2 ms·
> The problem with economics is the money riding on it. If one day the consensus becomes "raising the minimum wage by $5 only impacts profit; it doesn't impact
by taffer 8y ago
> The problem with economics is the money riding on it. If one day the consensus becomes "raising the minimum wage by $5 only impacts profit; it doesn't impact employment" then a lot of very rich people stand to lose a lot of money as it becomes more politically palatable.
Reality is a bit more nuanced than you depict it [1][2].
> Climate science has the same issue but fortunately they have managed to resist the corrupting influence of money.
So scientists are more or less corrupt, depending on how much you think they agree with you?
[1]http://www.igmchicago.org/surveys/minimum-wage http://www.igmchicago.org/surveys/minimum-wage
[2]http://www.igmchicago.org/surveys/15-minimum-wage http://www.igmchicago.org/surveys/15-minimum-wage