The real problem with the economy is that it doesn't need you anymore

Re:The real problem with the economy is that it doesn't need... by radu_floricica on Tuesday September 22, 2009 @03:49AM (#836523)

Minimum wages.

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Re:The real problem with the economy is that it doesn't need... by dagw on Tuesday September 22, 2009 @04:46AM (#836571)

Even without minimum wage there is a price point where I'm better off not taking the job and trying to scrape out a living in a more ad hoc way.

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Re:The real problem with the economy is that it doesn't need... by gort on Tuesday September 22, 2009 @04:38AM (#836562)

Unemployment existed before those; and whether minimum wages increase unemployment should be open to empirical study - anyone got any data?

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Re:The real problem with the economy is that it doesn't need... by gloob on Tuesday September 22, 2009 @11:44AM (#837203)

Empirical study is a tad tricky in a field where experimentation would probably be considered wildly unethical and you wouldn't be able to set up a control anyway.

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Re:The real problem with the economy is that it doesn't need... by gort on Tuesday September 22, 2009 @02:44PM (#837620)

While presence of controls is admirable, it's still reasonable to simply look at countries that implemented a minimum wage and ask, what happened to the unemployment rate?

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Re:The real problem with the economy is that it doesn't need... by netsp on Tuesday September 22, 2009 @08:23PM (#838324)

At the very least one would note that the effects don't seem to be predictable via the basic supply & demand theories.

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