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> So my understanding of economics is not an issue here. Actually it is, because most economists agree that you can raise the minimum wage and have -some- posi
by partiallypro 11y ago
> So my understanding of economics is not an issue here.
Actually it is, because most economists agree that you can raise the minimum wage and have -some- positive outcome. It depends on market elasticity. But, sure you can believe whatever you want. There's a reason why you can raise a minimum wage by $1 with some positive effects (you could still have negative effects,) and not $100 because it would have massive negative effects. It all depends on market elasticity, it's curve.
The argument above was basically, 'modern economics isn't a real because it assumes rational actors!,' which is absolute nonsense.