tw8f969ae5b6f4

3 ms·

1. 1.▲
   by tw8f969ae5b6f4 6y ago

   It seems to me that those taking the position that the minimum wage should be lowered/abolished and those taking the opposite position are both accepting the premise that absent the minimum wage, wages would fall. Is there any real-wor
2. 2.▲
   by tw8f969ae5b6f4 6y ago

   > so saying anything is unworkable because the rich can partially game it is defeatism Thankfully I wasn't saying that. I was disagreeing with your claim that "[inflation] hurts you in direct proportion to how well off you are&
3. 3.▲
   by tw8f969ae5b6f4 6y ago

   > The US would benefit from a weaker dollar as it would protect what remains of our manufacturing base At equilibrium, a weaker or stronger dollar doesn't affect exports, it's just an exchange rate. What can affect exports is a
4. 4.▲
   by tw8f969ae5b6f4 6y ago

   The effects of inflation are neither instantaneous nor uniformly distributed. Those who obtain the new money first are able to spend it before prices have had time to adjust. As that new money propagates, the prices of the relevant goods an