Re:Economists who defend disaster profiteers are wrong
by p1necone on Tuesday April 14, 2020 @06:43AM
(#22864477)
As far as I can tell from reading the (very well sourced) Wikipedia article on minimum wage, the general consensus amongst economists on the pros and cons is not at all what user "notidentified" to is claiming, and is backed up by plenty of actual studies.
Their statement begged the question, and it was asked.
I wasn't asking out of hostility, but out of curiosity. If the point can be made, and as you say, there is overwhelming evidence, I'd like the self-described expert of their field to provide an authoritative source. That's to the benefit of all readers.
Instead, we have a bunch of hand-wavey replies on both sides with dubious back-up, balanced with maybe a more illuminating discussion about the intersection of morality and economics, specifically regarding slavery and minorities - which I feel somewhat swayed by.
> Minimum wage is a widely studied issue with well documented pros and cons.
Throw us a bone then :) There are many countries around the world that do have a minimum wage, surely there's some data out there we can grok. Perhaps a minimum wage to quality-of-life measure? Inform this naive individual.