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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    TheSportsPredictor, Jun 26, 2017
    #39913
  2. MisterCreosote

    MisterCreosote Well-Known Member

    MisterCreosote, Jun 26, 2017
    #39914
  3. dixiehack

    dixiehack Well-Known Member

    dixiehack, Jun 26, 2017
    #39915
  4. Inky_Wretch

    Inky_Wretch Well-Known Member

    Inky_Wretch, Jun 26, 2017
    #39916
  5. YankeeFan

    YankeeFan Well-Known Member

    YankeeFan, Jun 26, 2017
    #39917
  6. QYFW

    QYFW Well-Known Member

    The study I linked mentioned that Seattle's economy was strong. Implying the current situation would be the best-case scenario.
     
    QYFW, Jun 26, 2017
    #39918
  7. Inky_Wretch

    Inky_Wretch Well-Known Member

    Inky_Wretch, Jun 26, 2017
    #39919
  8. doctorquant

    doctorquant Well-Known Member

    The law of demand is not a worldview ...
     
    doctorquant, Jun 26, 2017
    #39920
    RickStain likes this.
  9. RickStain

    RickStain Well-Known Member

    Certeris paribus isn't just there for decoration.
     
    RickStain, Jun 26, 2017
    #39921
  10. The Big Ragu

    The Big Ragu Moderator Staff Member

    Why are people looking for a "study," to quantify something that isn't ambiguous?

    This is a price floor (the minimum wage).

    [​IMG]

    If you want to tell me that all things being equal, a minimum wage doesn't have the effect of creating more unemployed workers (increased demand) who want a shortage of jobs that pay the minimum wage (lower supply), you need to do one of two things: 1) Refute the laws of supply and demand, or 2) Demonstrate that the demand for labor is inelastic (i.e. -- rather than a sloping line in which the higher the price of labor, the fewer employees employers want to hire. ... so that instead labor is characterized by a flat line in which employers will (and can afford to) hire the same number of workers, even if it costs them more. And if you do that, you need to refute all the empirical evidence that history has given that demand for labor is NOT inelastic.

    Any study that doesn't demonstrate the reality in the graph above is a bullshit study. The only reason that people actually study cause and effect things in which the same cause ALWAYS brings about the same effect (when all other things are equal) is to create a bullshit "study" to try to argue with others that reality isn't reality. It's political hackistry, not a scientific study. Pointing to a "study" is ridiculous. You might as well have a study concluding that the earth revolves around the sun.
     
    The Big Ragu, Jun 26, 2017
    #39922
  11. RickStain

    RickStain Well-Known Member

    All things aren't equal, people aren't rational actors, all demand curves have some inelasticity.
     
    RickStain, Jun 26, 2017
    #39923
  12. doctorquant

    doctorquant Well-Known Member

    There's a swimming pool downstairs from me right now. If I drop a quarter in there, the water level is going to rise. If I drop a 10-foot by 10-foot cube of stainless steel in there, we also know it's going to rise. I'll likely not notice one of these increases in the water level, but if I insist that of course the water level rose, @RickStain would say that's just my worldview talking.
     
    doctorquant, Jun 26, 2017
    #39924
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