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originally posted in:Secular Sevens
1/22/2014 2:43:06 AM
18
Thats actually not true, raising the minimum wage drives up the minimum cost of things and thus sending the poor back to where they started making the same value, just with a bigger numerical value
English
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TIL Qwerty is an economist who knows more than the guys that published this...
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Economics is based on what a person observes, and not what others think. He never asks for economists to answer, but my point is as valid as theirs
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And yet, you seem to know something that these guys don't?
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So you don't want people to comment on this thread? I mean...that's the whole -blam!-ing point of Charlie to post something like this. So we can -blam!-ing discuss it.
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What? My point is that Qwerty is talking about how the economists' publication is somehow wrong. I don't know about you, but I don't think there's very many people who frequent this place that have actual higher education focused on economics.
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That's plausible. But Qwerty is [i]sort of correct[/i]. Eventually there is going to be a point of diminishing returns to increasing the minimum wage, and if you keep increasing that wage we end up being a more socialistic economy then to a more communist one. If you keep leveling the playing field, the pay delta between a job requiring a high school degree and a college degree may become negligible; nobody wants that.
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Edited by Qwerty: 1/22/2014 3:54:28 AMI apologize though for anything you infered from my post, I often come of as arrogant and emotionally inept due to my lack of 'I _______' (feel, think, believe) in my sentences. I feel my point is across, and at least have not come off as a complete "great hunter" [spoiler]"nimrod"[/spoiler] [spoiler]i put an I feel ;)[/spoiler]
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Edited by Qwerty: 1/22/2014 3:47:25 AMThey had probably accounted for it, it was just unstated an thus I felt it needed posted amongst the billions of other things in this void we call the flood
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[citation needed]
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What makes you think that the economists in the paper wouldn't have taken that into account?
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They probably did, I just felt it needed to be stated. Think of it from a business standpoint, I have to spend more on my customers and I dont want to lose profit....so I raise the cost of my product to account for the difference
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And you realise that you were wrong, right? That this doesn't mean that raising the minimum wage wouldn't decrease poverty?
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Cant be wrong for a prediction of the future
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Are you actively trying to say stupid shit, or are you just naturally inclined? Pretty much the entire field of economics and, for that matter, science, are dedicated to accurately modeling future events and ongoing systems.
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But they can not actually be proven right until said event occurs, all christianity for example
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I'd love to see some studies to back up this conclusion.
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[spoiler]he didn't read it[/spoiler]
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TL;DR ;)
