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And how exactly does "there is a paper that claims X" translate into "Economists agree that X is true"? Well, it doesn't. In fact, I would generally be skeptic
by xixi77 13y ago
And how exactly does "there is a paper that claims X" translate into "Economists agree that X is true"?
Well, it doesn't. In fact, I would generally be skeptical about any claim that starts with "Economists agree...", such is the nature of the profession.
Also, if we actually admit the effect on poverty to be true, the most obvious way to reconcile this is that newly-unemployed (and hence poor) workers move to places with lower minimum wage, where they can find work. Fewer poor people => less poverty.
- crdoconnor 13y agoSo you're saying Australians who have a MUCH higher minimum wage and MUCH lower unemployment should move to America? Heh.