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"Between this and this recent minimum wage increase nonsense it seems like we're hell bent on just saying "To hell with what econ 101 says, this sounds good to
by mhhhm 13y ago
"Between this and this recent minimum wage increase nonsense it seems like we're hell bent on just saying "To hell with what econ 101 says, this sounds good to me!""
There's a reason why economics goes beyond 101. It's a complex issue. The minimum wage should be increased. It should be tied to inflation.
- jswinghammer 13y agoIs there an argument there?
- hedning 13y agoAs far as I see it. The point is that a big wealth gap is detrimental to a society. Having a good minimum wage is a good way to reduce such a wealth gap.
- thisosound 13y agoThen why not raise it to $30/h? I'm serious. Will those who previously made e.g. $20/h get a $10 raise or will their employer outsource/automate?
- mhhhm 13y agoI've spent my life researching economics. If econ 101 solved all of our problems, I would be out of a job. People who think that way are dangerous. The world isn't black and white. It doesn't sound like you understand that.
- jswinghammer 13y agoNo offense but it sounds like we'd better off without you working. If you think minimum wage laws don't harm anyone you're terribly mistaken. They invariably hurt marginal and low skilled workers. The very people you aim to help. Econ 101 is a misnomer of course because economic understanding developed over thousands of years starting with Plato really (however misguided he was on the topic). There is much to learn still but it sounds like you are just looking in the wrong directions.
- jw_ 13y agoIs there an argument here?
- jswinghammer 13y agoYes.
- summerdown2 13y ago> If you think minimum wage laws don't harm anyone you're terribly mistaken. I think this is not based on evidence. Not all minimun wage laws are bad. For example: https://en.wikipedia.org/wiki/National_Minimum_Wage_Act_1998#Perspectives https://en.wikipedia.org/wiki/National_Minimum_Wage_Act_1998... I'm sure the minimum wage could be set to a level where it would do damage, but I don't believe that is necessarily so.
- dllthomas 13y ago"No offense but it sounds like we'd better off without you working." That's needlessly provocative, and one of the more absurd uses of "no offense" I've seen in recent times... "If you think minimum wage laws don't harm anyone you're terribly mistaken." I don't think the parent said that (at least anywhere I can find it up this thread). One can believe that a policy hurts some of those it intends to help, and still believe that it does on balance substantially more good than harm. You seem to be engaging in precisely the sort of black and white thinking that the parent was cautioning against. With regards to minimum wage in particular, in isolation it clearly hurts those it excludes from the workforce in the short term. However, when assistence is frequently tied to "looking for work" and not turning down job offers, then things potentially change. I'm not at all sure that a general minimum wage is a better solution then saying "jobs below $X don't count toward assistance", but I'm not at all sure of the opposite, either.
- jswinghammer 13y agoNone of what you said is coherent to me but I withdraw my comment that you rightly described as needlessly provocative and apologize for it.