Gold Supporting Member
- Apr 6, 2020
- Reaction score
- Sunny Florida
Back to butcher the English language a bit more, Daniel? There has to be a 9th grade English teacher somewhere that winces every time they think of you!You have no sense or you would have more than, nothing but fallacy (of argumentum ad hominem).Oh, god...another Danielpalos post where you try and sound like you know something about something you obviously know nothing about! Amazing that you can put so much gobbledygook into one sentence! Do you even grasp that made ZERO sense or are you so delusional you actually think you're being intelligent with that gibberish?I would agree with you but for the cost of our endless War on Poverty. Special pleading with microeconomics is just that, an appeal to ignorance of macroeconomics and macroeconomy of the welfare of the United States in general.You struggle with basic economic principles, Jake! One of those is that people tend to buy more of something when it is cheap and less of it when it is expensive. That goes for labor as well as products or services. When labor is inexpensive then employers employ more people or have their existing workers work more hours. When labor is expensive then employers lay off people or have existing workers work less hours. That isn't a "gut feeling"...that's reality! An increase in the minimum wage will result in the people who have the hardest time getting work...the young and the unskilled...being left out of the workforce.As all the empirical economic evidence reveals 15 dollars per hour would not cost jobs or be inflationary, well below the medium wage in every state, including Mississippi the argument against it is ideological, not economic. Based on primitive economic assumptions and gut feelings not economic evidence.
Now America is lost in the whirling storms of it's own emotions, much policy is not rational or beneficial to society as a whole, there will be a lot of opposition to this very rational economic proposal, but if it does get through demand will increase, poverty will decrease and America will be one step closer to the elusive concept known as civilisation.