President Trump: The NEW one and only politics thread

Yup, classic case of my having no sense of humor.

It's a great tact. If you insult me for no reason and I ignore it, you do it more. If I were to let loose on you personally the same way, I would be a jerk. And if I post something saying, "that isn't cool," I am humorless.

You sure proved something about me there.

 

I have no idea how accurate that study is in quantifying just how many people (and it goes way beyond low wage workers) were hurt by that city council. But reality = the real minimum wage is zero. .. no matter where they try to price fix wages. The higher they try to price fix it, the more people it hurts.

If $13 or $15 is a good idea and it doesn't hurt anyone (the way these idiotic price-fixing schemes try to sell it), why not make the minimum wage $1,000,000 an hour?

You don't really need a study to see the predictable happening. Fewer people with minimal skills have jobs, or they slip farther into part-time work as hours get cut back. Restaurants on the margin are forced out of business. In the restaurants that stick around, you get higher prices passed onto consumers. And sadly, it was / is entirely predictable. Draw any supply / demand curve. Unless demand is inelastic, the more something costs, the less of it there is demand for. It may as well be one of the laws of physics.

 

Assuming that a minimum wage is an actual price floor (i.e. -- they set the minimum wage ABOVE the market equilibrium price for labor). ... minimum wage regulations are guaranteed to do some combination of (and usually all of them to varying degrees) the following: 1) Cost low-skilled workers jobs, 2) Cost low-wage workers hours, therefore reducing their income, 3) drive some marginal businesses that were previously viable out of business (taking jobs with it), 4) Cost consumers in the form of higher prices, 5) Reduce the income of business owners.

Any study that somehow comes to a conclusion that it hasn't done a combination of those things has flawed methodology (if it has any real methodology at all) and has come to bullshit conclusions.

If someone suggested that dropping a 100 pound anvil on my foot is going to hurt my foot, no one would suggest that you need to study it to be sure (or that a study that somehow says otherwise isn't ridiculous).