4 ms·

This is another criticism, not an alternative proposal. Please give an alternative proposal.

crdoconnor 10y ago
Raise the minimum wage to $20/hour. Watch as "serious economists" lie about: * All of the jobs that will actually not disappear. * All of the prices that will actually not rise (by much). And try really really hard to pretend that: * Raising the minimum wage doesn't channel profits into the pockets of workers. What surprises me isn't that they lie. What surprises me is that people continue to believe them.
- thebokehwokeh2 10y ago
  > Raise the minimum wage to $20/hour. I don't know how you came to the conclusion of western liberalism being against raising the minimum wage when it's been a core tenet of their platforms for over a decade now. But to $20 an hour is something neither liberal nor conservative has EVER advocated for as until there is a public uproar for it, both will always side with corporate interests. That said, your proposition is an alternative solution that I have never heard anyone of actual influence from either side of the political spectrum (outside of Sanders) ever bring up.
  - Retric 10y ago
    In direct inflation terms the minimum wage was ~10.50 / hour in 1968 or around the current minimum wage in France. Though as a percentage of the economy it was more than 20$/hour. Thus, it's not quite as clear cut as you are suggesting. PS: Inflation is not really a single number as some but not all things end up costing less to produce over time. In other words, A may get more expensive while B becomes less expensive. Which makes long term inflation calculations more complicated.
  - astine 10y ago
    Despite the fact that political language in the United States confuses this, 'Western Liberalism' is not the same thing as 'Progressivism'. Western Liberalism is about liberal democracy combined with free-ish markets. This can come with a minimum wage, or it might not. It encompasses the vast majority of the political landscape in most Western countries and everyone from American conservatives and to British labour fall under its domain.
  - crdoconnor 10y ago
    I don't quite believe I'm hearing somebody say "aside from one of the 3 Presidential candidates who were all in the news constantly, nobody said this so nobody has EVER advocated for it". The fact that the corporatist extremists ("moderates" like Obama and Clinton) squeeze this kind of idea from the public discourse is exactly what led to declining incomes which in turn is what made people furious enough to vote for Trump.
- nrclark 10y ago
  Out of curiosity, what do you suppose are the long-term effects of raising minimum wage? If you were a landlord managing an apartment building, how much do you charge for a unit? If all of your tenants suddenly make twice as much money as they did, how long before you double their rent? If a McDonalds needs to pay all of its employees twice as much money, how long before they double their food prices to make up the difference? I feel like the working poor in this country get a terrible deal in this world - we definitely need to make conditions better. But does raising minimum wage actually do that in the long run? Or does it just increase inflation and destroy any savings the poor might have?
  - guard-of-terra 10y ago
    > If you were a landlord managing an apartment building, how much do you charge for a unit? If all of your tenants suddenly make twice as much money as they did, how long before you double their rent? Remember, your tenants are now able to move to gentrified areas, their wages allow that. Some might want to get a mortgage for a house they could not dream of previously. So now your apartments will have to compete with much wider selection of property. You'll raise prices definitely, but not as much as you would think, and you'll spend most of the difference doing renovations and spending on security.
    - Retric 10y ago
      It also assumed increasing minimum wage would increase everyone wage. It's not going to boost a retired persons income or a CEO's pay for example.
  - bduerst 10y ago
    Coincidentally, housing prices (buy/rent) are income-elastic and one of the criticisms of a blanket UBI, not just minimum wage.
    - TeMPOraL 10y ago
      Did anyone compile a list of ways to handle this problem? I'm all for UBI, but this feels like a show-stopper, and I don't know of any workaround.
- tim333 10y ago
  >Raise the minimum wage to $20/hour. Watch as "serious economists" lie appears a bit of a strawman argument. Googling "$20 minimum wage" the only thing on page one is an article explaining the obvious that people would lose jobs if you did. http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we-increase-the-minimum-wage-to-20hour/#4d63a6083b2e http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we...
  - crdoconnor 10y ago
    >explaining the obvious that people would lose jobs That is neither obvious nor is it true. It is the opposite of what is observed experimentally. When the effect of minimum wage hikes is measured across state borders employment remains static.
- PeterisP 10y ago
  A significant rise of the minimum wage would rapidly accelerate the ongoing process of automation making people unemployable. Already there are swaths of jobs that could be done better by machines but currently it's cheaper to hire a "cheap brown person" as the parent post says by outsourcing it. For example, the manufacture of clothing and footwear which currently employs many millions of people worldwide, mostly in SE Asia. As soon as rising wages pass that barrier and companies pony up for the required capital investments these jobs are never coming back. There will always be more desires for new jobs/tasks that could be done - but the market price for them will be below the minimum wage, so they will happen only as hobbies.
  - crdoconnor 10y ago
    >There will always be more desires for new jobs/tasks that could be done - but the market price for them will be below the minimum wage That's a brave and entirely unsourced claim. Given that this never happened in the past (e.g when almost the entire workforce was automated out of farm work), why are you so confident it will happen in the future?

Raise the minimum wage to $20/hour. Watch as "serious economists" lie about: * All of the jobs that will actually not disappear. * All of the prices that will actually not rise (by much). And try really really hard to pretend that: * Raising the minimum wage doesn't channel profits into the pockets of workers. What surprises me isn't that they lie. What surprises me is that people continue to believe them.

thebokehwokeh2 10y ago
> Raise the minimum wage to $20/hour. I don't know how you came to the conclusion of western liberalism being against raising the minimum wage when it's been a core tenet of their platforms for over a decade now. But to $20 an hour is something neither liberal nor conservative has EVER advocated for as until there is a public uproar for it, both will always side with corporate interests. That said, your proposition is an alternative solution that I have never heard anyone of actual influence from either side of the political spectrum (outside of Sanders) ever bring up.
- Retric 10y ago
  In direct inflation terms the minimum wage was ~10.50 / hour in 1968 or around the current minimum wage in France. Though as a percentage of the economy it was more than 20$/hour. Thus, it's not quite as clear cut as you are suggesting. PS: Inflation is not really a single number as some but not all things end up costing less to produce over time. In other words, A may get more expensive while B becomes less expensive. Which makes long term inflation calculations more complicated.
- astine 10y ago
  Despite the fact that political language in the United States confuses this, 'Western Liberalism' is not the same thing as 'Progressivism'. Western Liberalism is about liberal democracy combined with free-ish markets. This can come with a minimum wage, or it might not. It encompasses the vast majority of the political landscape in most Western countries and everyone from American conservatives and to British labour fall under its domain.
- crdoconnor 10y ago
  I don't quite believe I'm hearing somebody say "aside from one of the 3 Presidential candidates who were all in the news constantly, nobody said this so nobody has EVER advocated for it". The fact that the corporatist extremists ("moderates" like Obama and Clinton) squeeze this kind of idea from the public discourse is exactly what led to declining incomes which in turn is what made people furious enough to vote for Trump.
nrclark 10y ago
Out of curiosity, what do you suppose are the long-term effects of raising minimum wage? If you were a landlord managing an apartment building, how much do you charge for a unit? If all of your tenants suddenly make twice as much money as they did, how long before you double their rent? If a McDonalds needs to pay all of its employees twice as much money, how long before they double their food prices to make up the difference? I feel like the working poor in this country get a terrible deal in this world - we definitely need to make conditions better. But does raising minimum wage actually do that in the long run? Or does it just increase inflation and destroy any savings the poor might have?
- guard-of-terra 10y ago
  > If you were a landlord managing an apartment building, how much do you charge for a unit? If all of your tenants suddenly make twice as much money as they did, how long before you double their rent? Remember, your tenants are now able to move to gentrified areas, their wages allow that. Some might want to get a mortgage for a house they could not dream of previously. So now your apartments will have to compete with much wider selection of property. You'll raise prices definitely, but not as much as you would think, and you'll spend most of the difference doing renovations and spending on security.
  - Retric 10y ago
    It also assumed increasing minimum wage would increase everyone wage. It's not going to boost a retired persons income or a CEO's pay for example.
- bduerst 10y ago
  Coincidentally, housing prices (buy/rent) are income-elastic and one of the criticisms of a blanket UBI, not just minimum wage.
  - TeMPOraL 10y ago
    Did anyone compile a list of ways to handle this problem? I'm all for UBI, but this feels like a show-stopper, and I don't know of any workaround.
tim333 10y ago
>Raise the minimum wage to $20/hour. Watch as "serious economists" lie appears a bit of a strawman argument. Googling "$20 minimum wage" the only thing on page one is an article explaining the obvious that people would lose jobs if you did. http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we-increase-the-minimum-wage-to-20hour/#4d63a6083b2e http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we...
- crdoconnor 10y ago
  >explaining the obvious that people would lose jobs That is neither obvious nor is it true. It is the opposite of what is observed experimentally. When the effect of minimum wage hikes is measured across state borders employment remains static.
PeterisP 10y ago
A significant rise of the minimum wage would rapidly accelerate the ongoing process of automation making people unemployable. Already there are swaths of jobs that could be done better by machines but currently it's cheaper to hire a "cheap brown person" as the parent post says by outsourcing it. For example, the manufacture of clothing and footwear which currently employs many millions of people worldwide, mostly in SE Asia. As soon as rising wages pass that barrier and companies pony up for the required capital investments these jobs are never coming back. There will always be more desires for new jobs/tasks that could be done - but the market price for them will be below the minimum wage, so they will happen only as hobbies.
- crdoconnor 10y ago
  >There will always be more desires for new jobs/tasks that could be done - but the market price for them will be below the minimum wage That's a brave and entirely unsourced claim. Given that this never happened in the past (e.g when almost the entire workforce was automated out of farm work), why are you so confident it will happen in the future?