1. The official Sherdog Store is back! Check it out! » Discuss it here! »
Violence/Genocide: Do not condone violence or genocide on a person or group of people. You are free to attack a person or groups ideas but you are crossing the line when calling for violence. This will be heavily enforced in threads with breaking news involving victims.

Economy Right wing economic theory BTFO again.

Discussion in 'The War Room' started by no fat chicks, Oct 11, 2021 at 6:47 PM.

  1. adam199 Purple Belt Platinum Member

    Joined:
    Jan 7, 2011
    Messages:
    2,303
    Likes Received:
    378
    Yeah, the answer to society's problems is clearly not to have as little government as possible. That sounds good to people who are so well off that the government only gets in their way, but a lot of those small government/libertarian types greatly overestimate how much of their success came from their own talent and hardwork, and underestimate how much of it came from being born into fortunate familial conditions and the government at least somewhat curbing psychotic corporations from swallowing up and enslaving society.
     
    jimmas99 and Khabib Khanate like this.
  2. SammyPops Steel Belt

    Joined:
    Apr 13, 2007
    Messages:
    26,031
    Likes Received:
    2,154
    Location:
    Sitting beside Patient Zero

    No. I am asking if this study shows that MW hikes do not cuase inflation on goods that people making MW buy. I do not think it does.
     
  3. ocfightfan Sic semper tyrannus

    Joined:
    Oct 13, 2006
    Messages:
    27,084
    Likes Received:
    3,374
    Location:
    In the bunker
    The Nobel committee gave the Peace Prize to Yasir Arafat, a terrorist who died of aids, and Barak Obama, an ass clown from Kenya who was just starting his failed Presidency.

    They used to have credibility, but after the Obama thing no longer.
     
  4. Yehudim Double Yellow Card Double Yellow Card

    Joined:
    Jul 2, 2020
    Messages:
    4,344
    Likes Received:
    5,620
    It isn’t just a rise in prices, hours get cut for workers too in some cases.

    Employers know how to get around the MW now.
     
  5. no fat chicks Worlds greatest poster

    Joined:
    Oct 14, 2009
    Messages:
    8,679
    Likes Received:
    875
    Location:
    TBC
    Ooo wow ya got me there.

    Better keep paying people slave wages because a rich guy hired a poor guy.
     
    cooks1 likes this.
  6. IamStryker Gold Belt

    Joined:
    Dec 20, 2013
    Messages:
    16,276
    Likes Received:
    1,690
    Wait, this was done in the 1980s and this guy thought the award was a joke?

    Wow so earth shattering.
     
  7. no fat chicks Worlds greatest poster

    Joined:
    Oct 14, 2009
    Messages:
    8,679
    Likes Received:
    875
    Location:
    TBC
    Where's your study that has discredited this data?
     
  8. IamStryker Gold Belt

    Joined:
    Dec 20, 2013
    Messages:
    16,276
    Likes Received:
    1,690
  9. no fat chicks Worlds greatest poster

    Joined:
    Oct 14, 2009
    Messages:
    8,679
    Likes Received:
    875
    Location:
    TBC
    Basically the article states that it can lead to issues if we lack social safety nets.

    One potential approach is to couple any minimum wage increase with additional mechanisms designed to ensure consistent schedules and adequate hours while avoiding placing a major burden on employers (since that can lead to job losses). For example, five cities and one state have passed comprehensive “fair workweek” laws since 2014. These policies mandate that employers provide workers with greater stability and predictability in their work schedules, and in many cases, they also require employers to offer part-time workers the chance to increase their hours before adding new staff. The specifics of how such policies should be implemented and a comprehensive analysis of their effectiveness are outside the scope of our research, but there is evidence to suggest that they may improve both the well-being and productivity of workers — so we would argue that they are certainly worth careful consideration.
     
  10. mjfan23 Gold Belt

    Joined:
    Oct 7, 2005
    Messages:
    16,799
    Likes Received:
    4,789
    Location:
    Hall of fame
    Everyone is against min wage going up cause while it is going up their own wage isn’t going up at the same rate. Give everyone an equal raise rate and everyone will be happy.
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.