3 ms·
I am, and I guess I need to spell out the point more explicitly. The point was that raising the minimum wage demonstrably affects employment by the fact that w
by supernova87a 6y ago
I am, and I guess I need to spell out the point more explicitly. The point was that raising the minimum wage demonstrably affects employment by the fact that we every day choose to send work overseas instead of using people here at home at higher wages.
So the notion that raising minimum wages doesn't affect employment just doesn't hold water unless you study it in a very isolated environment, where the effects of it get washed out by the larger absorptive capacity of the broader labor market.
- jahaja 6y agoNorthern Europe haven't had significantly more unemployment even though the labour costs and regulations are much better than in the US. How would you explain that?
- caballeto 6y agoThat is false. Example: unemployment rate of youth in Spain for 2019 was 32.9%, the rate for same period in US was around 9%. Similar situation in other Northern Europe countries, with high unemployment rate especially among youth, as they are the most vulnerable to minimum wage laws which limit their ability to acquire skills and experience needed to move to higher paying jobs.
- jahaja 6y agoNo. I never said anything about Spain and southern europe. Overall unemployment isn't worse historically. Not sure why you cherry-pick youth as if it invalidates the overall stat somehow. But even that stat isn't worse historically.
- 8note 6y agoYou have not actually demonstrated this though. No evidence you provide won't be just as good of evidence for alternative causes of sending work overseas, like cost of living.
- EliRivers 6y agoThe point was that raising the minimum wage demonstrably affects employment by the fact that we every day choose to send work overseas instead of using people here at home at higher wages. You're going to have to work a lot harder to prove that those two facts are related than just saying them. Perhaps you mean that the very lowest paid jobs are those that are outsourced? Are you talking about very low-wage factory jobs, such that people in China may be paid a few dollars an hour where the same in the US would be many dollars an hour? Or are you talking about IT outsourcing, which happens at values much higher than minimum wage? If I have to guess your arguments and make them for you, then I don't really need you in this conversation at all, I suppose.