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The professional economists who've actually researched this matter disagree with you.

by hopler 8y ago

0815test 8y ago
France has sky-high minimum wages (and, just as importantly, labor market regulations), and the French labor market also has huge issues with low-skilled workers being essentially shut out of it. Coincidence? Germany had the same issue, and they had to introduce special "Minijobs" that don't pay minimum wage, to address it. Who are you going to believe, the professional economists who are actually researching the matter, or your lying eyes?
- moorhosj 8y ago
  You forgot to mention how France has a significantly lower poverty rate than the US.
  - gwright 8y ago
    I don't know about French poverty stats, but in the US the typical stats regarding poverty are terrible misleading. The basic problem is the highly publicized poverty rate from the Census bureau excludes huge amounts of assistance (trillions of $$). Which leads to this perverse cycle: 1) observe poverty rate based on income is x% 2) argue successfully to increase assistance that won't be counted as income 3) observe that the poverty rate based on income hasn't changed 4) GOTO 2 Here is a good summary of this dysfunctional situation: https://www.manhattancontrarian.com/blog/2018-10-14-nice-to-see-that-somebody-is-paying-attention-to-the-poverty-scam https://www.manhattancontrarian.com/blog/2018-10-14-nice-to-...
    - moorhosj 8y ago
      That article is clearly biased as it calls the topic a “scam” with no evidence (and includes basically zero data citations). This argument is nothing new and it still doesn’t make sense. Of course we want to measure how people are doing before government assistance, how else would we know who needs assistance? Either way, this is besides the point anyone was making. We can look at French poverty rates, healthcare costs, or income distribution and see that they are outperforming the US in many areas. Their labor regulations are likely one of the reasons.
tokyodude 8y ago
and lots who don't http://www.econtalk.org/extra/where-have-all-the-busboys-gone/ http://www.econtalk.org/extra/where-have-all-the-busboys-gon...

The professional economists who've actually researched this matter disagree with you.

by hopler 8y ago

The professional economists who've actually researched this matter disagree with you.

France has sky-high minimum wages (and, just as importantly, labor market regulations), and the French labor market also has huge issues with low-skilled workers being essentially shut out of it. Coincidence? Germany had the same issue, and they had to introduce special "Minijobs" that don't pay minimum wage, to address it. Who are you going to believe, the professional economists who are actually researching the matter, or your lying eyes?

moorhosj 8y ago
You forgot to mention how France has a significantly lower poverty rate than the US.
- gwright 8y ago
  I don't know about French poverty stats, but in the US the typical stats regarding poverty are terrible misleading. The basic problem is the highly publicized poverty rate from the Census bureau excludes huge amounts of assistance (trillions of $$). Which leads to this perverse cycle: 1) observe poverty rate based on income is x% 2) argue successfully to increase assistance that won't be counted as income 3) observe that the poverty rate based on income hasn't changed 4) GOTO 2 Here is a good summary of this dysfunctional situation: https://www.manhattancontrarian.com/blog/2018-10-14-nice-to-see-that-somebody-is-paying-attention-to-the-poverty-scam https://www.manhattancontrarian.com/blog/2018-10-14-nice-to-...
  - moorhosj 8y ago
    That article is clearly biased as it calls the topic a “scam” with no evidence (and includes basically zero data citations). This argument is nothing new and it still doesn’t make sense. Of course we want to measure how people are doing before government assistance, how else would we know who needs assistance? Either way, this is besides the point anyone was making. We can look at French poverty rates, healthcare costs, or income distribution and see that they are outperforming the US in many areas. Their labor regulations are likely one of the reasons.

tokyodude 8y ago

and lots who don't http://www.econtalk.org/extra/where-have-all-the-busboys-gone/ http://www.econtalk.org/extra/where-have-all-the-busboys-gon...