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> A pretty obvious counterpoint: one can believe that raising the minimum wage drives unemployment among lower class workers while also raising the cost of livi
by cycomanic 4y ago
> A pretty obvious counterpoint: one can believe that raising the minimum wage drives unemployment among lower class workers while also raising the cost of living--this is an eminently empathetic viewpoint with respect to service workers, etc.
Except this counterpoint is not based on real evidence but largely based on purely theoretical arguments which have been shown numerous times to be way too simplistic.
- throwaway894345 4y agoThat's irrelevant (and anyway, I'm not sure economists collectively agree with you), the parent claimed that conservatives and libertarians don't empathize. Even if our hypothetical conservative/libertarian is incorrect about the dynamics of minimum wage regulations, the counterpoint still demonstrates empathy.