3 ms·
The link is self-reported statements of people who have a vested interest in suppressing wages. The fundamental, persistent flaw in your argument is that you'r
by lukeschlather 12y ago
The link is self-reported statements of people who have a vested interest in suppressing wages.
The fundamental, persistent flaw in your argument is that you're not distinguishing between observed effects of changes to the minimum wage vs. what people believe about changes to the minimum wage. You're not even bothering to acknowledge the distinction.
There's also the assumption implicit in your argument that reduced employment is bad, which is also plainly wrong. It's better for society to have 400 hours of labor at $15/hour than 500 hours of labor at $14/hour. Everything we know about productivity says reduced hours are good, and we should be structuring wages to penalize companies for overworking employees. Not just because it's better for employees, but because it's better for business.
- ancap 12y ago>you're not distinguishing between observed effects of changes to the minimum wage vs. what people believe about changes to the minimum wage The observations are plainly evident. Those who a minimum wage affect are largely the unskilled, which over proportionally includes young people and minorities. The rate of unemployment in black teenagers is currently somewhere around 30%. http://www.creators.com/opinion/walter-williams/minimum-wage-s-discriminatory-effects.html http://www.creators.com/opinion/walter-williams/minimum-wage...