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Remember when there was debate over $15 dollar minimum wage and people arguing against it said that would just increase inflation? Well entry level low skill jo

by weezin 4y ago

Remember when there was debate over $15 dollar minimum wage and people arguing against it said that would just increase inflation? Well entry level low skill jobs pay over $15 dollars an hour and now we have inflation.

bin_bash 4y ago
Affirming the consequent fallacy: > If Brian had been thrown off the top of the Eiffel Tower, then he would be dead. > Brian is dead. > Therefore, Brian was thrown off the top of the Eiffel Tower.
- pessimizer 4y ago
  You're using it as a generalized argument that could be used to cast doubt on anything that is true. If someone makes a prediction if A then B, then we decide to do A and B happens, the duty of people who still believe that A doesn't imply B is to at least speculate about alternate causes of B, not to argue against the concept of cause and effect. I say this as someone who thinks $15 is too low.
- weezin 4y ago
  Only one problem, mapping my statement to your example, Brian was thrown off the Eiffel Tower and Brian is dead. Now did Brian land in a net and die of other causes? I guess you have to argue without using random fallacies that don't apply.
dmamills 4y ago
The suggestion of this comment being that the people making the least are the people causing the problem?
- weezin 4y ago
  No, that its not an issue of shear dollars its an issue of prices being targeted toward the people that make the least.
  - dmamills 4y ago
    I'm sorry, I don't understand what you are trying to say with this.
    - weezin 4y ago
      It's fine, I actually wasn't expecting it to be a hot take or I would have explained my view better. edit: I thought you said didn't. My point is that wages are correlated with inflation, and increasing wages does not increase quality of life.
      - RankingMember 4y ago
        > increasing wages does not increase quality of life That's a whopper of a statement. What are you basing that on? As someone whose increased wages allowed for home ownership and breathing room for emergencies, this seems intuitively incorrect, but we don't have to rely on intuition: there are solid studies that found the same, as well as pointing out the broader societal impacts of wealth inequality related to low wages, e.g. https://healtheconomicsreview.biomedcentral.com/articles/10.1186/s13561-017-0163-5 https://healtheconomicsreview.biomedcentral.com/articles/10....
        weezin 4y ago
        Thats not what I mean... I mean from a macro level increasing wages through something like a minimum wage. When you increase minimum wage, the new minimum wage becomes the new low wage and the quality of life goes back to where it was before through inflation. edit: should be standard of living instead of quality of life.
      - dmamills 4y ago
        I completely disagree that higher wages does not increase quality of life. Especially when we are discussing minimum wage workers. Certainly there is a threshold at which the increments have a diminishing effect. But minimum wage workers are still roughly around 50 thousand dollars a year away from that point. When you are making minimum wage, every dollar counts in relieving the stress of simply trying to exist.
deleted 4y ago
[deleted]
2000UltraDeluxe 4y ago
Yeah, because the US raising their minimum wage was the only significant thing to affect the World economy the last three years. /s I'd say post-pandeming fumbling, pumping billions into the (global) economy combined with an energy crisis and a food shortage looming over some parts of the world, supply chain issues leading to scarcity for some things previously considered readily available commodities, not to mention a certain special military operation in Europe have also contributed. It's a perfect storm consisting of things that many considered unthinkable five years ago.
- weezin 4y ago
  > Yeah, because the US raising their minimum wage was the only significant thing to affect the World economy the last three years. /s We didn't increase minimum wage, nor did I imply that.. Do you think wages aren't correlated with inflation? If so why?

by weezin 4y ago

bin_bash 4y ago

Affirming the consequent fallacy: > If Brian had been thrown off the top of the Eiffel Tower, then he would be dead. > Brian is dead. > Therefore, Brian was thrown off the top of the Eiffel Tower.

pessimizer 4y ago
You're using it as a generalized argument that could be used to cast doubt on anything that is true. If someone makes a prediction if A then B, then we decide to do A and B happens, the duty of people who still believe that A doesn't imply B is to at least speculate about alternate causes of B, not to argue against the concept of cause and effect. I say this as someone who thinks $15 is too low.
weezin 4y ago
Only one problem, mapping my statement to your example, Brian was thrown off the Eiffel Tower and Brian is dead. Now did Brian land in a net and die of other causes? I guess you have to argue without using random fallacies that don't apply.

dmamills 4y ago

The suggestion of this comment being that the people making the least are the people causing the problem?

weezin 4y ago
No, that its not an issue of shear dollars its an issue of prices being targeted toward the people that make the least.
- dmamills 4y ago
  I'm sorry, I don't understand what you are trying to say with this.
  - weezin 4y ago
    It's fine, I actually wasn't expecting it to be a hot take or I would have explained my view better. edit: I thought you said didn't. My point is that wages are correlated with inflation, and increasing wages does not increase quality of life.
    - RankingMember 4y ago
      > increasing wages does not increase quality of life That's a whopper of a statement. What are you basing that on? As someone whose increased wages allowed for home ownership and breathing room for emergencies, this seems intuitively incorrect, but we don't have to rely on intuition: there are solid studies that found the same, as well as pointing out the broader societal impacts of wealth inequality related to low wages, e.g. https://healtheconomicsreview.biomedcentral.com/articles/10.1186/s13561-017-0163-5 https://healtheconomicsreview.biomedcentral.com/articles/10....
      - weezin 4y ago
        Thats not what I mean... I mean from a macro level increasing wages through something like a minimum wage. When you increase minimum wage, the new minimum wage becomes the new low wage and the quality of life goes back to where it was before through inflation. edit: should be standard of living instead of quality of life.
    - dmamills 4y ago
      I completely disagree that higher wages does not increase quality of life. Especially when we are discussing minimum wage workers. Certainly there is a threshold at which the increments have a diminishing effect. But minimum wage workers are still roughly around 50 thousand dollars a year away from that point. When you are making minimum wage, every dollar counts in relieving the stress of simply trying to exist.

deleted 4y ago

[deleted]

2000UltraDeluxe 4y ago

Yeah, because the US raising their minimum wage was the only significant thing to affect the World economy the last three years. /s I'd say post-pandeming fumbling, pumping billions into the (global) economy combined with an energy crisis and a food shortage looming over some parts of the world, supply chain issues leading to scarcity for some things previously considered readily available commodities, not to mention a certain special military operation in Europe have also contributed. It's a perfect storm consisting of things that many considered unthinkable five years ago.

weezin 4y ago
> Yeah, because the US raising their minimum wage was the only significant thing to affect the World economy the last three years. /s We didn't increase minimum wage, nor did I imply that.. Do you think wages aren't correlated with inflation? If so why?