4 ms·

The war over the minimum wage

6 points by kawera 9y ago

bassman9000 9y ago
Citing the Berkeley study Berkeley had to cut 500 jobs themselves after, among other things, the $15 min wage raise https://www.washingtonpost.com/news/grade-point/wp/2016/04/12/uc-berkeley-to-cut-500-positions-in-next-two-years/?noredirect=on&utm_term=.1fea27da23cf https://www.washingtonpost.com/news/grade-point/wp/2016/04/1...
oconnor663 9y ago
> No idea in economics provokes more furious argument than the minimum wage. Someone hasn't argued about the gender wage gap recently.
- megaman22 9y ago
  Yikes. What a minefield that is. God help you if you dare to tread there. No amount of facts or rational evidence will save you from the zealots.
Aloha 9y ago
I think continuing to prop up the 19th century idea of a minimum wage is foolish - it distorts the labor market, and reduces labor mobility. If we want to do something for the future, replace minimum wage with a minimum income scheme, and let the market decide. I strongly suspect you'd see higher labor participation and higher wages overall a decade after implementation. We're looking ahead to an era where full employment may not be a possibility - we should get ahead of it, rather than waiting for doomsday. But for right now, anything that increases labor mobility would be a net economic benefit.
jxdxbx 9y ago
The evidence is overwhelming that labor markets are monopsonistic, meaning that wages are almost always below what a competitive market would produce. Minimum wages work as advertised.
Steel_Phoenix 9y ago
The minimum wage seems like an issue that is kept alive so that politicians have something convenient to run on. The rhetoric is already written, the battle lines drawn. If they actually cared more about the wage than the convenient wedge, they would tie the minimum wage to a cost of living indicator so it wouldn't need to be a crisis every election season. This would leave them free to argue over percentage of cost of living, but clearly, brinksmanship is a feature in their minds.
whitelionel 9y ago
I almost fell for scam, until I met this my old time friend who works for the dark web work,he’s highly skilled in all types of hacking and I bet you’re safe with him. Contact him on cipherhacker1 @ gmail . com You just try it and tell the sweet testimony like I am also,I told him I owe him a lot, and I have to pay him by letting people know his good works. He does all types of hacking according to what he told me, which includes Facebook, Snapchat,mail,Instagram.He also hacks phone, bitcoin address, western union to increase money, and CCTV,also iPhone and Icloud hacking,he also does grade upgrading and changing. money back guaranteed. contact him and I bet,you’ll tell a success story, because he has never failed in all he did for me. cipherhacker1 @ gmail . com that’s his mail.
whitelionel 9y ago
I almost fell for scam, until I met this my old time friend who works for the dark web work,he’s highly skilled in all types of hacking and I bet you’re safe with him. Contact him on cipherhacker1@gmail.com You just try it and tell the sweet testimony like I am also,I told him I owe him a lot, and I have to pay him by letting people know his good works. He does all types of hacking according to what he told me, which includes Facebook, Snapchat,mail,Instagram.He also hacks phone, bitcoin address, western union to increase money, and CCTV,also iPhone and Icloud hacking,he also does grade upgrading and changing. money back guaranteed. contact him and I bet,you’ll tell a success story, because he has never failed in all he did for me. cipherhacker1@gmail.com that’s his mail.

6 points by kawera 9y ago

Citing the Berkeley study Berkeley had to cut 500 jobs themselves after, among other things, the $15 min wage raise https://www.washingtonpost.com/news/grade-point/wp/2016/04/12/uc-berkeley-to-cut-500-positions-in-next-two-years/?noredirect=on&utm_term=.1fea27da23cf https://www.washingtonpost.com/news/grade-point/wp/2016/04/1...

oconnor663 9y ago

> No idea in economics provokes more furious argument than the minimum wage. Someone hasn't argued about the gender wage gap recently.

megaman22 9y ago
Yikes. What a minefield that is. God help you if you dare to tread there. No amount of facts or rational evidence will save you from the zealots.

Aloha 9y ago

I think continuing to prop up the 19th century idea of a minimum wage is foolish - it distorts the labor market, and reduces labor mobility. If we want to do something for the future, replace minimum wage with a minimum income scheme, and let the market decide. I strongly suspect you'd see higher labor participation and higher wages overall a decade after implementation. We're looking ahead to an era where full employment may not be a possibility - we should get ahead of it, rather than waiting for doomsday. But for right now, anything that increases labor mobility would be a net economic benefit.

jxdxbx 9y ago

The evidence is overwhelming that labor markets are monopsonistic, meaning that wages are almost always below what a competitive market would produce. Minimum wages work as advertised.

Steel_Phoenix 9y ago

The minimum wage seems like an issue that is kept alive so that politicians have something convenient to run on. The rhetoric is already written, the battle lines drawn. If they actually cared more about the wage than the convenient wedge, they would tie the minimum wage to a cost of living indicator so it wouldn't need to be a crisis every election season. This would leave them free to argue over percentage of cost of living, but clearly, brinksmanship is a feature in their minds.

whitelionel 9y ago

I almost fell for scam, until I met this my old time friend who works for the dark web work,he’s highly skilled in all types of hacking and I bet you’re safe with him. Contact him on cipherhacker1 @ gmail . com You just try it and tell the sweet testimony like I am also,I told him I owe him a lot, and I have to pay him by letting people know his good works. He does all types of hacking according to what he told me, which includes Facebook, Snapchat,mail,Instagram.He also hacks phone, bitcoin address, western union to increase money, and CCTV,also iPhone and Icloud hacking,he also does grade upgrading and changing. money back guaranteed. contact him and I bet,you’ll tell a success story, because he has never failed in all he did for me. cipherhacker1 @ gmail . com that’s his mail.

whitelionel 9y ago

I almost fell for scam, until I met this my old time friend who works for the dark web work,he’s highly skilled in all types of hacking and I bet you’re safe with him. Contact him on cipherhacker1@gmail.com You just try it and tell the sweet testimony like I am also,I told him I owe him a lot, and I have to pay him by letting people know his good works. He does all types of hacking according to what he told me, which includes Facebook, Snapchat,mail,Instagram.He also hacks phone, bitcoin address, western union to increase money, and CCTV,also iPhone and Icloud hacking,he also does grade upgrading and changing. money back guaranteed. contact him and I bet,you’ll tell a success story, because he has never failed in all he did for me. cipherhacker1@gmail.com that’s his mail.