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Re: Oxfam: 85 richest people as wealthy as half of the world's population

By: Cactus Flower in ALEA | Recommend this post (0)
Mon, 20 Jan 14 11:03 PM | 53 view(s)
Boardmark this board | The Trust Matrix 		Msg. 15117 of 54959
(This msg. is a reply to 15116 by clo)
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hi clo,

the argument about the minimum wage is that if you raise it, jobs disappear.

this is definitely intuitive.

it is counter-intuitive to think that jobs do not disappear when the minimum wage is raised. and yet the evidence seems to support it if the raise is modest rather than extreme and the jobs are non-transferrable.

indeed, this is just the sort of way that governments can gently influence the distribution of wealth in society. it may be morally defensible. but the economic rationale is that you want more people to have spare income so they can use it to consume goods, build their own businesses etc.

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The above is a reply to the following message:
Re: Oxfam: 85 richest people as wealthy as half of the world's population
By: clo in ALEA
Mon, 20 Jan 14 10:43 PM 		Msg. 15116 of 54959

Hi Cactus Flower,

a rising tide lifts all boats, but we are in stagnant waters...

and its times like these a dictator-like candidate can rise, playing to the fears of the public.

these wealthy few, need to remember why Ford did well, he paid a wage so the employees could buy the product.

Walmart employees are being subsidized by food stamps & Medicaid, yet many republicans are opposed to raising the minimum wage... infuriates me!

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