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A comment on Job loss predictions over rising minimum wages haven't come true. Parent comment

Re:Job loss predictions over rising minimum wages haven't co... by dredmorbius on Tuesday November 26, 2019 @06:08AM (#21637245)
There's a long-standing folk wisdom that the rich pay less for things than the poor.

How well that stands up to scrutiny I don't know, though I encountered it recently on an old (probably 1960s / early 1970s) Studs Terkel interview, as a guest comment.

(Guests were Willard Moss, pioneer amateur filmmaker, & John Dubay.)

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Re:Job loss predictions over rising minimum wages haven't co... by btilly on Tuesday November 26, 2019 @01:09PM (#21640915)
The link that I posted was based on a fine grained analysis of actual spend by actual households.

It found that, indeed, the rich pay less for the same good than the poor. And that the gap is increasing over time.

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Re:Job loss predictions over rising minimum wages haven't co... by dredmorbius on Tuesday November 26, 2019 @02:38PM (#21641828)
Understood.

I am agreeing with you.

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