost by late 2016, the Congressional Budget Office estimated"


[–] Adonis_Von_Megadong 0 points 0 points (+0|-0) ago 

I don't think it'll have a huge effect on employment rates, however we should expect to see a rise in price for many products. Depending on how much the price increase is, that could potentially negate the pay increase.


[–] ViolentlyMasticates 2 points 24 points (+26|-2) ago  (edited ago)

We recently raised the minimum wage in Australia, and despite a housing bubble and other issues, the unemployment rate has remained stable. We do this every year or so to keep in line with inflation, because, you know, that makes economic sense. If its not being at least minimally matched to inflation, it means that the minimum wage goes DOWN every year inflation goes up.


[–] dart200 4 points 13 points (+17|-4) ago 

get your proof outta here! Got no room for that in a libertarian wet dream!


[–] Rummel 14 points 13 points (+27|-14) ago 

I'm not a lazy Marxist, so ...yes?