Quote:
Originally Posted by Raavak
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You raise minimum wage.... where does the money for the wages come from? Hurr durr this is the only approach to the problem simplistic enough for me to understand, so I'm going to ignore anything outside the confines of my false dichotomy etc etc derp
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From here:
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And here:
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Quote:
Originally Posted by Raavak
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I've been doing this for decades now... I've had to deal with a number of minimum wage increases. The first reaction we have is to slim down, and get rid of lower performing employees. The second is to raise prices. In a steady-state dream world we will always be at maximum efficiency and would only raise prices because everyone would be necessary. But we are fairly large, and unproductive people come and go.
But in the long run what happens, prices go up, cost of living goes up, taxes go up along with the deadweight losses therein... so purchasing power of a minimum wage worker actually decreases despite being paid more.
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Your bullshit doesn't mesh with a reality where a more highly compensated workforce is demonstrably more conducive to total economic prosperity in a developed economy. Take your bullshit anywhere else where labor is paid a living wage and you'll be laughed back to Ameristan.
You're living in the smoldering ruins of Reaganomics and you're still stupid enough to keep trying to sell it.