EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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The declining unemployment rate in Seattle would seem to indicate the opposite.
actually it could indicate 100 things.
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The declining unemployment rate in Seattle would seem to indicate the opposite.
Public policy. Just lousy management. Why not excise the wage difference in taxes from expatriate firms that leave for cheaper wages.So your response to me pointing out that you weren't using recent numbers is to write a non-sequitur.
Sorry, too much cut and pasting.
Derp---Were they priced out, or did they just get better paying jobs?
Todd---Employees who aren't worth the higher rate get priced out.
So who are the people getting "priced out"? The declining unemployment rate in Seattle would seem to indicate the opposite. If all these MW workers were "priced out", then surely that would be reflected in a rising unemployment rate, correct? So your argument seems to be that raising the MW leads to better paying jobs for everyone.
Seattle is far from a scientific experiment with one variable held constant but we do know it's pure madness to claim minimum wages don't matter when robots are taking jobs every day, Walmart is struggling for survival against Amazon everyday, 20 million jobs already went to China because of lower wages, the basic law of supply and demand says when you raise price demand falls, and when a minimum wages makes it illegal to hire anyone not worth the minimum wage .
You actually admit to indoctrinating students with this garbage!First off, that isn't what is meant by "trickle down," secondly I believe you are poorly coopting a thesis I have stated many times here and to my classes regarding supply side. Are you familiar with Says law?
Essentially the iPhone proves Says law in practical terms. In 2003 there was no demand for smart phones that could run applications. The ignorant trolls that claim demand is that basis of economic advance would then be forced to state the iPhone does not exist, since there was no demand to drive it
How ever, supply creates demand is a fact, an economic law. Jobs and his group CREATED the demand for smart phones by stealing the technology from Hewlett Packard and demonstrating through marketing to the public WHY they wanted and even needed the device. Jobs CREATED the demand by providing a supply of product and showing why they were needed.
A classic illustration of supply side economics in action. Has nothing to do with anything "trickling down," though increased activity reverberates throughout the market and increases wealth at every strata.