>raising the minimum wage will cause increased unempl-
Minimum Wage
Austin Stewart
Aaron Anderson
That's not how the labor market works. You're a retard confirmed.
Adrian Miller
first of all, tutor 2 u? really nigga.
Second of all, raising the minimum wage may increase wages and employment in some labour markets. Like those of a monopsonistic employer.
>this is a hypothetical perfect labour market. not realistic
Sebastian Gonzalez
labor demand is not inelastic though
Robert White
a minimum wage is a tax on hiring the unskilled
the minimum wage was originally introduced to exclude subhumans from the work force.
Carter Thompson
>raising the minimum wage may increase wages
thanks bong, god save the queen
Luke Williams
do you even economics? raising MW always increases unemployment if the MW is higher than the equalibrium. However its not always a bad thing as firms will invest in capital instead of human labour and will be more productive long term and be more competitive.
Owen Hill
god help me im actually going to site a source on pol because not a lot of people know this
>hen California legislators voted to raise the statewide minimum wage to $15 per hour by 2022, labor activists cheered. Discounting fears that a $15 minimum might cost some low-wage workers their jobs, activists and their political allies celebrated a victory for fairness and economic justice.
>Progressive labor activists took a very different view 100 years ago, when 15 states established America's first minimum wages. Labor reformers then believed that a legal minimum would hand a raise to deserving white Anglo-Saxon men, and a pink slip to their undeserving competitors: “racially undesirable” immigrants, the mentally and physically disabled, and women. The original progressives hailed minimum-wage-caused job losses among these groups as a positive benefit to the U.S. economy and to Anglo-Saxon racial integrity.
Jordan Carter
>monopsony
lel
Xavier Reed
not an argument
>first of all, tutor 2 u? really nigga.
The graphs and consequences of them are consistent with their expected outcomes. What's the issue with it?