4 ms·

Parent was talking about wages in general, your chart is for the federal minimum wage.

by creato 3y ago

jrajav 3y ago
You're right, I missed that in haste. I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages, and the question is "how many Americans are effectively broke." The purchasing power of the absolute average American doesn't really answer that question with growing wealth inequality.
- gruez 3y ago
  >You're right, I missed that in haste. I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages That's all true, but is there any reason why we should take the minimum wage seriously when we have median wage data, and only 1.5% of Americans are on the federal minimum wage? Clearly it's not a representative number at all. https://www.zippia.com/advice/minimum-wage-statistics/ https://www.zippia.com/advice/minimum-wage-statistics/ >the question is "how many Americans are effectively broke." The purchasing power of the absolute average American doesn't really answer that question with growing wealth inequality. Why don't you present your statistics then? Also, "broke" =/= "wealth inequality", unless you subscribe to the view that living in 1400s like conditions is not "broke" if everyone else is also equally poor.
  - thaumasiotes 3y ago
    >> I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages > That's all true You're conceding a lot; that claim would not generally be viewed as true.
    - gruez 3y ago
      Pointing out the points raised is hardly "conceding" when the points are of very little relevance to the claim of "Americans are broke", nor does it rebut the claim of "inflation adjusted wages have been creeping up in the last decade". It's not contradictory to admit that minimum wages have effects on economy wide wages, but also claim that wages have been creeping up.
      - thaumasiotes 3y ago
        > Pointing out the points raised is hardly "conceding" when the points are of very little relevance to the claim of "Americans are broke" "Conceding" is when you stipulate that the points raised are true; it's especially egregious when they aren't.
        jrajav 3y ago
        Were you planning to actually contribute something to the conversation, in terms of a counterpoint with additional data to consider? Or just be an aggressive naysayer?

Parent was talking about wages in general, your chart is for the federal minimum wage.

by creato 3y ago

Parent was talking about wages in general, your chart is for the federal minimum wage.

You're right, I missed that in haste. I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages, and the question is "how many Americans are effectively broke." The purchasing power of the absolute average American doesn't really answer that question with growing wealth inequality.

gruez 3y ago
>You're right, I missed that in haste. I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages That's all true, but is there any reason why we should take the minimum wage seriously when we have median wage data, and only 1.5% of Americans are on the federal minimum wage? Clearly it's not a representative number at all. https://www.zippia.com/advice/minimum-wage-statistics/ https://www.zippia.com/advice/minimum-wage-statistics/ >the question is "how many Americans are effectively broke." The purchasing power of the absolute average American doesn't really answer that question with growing wealth inequality. Why don't you present your statistics then? Also, "broke" =/= "wealth inequality", unless you subscribe to the view that living in 1400s like conditions is not "broke" if everyone else is also equally poor.
- thaumasiotes 3y ago
  >> I do think it's still worthwhile to consider the minimum wage since it applies direct upward pressure on other hourly wages > That's all true You're conceding a lot; that claim would not generally be viewed as true.
  - gruez 3y ago
    Pointing out the points raised is hardly "conceding" when the points are of very little relevance to the claim of "Americans are broke", nor does it rebut the claim of "inflation adjusted wages have been creeping up in the last decade". It's not contradictory to admit that minimum wages have effects on economy wide wages, but also claim that wages have been creeping up.
    - thaumasiotes 3y ago
      > Pointing out the points raised is hardly "conceding" when the points are of very little relevance to the claim of "Americans are broke" "Conceding" is when you stipulate that the points raised are true; it's especially egregious when they aren't.
      - jrajav 3y ago
        Were you planning to actually contribute something to the conversation, in terms of a counterpoint with additional data to consider? Or just be an aggressive naysayer?