State of the Union

[baalzy]

Originally Posted by Sidelle [You must be logged in to view images. Log in or Register.]

Which reminds of this funny gem:

[You must be logged in to view images. Log in or Register.]

[You must be logged in to view images. Log in or Register.]

Classic.

[Raavak]

Bush's fault

[moklianne]

Originally Posted by Raavak [You must be logged in to view images. Log in or Register.]

Bush's fault

Who's your avatar on the left? damn

[Raavak]

For the people with brains...
[You must be logged in to view images. Log in or Register.]
If you don't understand how it works, stfu.

[Raavak]

Minimum wage causes higher unemployment. If you don't understand that you are a babbling idiot.

[myriverse]

Originally Posted by Raavak [You must be logged in to view images. Log in or Register.]

Minimum wage causes higher unemployment. If you don't understand that you are a babbling idiot.

History proves you wrong.
Economics experts know you are.

[Raavak]

Originally Posted by myriverse [You must be logged in to view images. Log in or Register.]

History proves you wrong.
Economics experts know you are.

Uhm, you're a moron. Yes it does. Look at what happened when it was instituted. You need to stfu. Idiot, lol.

[Lune]

Originally Posted by Raavak [You must be logged in to view images. Log in or Register.]

Minimum wage causes higher unemployment. If you don't understand that you are a babbling idiot.

It's not that simple. I know your Econ 101 professor sounded totally convincing and you feel confident parroting his perceived expertise everywhere you go, but sometimes (often) economists are wrong, or at the very least inaccurate or only marginally applicable to real circumstances.

This is some Alan Greenspan tier-"Financial regulation is bad!" followed by "I was wrong, sorry about that"-level horseshit.

Pull your head out of tea party ass and learn to think on your own

[baalzy]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

It's not that simple. I know your Econ 101 professor sounded totally convincing and you feel confident parroting his perceived expertise everywhere you go, but sometimes (often) economists are wrong, or at the very least inaccurate or only marginally applicable to real circumstances.

This is some Alan Greenspan tier-"Financial regulation is bad!" followed by "I was wrong, sorry about that"-level horseshit.

Pull your head out of tea party ass and learn to think on your own

My Econ101 professor constantly touted giving money to the people who would spend it. IE: The people with low incomes who need to eat or bills to pay.

We've had 30 years of supply side trickle down bullshit which demonstrably doesn't work. Let's try something else.

[Lojik]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

It's not that simple. I know your Econ 101 professor sounded totally convincing and you feel confident parroting his perceived expertise everywhere you go, but sometimes (often) economists are wrong, or at the very least inaccurate or only marginally applicable to real circumstances.

This is some Alan Greenspan tier-"Financial regulation is bad!" followed by "I was wrong, sorry about that"-level horseshit.

Pull your head out of tea party ass and learn to think on your own

You're right, it's not that simple. Instead of flat out causing unemployment you can see other effects: reduced hours, benefits reduction, increased prices of anything requiring cheap labor, and the effects can be blurred and muddled a bit. Prices tend to arrive at an equilibrium and wages are no different. After a while wages will rise or fall to the equilibrium level which is the marginal product of labor, and one of my professors did a pretty simple example of why this happens.

Why i don't care for constant minimum wage increases is that you're trying to correct a symptom instead of a problem. The problem is that there are workers who are not skilled enough to make a certain amount of money. They can become more skilled in two ways, either education or work experience, and often times raising the minimum wage prices out unskilled workers so the 2nd choice is not an option. Also, when you prevent a firm from being able to discriminate based on price, they can start to discriminate based on other things.

Another thing to consider with a minimum wage though is welfare. If a person would make as much or more from welfare than they would working 40 hours a week at XX dollars, then they have no incentive to work. Looking at the hourly wage equivalents for welfare in some states (Hawai $17.50!!), it actually makes sense to me that raising the minimum wage would decrease unemployment.