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In the US, the minimum age to purchase alcohol is 21. It used to be 18. In other places it's younger, and/or it depends on the alcoholic content of the drink.
by eesmith 6y ago
In the US, the minimum age to purchase alcohol is 21. It used to be 18. In other places it's younger, and/or it depends on the alcoholic content of the drink.
So, is 21 the right age? Is 18? Is 16?
Honest question: how would you go about answering your question?
Economists disagree with each other, so it's not something that an HN comment is going to resolve.
Me, I based it on how the minimum wage from the 1950s, adjusted for productivity, would be about $25/hour - https://edition.cnn.com/2021/02/21/politics/minimum-wage-inflation-productivity/index.html https://edition.cnn.com/2021/02/21/politics/minimum-wage-inf... .
This means the productivity benefits are going somewhere, but not to the poorest people who are working the most.
Raise minimum wage to $20/hour (and/or increase collective barganining power), and raise taxes on the wealthiest, and increase the social safety net - pretty bog-standard social democratic viewpoints.