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factfinder_77

factfinder_77's Journal
factfinder_77's Journal
April 12, 2016

Democrats have lost their minds over the minimum wage

http://theweek.com/articles/616528/democrats-have-lost-minds-over-minimum-wage

An interesting read.

This consensus began to fray with a 1992 study by economists David Card and Alan Kreuger, who found that New Jersey's minimum wage hike — from $4.25 to $5.05 — did not lead to expected job losses in the state's fast food restaurants. This finding has been hotly contested, but even if it were true, it doesn't mean there are no other downsides to minimum wage laws. For example, sometimes employers don't respond to minimum wage hikes by laying off workers, but instead by raising prices for consumers. (Minimum wage opponents haven't helped their case by hitching it almost exclusively to job losses while ignoring the other, equally pernicious, adjustment responses by businesses.)


There is only one scenario, according to Naval Postgraduate School economist David Henderson, under which a modest legally mandated minimum wage might do more good than harm: when employers enjoy monopsony power (a monopoly on the buying side) in the labor market, either because there are very few of them or because workers can't leave for some reason. Employers then have a relatively free hand to hold wages down. A mandated minimum wage under those circumstances merely diverts the firm's "excess profits" to the worker, something that would have happened automatically in a more competitive market. But it doesn't diminish a company's productivity or its incentive for additional hiring — thereby actually boosting job growth. But genuine monopsony isn't common and would require a very finely calibrated and skillfully crafted minimum wage, which is not how blanket policies work in the real world
April 12, 2016

Sanders Campaingn collapsing in NY: - 16, -18, - 12, -14

A 56 to 44 ( +12) win to Hillary would give her 138 delegates, 109 to Sanders,
cancelling Sandes delegates gain in Alaska, Washington and Hawaii combined.

Hillary would then have 1925 delegates.

A 58 to 42 (+14) win to Hillary would give her 143 delegates, 104 to Sanders
cancelling Sanders delegate gain in Alaska, Washington, Hawaii, Michigan and Nebraska

http://www.realclearpolitics.com/epolls/2016/president/ny/new_york_democratic_presidential_primary-4221.html


April 11, 2016

Poll: Most Americans unwilling to vote for a socialist

http://www.politico.com/story/2015/06/poll-voters-socialist-atheist-catholic-119273

In a gallup poll last year, just 47 percent of Americans would vote for a socialist if their party nominated one,

The poll, conducted June 2-7, surveyed 1,527 adults nationwide on the telephone, carrying an overall margin of error of plus or minus 3 percentage points.

April 11, 2016

New York’s closed primary - Bernie Sanders’ Achilles’ heel

There is no same-day registration in the state. Independents or members of third parties who want to vote as Democrats had to change their party registration by October 9.

And new voters – another key Sanders voting bloc – had to register by March 25, just days after the Sanders campaign deployed their first paid staffers in New York and the day before they opened their first field office there.

http://www.msnbc.com/msnbc/new-yorks-closed-primary-could-be-bernie-sanders-achilles-heel

April 11, 2016

Bernie Sanders Releases 'New York Values' Ad



New York values, forged in New York. Brooklyn born. Native son. Who knows what we know: we’re all in this together,” the 30-second spot concludes.

..

April 11, 2016

US faces 'disastrous' $3.4tn pension funding hole - What is BS solution ?

The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes

So my question to the BS supporters are. How will your candidate handle the issue ?

By revoking international trade deals, increasing wages hence losing jobs to automation/robots, end all military funding, and ban fracking, making US dependent of oil import from UAE nations ?


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