Re:Louisville sawmill challenges perception about wages
by pnutjam on Monday October 18, 2021 @04:00PM
(#28910808)
$100 would not cause the problems your positing, it would cause other problems. It would create a massive disruption in pricing and pay rates. That argument is dead stupid. I'm not sure why you're doubling down on it.
Economists are not proposing massive changes, because economics is mostly about justifying current systems and getting paid by the wealthy.
Re:Louisville sawmill challenges perception about wages
by opo on Tuesday October 19, 2021 @03:00AM
(#28915535)
>...economics is mostly about justifying current systems and getting paid by the wealthy.
My advice would be to take an economics class.
Re:Louisville sawmill challenges perception about wages
by pnutjam on Tuesday October 19, 2021 @05:09AM
(#28916228)
Sure, where did you take yours?
Re:Louisville sawmill challenges perception about wages
by opo on Wednesday October 20, 2021 @01:42AM
(#28927162)
Back in college (undergrad not grad school). Even if you aren't currently attending college, these days there are plenty of universities who put courses on-line (MIT Open Courseware, etc.)
They are referring to the typical small increase in minimum wage that has been done for the last few decades. You seem to hold very very strong views for someone who found a press release.
>......or otherwise economists would simply propose making a $100 minimum wage... (the most classic case of Straw Man ever. Who is proposing this huge increase?)
This is exactly my point. If economists believed that a large increase could have no effect on employment levels, they would propose raising the minimum wage to say $100 an hour. Since they haven't proposed that, that means that they do believe that a large increase would directly impact employment levels. This really shouldn't be that hard for you to understand. If you don't think that a minimum wage can ever affect employment levels then say so, if you think there is some level where it would affect employment levels, then what is that level and how did you decide what that level is?