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> No, that point that you're ignoring in pointing that out is that if they don't depend on these jobs then they're entirely unemployed. Those jobs don't disapp

> No, that point that you're ignoring in pointing that out is that if they don't depend on these jobs then they're entirely unemployed. Those jobs don't disappear just because you mandate a living wage.

fennecfoxen 6y ago
No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted. It's even more of a pity because we should be investing capital in meaningful things, like biotech or space exploration or environmental progress or what-have-you, instead of on stupid things like robots and restaurant apps.
- gentaro 6y ago
  > No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted. Ok, now we're getting to the root of the problem. This is argument is based off of your misunderstanding of economics. What you're missing here is this: - Jobs are a function of demand. - Demand is driven by consumers. - Consumers need capital to drive demand - The poor spend proportionately to their income much more than the wealthy. That's the circle you need to be thinking about when you're asking yourself what the impact will be on jobs. The more you drive down living standards of the poor and middle class, the fewer jobs you will have, not the other way around.
  - fennecfoxen 6y ago
    > This is argument is based off of your misunderstanding of economics Your superior "understanding" of economics is at odds with academic consensus and with reality. > Consumers need capital to drive demand Replacing five McDonalds cashiers with two cashiers, an app, and a touchscreen ordering kiosk doesn't "drive demand".
    - gentaro 6y ago
      > Your superior "understanding" of economics is at odds with academic consensus and with reality. And yet, you have no counterargument.
      - fennecfoxen 6y ago
        the marginal cost of supplying argument has exceeded the marginal benefit (zero)
        gentaro 6y ago
        and the supplier is bankrupt.

fennecfoxen 6y ago

No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted. It's even more of a pity because we should be investing capital in meaningful things, like biotech or space exploration or environmental progress or what-have-you, instead of on stupid things like robots and restaurant apps.

gentaro 6y ago
> No, all jobs don't disappear. Some, however, do. Some are no longer profitable, more are replaced by capital investments. Economics denialism is quite strong in your circles, as I noted. Ok, now we're getting to the root of the problem. This is argument is based off of your misunderstanding of economics. What you're missing here is this: - Jobs are a function of demand. - Demand is driven by consumers. - Consumers need capital to drive demand - The poor spend proportionately to their income much more than the wealthy. That's the circle you need to be thinking about when you're asking yourself what the impact will be on jobs. The more you drive down living standards of the poor and middle class, the fewer jobs you will have, not the other way around.
- fennecfoxen 6y ago
  > This is argument is based off of your misunderstanding of economics Your superior "understanding" of economics is at odds with academic consensus and with reality. > Consumers need capital to drive demand Replacing five McDonalds cashiers with two cashiers, an app, and a touchscreen ordering kiosk doesn't "drive demand".
  - gentaro 6y ago
    > Your superior "understanding" of economics is at odds with academic consensus and with reality. And yet, you have no counterargument.
    - fennecfoxen 6y ago
      the marginal cost of supplying argument has exceeded the marginal benefit (zero)
      - gentaro 6y ago
        and the supplier is bankrupt.