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> An unintended consequence is typically something that is not foreseeable I'm using the definition of "an unintended consequence is a consequence that was not
by theptip 8y ago
> An unintended consequence is typically something that is not foreseeable
I'm using the definition of "an unintended consequence is a consequence that was not intended". Whether it was foreseeable is a different matter.
Put another way, I believe that the intention of most people advocating a $15/h minimum wage is to increase the welfare of those currently earning sub-$15/h wages, not to eradicate their jobs. Therefore if job eradication is the consequence of the policy under discussion, then it is an unintended consequence for those advocates.
- grandmczeb 8y agoNot to derail the conversation too far, but there are actually cases where a minimum wage has been used as a tool to eliminate certain jobs. For example, a big sticking point of the new NAFTA deal was the requirement that exported cars be manufactured in a factory with a $16/hr wage floor, with goal of making exports from Mexico uncompetitive and move some of those manufacturing jobs to the US. Obviously, I don't think that's the common policy goal though.