smokeandmirrors
Banned
Yeah, who cares if a study is absolutely shit as long as the conclusion supports with your political position?
Now you're beginning to understand.
Yeah, who cares if a study is absolutely shit as long as the conclusion supports with your political position?
Such a shame so many Democrats are too weak to fight for $15.
"Solidarity" has nothing to do with massive differences in demand for real estate and housing in rural areas vs urban ones that result in wildly different price levels being set for people living the and vastly different costs of obtaining the same standard of living that emerge as a result.It's like what John Oliver said; "The minimum wage is like the age of consent. If you're shopping around for where the limit is, you've probably done something very very wrong".
It's besides the point that it's more expensive to live some places. The point of the minimum wage is that we have a basic threshold for solidarity. It's a way of saying that all free people regardless of where they are entitled to a certain amount of money for their services.
What is obscene is that 15 dollars minimum wage is a conservative estimate. If you actually adjusted for inflation, it would be a lot higher. And it would need to be higher. As the Bernie Sanders proposals was a dollar-by-dollar rise over a longer period of years, the effect would be subtle.
But it tells us just how bad the income inequality has gotten. It's depressing and scary.
If everyone in town makes more money what's stopping them from spending more at the comic shop? Even if it did go under, its something that would happen at the benefit of God knows how many others.I'm in favor of a $15 minimum wage, but I do worry about some small businesses. I wonder if places like my local comic shop could afford to pay their workers that much, I know the margins are pretty small in that business.
I'm in favor of a $15 minimum wage, but I do worry about some small businesses. I wonder if places like my local comic shop could afford to pay their workers that much, I know the margins are pretty small in that business.
Now you're beginning to understand.
"Solidarity" has nothing to do with massive differences in demand for real estate and housing in rural areas vs urban ones that result in wildly different price levels being set for people living the and vastly different costs of obtaining the same standard of living that emerge as a result.
That's a very, very bad way to think about the minimum wage, because in the places where a higher wage is useful, they often already have it!
The real estate market is a separate discussion, that has a multitude of factors. On poverty itself, talking about the poverty line is used to fight for the absolut bare minimum, area by area, which is tone deaf. You do not contribute to furthering diversity and uprooting the ghettofication and separation of economic class systems, by predefining poverty area by area. That is totally misguided.
You have a minimum wage to put a line in the sand of what your worth is in the nation you live in. Your worth is not less regardless if you live in California or in Kansas or in Texas. Real estate demand is a separate issue, and the price of living per area can not be blanketed onto the multitude of systemic reasons why people are poor.
Hahahahaha. Nothing like I njecting school rankings to make an argument. Was the Booth business school still respected when they were using their policies to justify the murder and disappearance of hundreds of thousands of South Americans in the interest of the 'free' market?
Mainstream economists are charlatans and hucksters.
Except they do get to control that. It's a self inflicted wound. They could raise wages and compete with the other side. They don't because they put their own salary above what's best for the rest of the business and their employees.The mall thing is interesting, but it shows greatly what part of the problem is. The one side still refusing to raise pay, so the managers struggle as they don't get to set the wage. There is millions of people in this same boat, they don't get to control that.
The other side that was forced either eats it out of their own profit, in the case of a franchise owner, or is having their feet held to the fire to deliver upon the bottom line. If you own the place, that can be tough as it cuts your salary, but a lot of people will make do. If you don't own it, your life just got real fucking rough. You probably lose money in bonuses as well, because you can't put up the same NP numbers you put up before, so either you work longer hours, push people harder, or just give up for the next schmuck willing to try and fail.
In the end, Ryzak raised her prices a little bit and made up the rest by cutting into her profits.
They would be earning more money. If more people had a higher income they would have increased sales as the people that could now afford their goods can now either purchase or purchase more. Your comic book shop will be fine.I'm in favor of a $15 minimum wage, but I do worry about some small businesses. I wonder if places like my local comic shop could afford to pay their workers that much, I know the margins are pretty small in that business.
bad empiricism is still better than the outright anti-empiricism of austrian school economics tbh
Republicans don't care about reality. They care about money and nothing else.
So much Republican policy (or dogma) seems to be based on literally no evidence at all. In a remarkable number of different areas.
Greatest country in the world my arse when huge swathes of the population keep voting for these people.
They would be earning more money. If more people had a higher income they would have increased sales as the people that could now afford their goods can now either purchase or purchase more. Your comic book shop will be fine.
Are you confusing liberal with libertarian? Because no actual liberal would have a problem with raising the minimum wage.Looking how that liberal NeoGAF reacts everytime there is a thread about minimum wage, it's not a problem of the republicans alone.
Real estate demand is not a solvable issue, demand exists because people are born. Regional price differences are caused by lack of supply, largely from government restrictions.
"Political position". More like, humanitarian position.Are you sure you do?
The methodology in this study is a complete joke. The only reason why people cling to the results is because the conclusion the researchers reached supports their political position to increase the minimum wage.
Neoliberals would not be in favor of increasing the minimum wage whatsoever.
"Political position". More like, humanitarian position.
Are you confusing liberal with libertarian? Because no actual liberal would have a problem with raising the minimum wage.
If you walk into a Sheetz, they have a Now Hiring sign that's advertising $12 an hour for new employees. (At least out here in the western part, there are help wanted signs plastered on virtually every storefront.) Wages naturally will rise in areas like NOVA simply because they have to, especially in a tight market like we have right now- they're not really the ones minimum wage legislation is going to affect the most.
edit: ah, with context of your previous post I see you're talking mid-level people -- see last comment
Except they do get to control that. It's a self inflicted wound. They could raise wages and compete with the other side. They don't because they put their own salary above what's best for the rest of the business and their employees.
It's kind of weird that this is your takeaway from employees getting a bigger cut of the profits. Reminder:
Not sure where your bonuses stuff comes from. You're acting like nobody got a pay bump. edit: ah, from your other post I gather you're talking mid-level people. Personally I think regulations that limit executive pay relative to everyone else's pay could act like a good compliment to the minimum wage, or perhaps even replace it. The numbers might need to vary industry to industry but I think something could be cooked up to make sure more of the shift is coming from the top.
Go with rankings.
https://www.bea.gov/iTable/iTable.cfm?ReqID=51&step=1#reqid=51&step=51&isuri=1&5114=q&5102=15
Look at the contributions of those industries. Do you really think that volunteering adds much to the economy (an unaccounted activity but still) compared to say, the FIRE industry?
Again, volunteering is largely low skilled.
This is garbage. "Why do many Z goods exist", whatever the hell Z goods are, does not go against any claim that free markets are socially optimal. The obvious explanation is that those goods are produced because consumers and firms are pursuing their best interests.
They're not respected. They're not even mainstream.
Hahahahaha. Nothing like I njecting school rankings to make an argument. Was the Booth business school still respected when they were using their policies to justify the murder and disappearance of hundreds of thousands of South Americans in the interest of the 'free' market?
Mainstream economists are charlatans and hucksters.
His argument is that The New School is respected.
Now, how doesn't that go against his claim that The New School is respected? They're not even respected in the field that they're a part of: if they were, they'd be more influential.
I'd love to hear what evidence you have that Booth justified the murder and disappearances of hundreds of thousands of South Americans. FYI, the way you wrote it implies that Booth was using their school policies as justification which is laughable.
No, it's not. The labor market is incredibly tight right now, and even low-skill entry level jobs are paying way more than they would in rural areas.This is a load of bullshit and you know it.
Are you confusing liberal with libertarian? Because no actual liberal would have a problem with raising the minimum wage.
Are you really going to just dump a table of data with no real analysis? I'm sure the cumulative total of Z goods is at least the equivalent of a major industry in any major country today. It was even higher relative to the rest of the economy historically.
Honestly you clearly don't know what you're talking about here.
You don't seem to understand the scope of extra market economic activity.
You aren't actually dealing with my argument, you are just restating your thesis. The production of Z goods implies at least one of two things. 1. People are acting rationally in deciding to do some production outside of the market 2. People are acting irrationally in deciding to do some production outside of the market. In both cases the scale of z good production indicates this isn't a minor distortion. Either the market isn't always the most efficient, ior people are quite often irrational. (The correct answer is obviously a bit of both). It's not hard to deal with the problem. All it requires is a qualification of your idea, a la the reaction to the tragedy of the commons.
Oh yes, some rankings with Chicago at 4 and LSE at 20, with some clearly pretty flawed metrics. That proves your point. Anyway, I wasn't talking about the New School's economics department, I was talking about the university itself, much like that poster probably was.
The New School is respected man. Honestly you sound a bit like you're starting to drift into ((((The New School)))) territory. Make your argument about the econ department's relative quality, using a rather crude metric in a field that particularly demands sophisticated ones, if you'd like, but don't try to act like the institution is not respectable. It is.
This sentence barely even makes sense. The New School is more than just an economics department.
Moreover your attempt at focusing all value from PhD programs on rankings sounds like its coming from someone that has no experience with PhD programs. A lot more goes into choosing which one to attend than simply picking the highest ranked program one was accepted to.
The New School is simply not a diploma mill or anything like that. Your attempt to completely discredit them using a metric that you are entirely uncritical of is deeply problematic and hypocritical given your stance about confirmation bias in this thread.
"I'm sure this thing is true!"
And he provides absolutely no reason to believe why it's true. Again, volunteer work is low-skilled. So why should I believe what you're saying?
You're a joke, buddy.
Feel free to enlighten me then! Oh wait, you've had time and time again to do so and yet you haven't.
Alarms should be going off in your head right now.
That any good is produced has absolutely no bearing on whether consumers have complete and transitive preferences. It's completely irrelevant to that.
Some people pay thousands of dollars for another person's fecal matter. That doesn't go against economic rationality.
"Clearly flawed metrics". How about you point out those flaws?
The rankings are based largely on article citations as a proxy for influence on economic literature. The New School isn't even ranked.
Why bother talking about an entire university when only one department is relevant to the conversation?
The only department relevant to this conversation is not respected within the field that it is a part of. The rankings support that since they reflect the influence that the departments have on research.
For economics? No, ranking is everything since which school you attend is a proxy for research caliber since they learn and work with those who are most respected in the field.
The CBO is not a libertarian think tank.But the CATO/Heritage and the rest of the fuck everyone libertarian think tanks say this isn't true because..... reasons. What to do?
The CBO is not a libertarian think tank.
The idea that a minimum wage increase is costless is pure fantasy.
This does not mean that we should not do them (indeed, I'm on board w/ going into the 10-12 range w/ the US's national minimum wage!) but that you can't be stupid and reckless w/ them or you'll cause real damage in its wake.
Where do you read costless in my post? The point is they are a net benefit, and definitely not a bad thing as promoted by those. Also, the fact that you consider 3 dollars beyond your range to be stupid and reckless betrays your priors.The CBO is not a libertarian think tank.
The idea that a minimum wage increase is costless is pure fantasy.
This does not mean that we should not do them (indeed, I'm on board w/ going into the 10-12 range w/ the US's national minimum wage!) but that you can't be stupid and reckless w/ them or you'll cause real damage in its wake.
I mean you're literally doing the exact same thing. You want a source? Go read Jan De Vries.
You've indicated throughout this thread that you have absolutely no understanding of extra market production, and more problematically you're refusing to even begin to think about it.
Fine, read Jan de Vries. Or just look up what a Z good is. It's hard to enlighten you when you're going out of your way to avoid being enlightened. Most people understand that a lot of the things people do are extra-market. Normally I don't have to convince people of that.
Alarms for what exactly? And you're hardly doing anything different. Your argument is restating your thesis over and over. You aren't actually making any arguments for why it is true.
Z goods are often produced by their consumer.
That's because it's a preference. There is an element of preference involved in Z goods, but that preference is actually a preference for some activity to be done outside of the market. Again you're not even trying to understand what I'm saying, because you're so stuck within your political-economy you aren't even beginning to take any alternatives serious enough to address them on their own terms.
The most obvious flaw is thinking that frequency of citation is somehow a useful metric for getting at academic quality. This is something that a large number of academic disciplines have been grappling about for years now.
But lets move beyond this issue. Again and again here you are just asserting things as true and demanding I argue for my counter point. Why aren't you actually arguing for your own point. You aren't arguing for why this is a good metric at all.
You aren't just right until proven otherwise. If you're going to demand arguments from other people, please provide your own.
I'm aware of what it's supposed to be doing. As an academic I'm also aware of the quite sizable conversation around such metrics and their utility. Moreover, I'm, particularly aware of the problems of extrapolating from such a metric, flawed in itself, to the quality of PhD educations. These problems exist for all disciplines, but they are particularly pronounced in economics.
To point out that the institution as a whole is reputable? And thus it's component programs fall within a certain sphere rof respectability, despite certain trends in specific disciplines. Essentially to point out that the New School isn't a diploma mill, and their degrees aren't meaningless.
I mean your argument here essentially suggests that the university cannot be a meaningful level of analysis, which is patently ridiculous.
Again this isn't even a good way to analyze respectability. There is a massive issue with the proxy problem here, is this actually measuring respectability,
on top of the fact that Economics has been operating on an extremely problematic base since the 70s which renders its ability for self-reflection very circumspect.
Moreover, I'm hardly the only person saying this. If you want an economist who agrees, look at Mokyr. There are plenty of people outside the discipline that also have made a number of arguments on this front, but I'm guessing you won't take those seriously.
Ranking isn't everything. I'll grant you that schools can generally be put into certain tiers with this sort of thing and that the New School would not be in the top tier, but that doesn't indicate bad research or poor PhD level instruction.
Either way, your argument is all over the place for what is essentially an ad hominin. Your argument about the metrics in the study being flawed is significantly better.
The current minimum wage is 7 and change. In urban/suburban areas (or blue states) across the country, the effective or actual minimum wage is already higher. Where it's not is in red states and rural areas. This is where the minimum wage actually matters.Where do you read costless in my post? The point is they are a net benefit, and definitely not a bad thing as promoted by those. Also, the fact that you consider 3 dollars beyond your range to be stupid and reckless betrays your priors.
The CBO is not a libertarian think tank.
The idea that a minimum wage increase is costless is pure fantasy.
This does not mean that we should not do them (indeed, I'm on board w/ going into the 10-12 range w/ the US's national minimum wage!) but that you can't be stupid and reckless w/ them or you'll cause real damage in its wake.
I disagree. The minimum wage matters everywhere. I don't really understand why you want to isolate it's effect to red States.The current minimum wage is 7 and change. In urban/suburban areas (or blue states) across the country, the effective or actual minimum wage is already higher. Where it's not is in red states and rural areas. This is where the minimum wage actually matters.
I read "costless" into your post because the study featured into the OP is projecting that narrative via their paper-thin surface-level analysis.
Except I provided a very good reason to think why it is not a large part of the economy -- it's low skilled work. There are good reasons to think that they're low-skilled work: people who are highly skilled and volunteer have significant opportunity costs.
Now, I assume the only reason why you would tell me to read a specific work is because you read it yourself.
Then how are you so inept that you can't even discuss how the work relates to this conversation?
Let's just ignore my past argument about opportunity costs so you can keep telling me I have no understanding, that I don't think about it, blah, blah, blah.
What a windbag. I mean, my god, actually say something to support your claims.
What's more, you seem to have a very difficult time with standard reasoning and reading comprehension:
"A lot of things people do are extra-market".
I never disagreed with that. I disagreed with volunteer work being a large part of the economy (even though they're not counted). Those are two different statements, damn.
I did from the start! You're just not capable of comprehending what you read as evidenced by the example I gave above.
You remember how I talked about relevance? Big fucking deal. That has nothing to do with whether consumers are rational i.e. whether they have transitive and complete preferences.
There is an element in those preference that does... what? That relates to rationality how? How does this element have anything to do with complete and transitive preferences?
You can't even finish a thought.
Holy shit, holy shit, holy shit.
You CAN'T be serious. You can't be. Your reading comprehension can't be this bad.
I never once made any claims about the quality of the research that the New School produces. Citations reflect the influence that a department has which gives some notion of the amount of respect that the department has. The respected departments are the influential departments (something I previously stated).
I provided good reasons to support my arguments since the beginning. It's not my fault you can't comprehend what you read.
Please go back to the very first part of my quote which stated that The New School is not respected. That's my conclusion. I did not make any claims about the quality of the research their professors produce in any of my posts.
You really like repeating this man.All of that, that's just more evidence of you being unable to comprehend what you read..
...yes, because article citations reflect influence on research, and if a department is respectable departments then it is influential. The New School is not influential.
More vague claims from someone who can't even read properly. .
Rankings mean everything for attendance decisions that prospective econ PhD candidates make for the reasons I gave.
And no, my argument is not all over the place (how can it be when you yourself said that I'm just repeating the same thing over and over again and my argument was clear from the start?)
nor is it an ad "hominin".
Many urban areas and blue states have already implemented a higher minimum wage.I disagree. The minimum wage matters everywhere. I don't really understand why you want to isolate it's effect to red States.
Arguing with people with no grasp of what they are saying, or just believe data they have confirmation bias for isn't worth the key presses man.
Anyone who thinks there is zero impact from min wage increases doesn't understand economics at all.
There's a cost, and it's complicated in it's impact. Yes, people making min get more money, but that's only one part of a very large picture.
I disagree. The minimum wage matters everywhere. I don't really understand why you want to isolate it's effect to red States.
Would you argue that there is no benefit since there is a cost. If not, you are saying nothing at all.
It matters to the labor market as a whole. I disagree with your premises where information has no consequence.Many urban areas and blue states have already implemented a higher minimum wage.
Therefore, in those areas, a higher national minimum wage is either a relatively small marginal increase or literally does not matter one bit whatsoever.
I'm not "isolating" anything in my approach, this is how an increase works- the most dramatic effects are going to be in red states and rural areas. (And having a variable minimum between those two regions isn't a bad thing.)
They have always been free to do this, some of them are more preoccupied on not helping their constituents.A lot of blue states already have min wages effectively higher than the federal... quite a few red states even are higher. The majority of states are higher than the federal already.
Some cities within states that are at the fed min are higher in urban cities.
I think the fed should move to somewhere in the 10 to 11 range by 2020... but for the most part I believe this is best handled by the states.
Businesses typically don't provide health care to employees that actually make minimum wage, so your point there is kind of off-base. Most of those workers are classified as part time even if they work full time so that their employer doesn't have to provide insurance. The employer then bullies them into cutting hours, or schedules them less if they are close to receiving benefits, requiring those workers to pick up a second job to make ends meet. The employees that do have health insurance in retail and service jobs are usually supervisors and managers who make more than minimum anyway.The minimum wage has never gone above $12 in the states on a national level. The argument isn't that raises are bad, it's the degree of raises. One of the benefits of having a federal system is that you can have granularity w local areas passing a higher minimum. The federal needs to be your lowest common denominator because otherwise you're going to just shed jobs in rural areas even faster than you already are.
The actual minimum wage is also higher than it appears due to businesses needing to provide health insurance to full time employees. (On the flip side, you make less when you're self employed because of this.) To make it clear: this is a really really bad thing and a really important reason we need a universal health care system.
Businesses are required to provide health care to full time employees (W/ some exceptions.) The "full time in name only" thing happens a lot less than you'd think simply because it's not worth the hassle w/ many large companies.Businesses typically don't provide health care to employees that actually make minimum wage, so your point there is kind of off-base. Most of those workers are classified as part time even if they work full time so that their employer doesn't have to provide insurance. The employer then bullies them into cutting hours, or schedules them less if they are close to receiving benefits, requiring those workers to pick up a second job to make ends meet. The employees that do have health insurance in retail and service jobs are usually supervisors and managers who make more than minimum anyway.