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What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock. The government is far to larger and filled with bureaucracies to respond to the marketplace with any kind of efficiency.Curious what you believe happens to demand when the government artificially increases the price of something.
Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
We had slavery for a long time too, that didn't make it right. Of course many youths can't find jobs, what planet are you trying from? It's a beginner wage, the higher it is the less employers are going to be motivated. Have you ever owned a business?Minimum wage also prevents the young from getting a start in the job market. That's not a success. And I don't see how you can consider utility monopolies a success, compared to what?Be specific.It also worked and continues to work well in America and the rest of economically developed world. Where there are certainly specific examples of government regulating some prices, some profits and some wages.
Minimal wage - that is a clear example of regulation of some wages.
The other examples are mostly found in inherently monopolistic businesses like basic utilities - government de-facto controls those prices and profits because consumer has little alternative but to rely on a single source for electrical/water/gas needs.
Regulation of monopoly | Economics Help
We've had minimum wage since 1938's, I don't recall any crisis relating specifically to young not being able to start in the jobs market - do you?
Highest minimum wage was in the 60's at about ~$10-$11 in REAL terms, can you spot youth unemployment spiking?
What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock.Curious what you believe happens to demand when the government artificially increases the price of something.
Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
You need to connect the dots. You are just slinging shit out there and declaring they are associated. You are in no position to dictate what exploitation is or is not. You are not god and don't have the information. Nor can you claim with any credibility that job availability would be the same regardless. It defies logic. You just talk out of your ass, over and over and over.That's right, just as slavery is morally wrong, so is compensation that borders on exploitation.
Your assertion that youth unemployment is obviously increased by higher minimum wage is contradicted by historic data.
Huh? Digging deeper into the cess pool?What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock.Curious what you believe happens to demand when the government artificially increases the price of something.
Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
Reality is far less binary, you can have slightly over-priced or slightly under-priced products, in fact to one degree or another most are.
Also, see drug pricing for a stark example of demand elasticity
Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress
You need to connect the dots. You are just slinging shit out there and declaring they are associated. You are in no position to dictate what exploitation is or is not. You are not god and don't have the information. Nor can you claim with any credibility that job availability would be the same regardless. It defies logic. You just talk out of your ass, over and over and over.That's right, just as slavery is morally wrong, so is compensation that borders on exploitation.
Your assertion that youth unemployment is obviously increased by higher minimum wage is contradicted by historic data.
Huh? Digging deeper into the cess pool?What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock.Curious what you believe happens to demand when the government artificially increases the price of something.
Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
Reality is far less binary, you can have slightly over-priced or slightly under-priced products, in fact to one degree or another most are.
Also, see drug pricing for a stark example of demand elasticity
Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress
You went much further than that. You were basing your statements on what you feel is exploitation. And why it would be so wrong anyway. I've done shit loads of stuff for many years for less that it was worth.You need to connect the dots. You are just slinging shit out there and declaring they are associated. You are in no position to dictate what exploitation is or is not. You are not god and don't have the information. Nor can you claim with any credibility that job availability would be the same regardless. It defies logic. You just talk out of your ass, over and over and over.That's right, just as slavery is morally wrong, so is compensation that borders on exploitation.
Your assertion that youth unemployment is obviously increased by higher minimum wage is contradicted by historic data.
...lol that is not how the system works.
I do not dictate ANYTHING. What we the people do is vote and our representatives pass laws that dictate. In this case popularly supported minimum wage laws.
So what we are talking about is not my dictating anything, we are talking about is why I believe minimum wage laws are sound and what I base that on.
It makes no sense? What's the connection?Huh? Digging deeper into the cess pool?What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock.Curious what you believe happens to demand when the government artificially increases the price of something.
Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
Reality is far less binary, you can have slightly over-priced or slightly under-priced products, in fact to one degree or another most are.
Also, see drug pricing for a stark example of demand elasticity
Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress
...? Umm no?
You went much further than that. You were basing your statements on what you feel is exploitation. And why it would be so wrong anyway. I've done shit loads of stuff for many years for less that it was worth.You need to connect the dots. You are just slinging shit out there and declaring they are associated. You are in no position to dictate what exploitation is or is not. You are not god and don't have the information. Nor can you claim with any credibility that job availability would be the same regardless. It defies logic. You just talk out of your ass, over and over and over.That's right, just as slavery is morally wrong, so is compensation that borders on exploitation.
Your assertion that youth unemployment is obviously increased by higher minimum wage is contradicted by historic data.
...lol that is not how the system works.
I do not dictate ANYTHING. What we the people do is vote and our representatives pass laws that dictate. In this case popularly supported minimum wage laws.
So what we are talking about is not my dictating anything, we are talking about is why I believe minimum wage laws are sound and what I base that on.
It makes no sense? What's the connection?Huh? Digging deeper into the cess pool?What the hell is that? Either it's priced too high and sells less or it's lower than it needs to be and they can't keep it in stock.Basic rule of thumb is that increased cost reduces demand.
More serious estimation also includes demand elasticity analysis.
Reality is far less binary, you can have slightly over-priced or slightly under-priced products, in fact to one degree or another most are.
Also, see drug pricing for a stark example of demand elasticity
Martin Shkreli pleads the Fifth, then tweets about 'imbeciles' in Congress
...? Umm no?
We have a Commerce Clause.Many here complain about income inequality. I can only assume these are the people who believe they are getting the shaft and need to blame someone else for their poor choices. I say this because men and women of reason typically take charge of their situation and change it for the better instead of wallowing in self pity and blaming others. I understand that it can feel good to pretend that you are a victim and that it is not fair or that others only are successful because they cheated or had an unfair advantage or they were just darn lucky, but that really isn't the case. So my question for you unlucky, disadvantaged and cheated individuals is this....
Would you like for your government to regulate prices, profits and wages?
Winner, winner, chicken dinner!It wored well in Venezuela.
Yes, indeed. I would be shocked if one liberal entered this thread to defend socialism, but you know they all want it.
How does a minimum wage suppress wages?How does that help? Some economists believe it suppresses wages.Do you consider minimum wage a positive government regulation of wages?Be specific.It also worked and continues to work well in America and the rest of economically developed world. Where there are certainly specific examples of government regulating some prices, some profits and some wages.
Minimal wage - that is a clear example of regulation of some wages.
The other examples are mostly found in inherently monopolistic businesses like basic utilities - government de-facto controls those prices and profits because consumer has little alternative but to rely on a single source for electrical/water/gas needs.
Regulation of monopoly | Economics Help
Yes, there should be a standard for minimal compensation for labor.
Guys like Henry Ford, "rise to the challenge"?Curious what you believe happens to demand when the government artificially increases the price of something.
What exactly do you admire about socialism, Timmy?Winner, winner, chicken dinner!It wored well in Venezuela.
Yes, indeed. I would be shocked if one liberal entered this thread to defend socialism, but you know they all want it.
All th winner countries have socailist aspects to them .
It wored well in Venezuela.
It also worked and continues to work well in America and the rest of economically developed world. Where there are certainly specific examples of government regulating some prices, some profits and some wages.
Yes, there should be a standard for minimal compensation for labor.
Yes, there should be a standard for minimal compensation for labor.
There is. It's called the wage you and your potential employer decide on when they hire you.
