SHOCKING! Libertarians were right about "muh minimum wage" it has failed in Seattle

SHOCKING! Libertarians were right about "muh minimum wage" it has failed in Seattle

usatoday.com/story/money/nation-now/2017/06/27/report-finds-seattles-15-minimum-wage-may-hurting-workers/431424001/


forbes.com/sites/michaelsaltsman/2017/06/21/the-problems-with-a-new-study-on-seattles-15-minimum-wage/#5c3d142b156a

>The average hourly wage for workers affected by the increase jumped from $9.96 to $11.14, but wages likely would have increased some anyway due to Seattle's overall economy. Meanwhile, although workers were earning more, fewer of them had a job than would have without an increase. Those who did work had fewer hours than they would have without the wage hike.

So can these crypto-socialist finally shut the fuck up? Even their utopia, the nordic model, has no minimum wage at all

>increase the amount you pay people
>don't increase the amount they earn for you

pretty surprising that this didn't work desu

Don't worry, universal income is coming.

> Be communigger
> Make it illegal for people to sell their labor at some arbitrary prices
> Performs mental gymnastics to convince himself better opportunities magically appear in their place

Kekkonen

Is this surprising?

Not surprising at all.
Whoever denies this fact should try an experiment.
This:
create your own state and conduct an experiment based on their ideology.

it could result into the exploitation of their own ideology, but it also can result into their embrace.

Wow
Shocker
Seattle fucked up again

Oh wow, people doing what's most beneficial for them

You're telling me all those non-pozzed economists who predicted this would happen are right? You're kidding. The jews need skinned.

PULL THE FUCKING TRIGGER

Let me make clear, that raising the minimum wage will induce more poverty through unemployment

serves them right

>wasting a bullet on such a tiny spider

pfft fucking merkins

The trouble with all the "Feel Good" Socialism is that you still can't force someone to give you a job. You can't force them to give you one because not all labor is truly profitable.

Say you are a lumber jack. As long as lumber jacking is a tough job that few men can do, you will make decent money at it. If a bunch of robots can do the job more quickly, you will not make much money doing it. The wrench in the system is supply and demand. If the market is fully provided with lumber products, the customer can go to the nearest hardware store and get anything you can give them. You can't force customers to buy from you either.

This is why all forms of Socialism end up failing.

Its almost like people should have paid attention in their high school economics class or something

Many people who believe in "Feel Good" Socialism don't want jobs. They just want the trickle down $$$ from those who do have jobs. It's the promise of socialism. Basically, they want to be full time welfare recipients because they're lazy. And if they are forced to work-- which they don't want to do-- they'd better be starting at a high wage, even for a menial job that takes no skills.

IMAGEN
MUH
SHOCK

>Communism wor-
>IQ is not rea-
>loses his mundane job to robot invented by high IQ white people

>shooting spider bro
Pussy.

i know, its almost as if leftists and socialist commies have no idea on how economics works. Eh, fuck it Seattle should raise taxes because people are making so much now! Im sure everything will get better :)

Who could have known economics was real???

So, there's one part of this report I don't understand:
"The study notes that like other research, including the University of California study, they found the minimum wage increase had little effect on the restaurant industry. "

Can a mathemagician with a doctorate in money explain this to me? Is it because restaurant workers (aka Tips) only have to meet the federal minimum wage that they're not affected? Or do they still have to meet state minimum wage? And when they say restaurant workers, do they mean people in the back who don't work for tips or only the front workers?

Dunno how tip-work works, so excuse my ignorance. I was under the impression that it doesn't matter if you don't tip because the employer has to pay them the minimum wage anyway.

the retards believe jobs exist to give them money, when reality is jobs exist to make the person you are working for money.

>starts with SHOCKING!
>>>/reddit/

Economies are so complex that empirical economic research can find evidence to support any conclusion you want.
This is why the Austrian school rejects such methods.

I can't wait for the minimum wage increase heading to Ontario. It's such a huge increase that the negative effects of the change will be too significant to ignore. They are literally going to prove how bad of an idea this is by simply doing it. Can't wait.

Of course, that is how it works.

No it's not pinko faggot.

Ditches are widely free and available, however.

OH NO, I DON'T HAVE TO WORK AS LONG HOURS TO MEET MIGHT BILLS AND MY WIFE DOESN'T HAVE TO WORK BECAUSE I GET A LIVING WAGE, BOO HOO.

Be a stupid person
Stupidly interpret stupid metrics.

>be you
>dont understand the negatives of being forced to work less hours when the salaries increase
I get the feeling you are a college student, aren't you?