Hey Cohete, here's a hint: if you suck at statistics and can't grasp the concept of a natural experiment or a difference-in-difference study, maybe you shouldn't talk about economics. There are natural experiments. I feel like this is getting lost on you, since your approach on multiple topics seems to be name-checking irrelevant crap to the discussion (lol RDBMS). Do you have something about the minimum wage, or are you going to make this about one of your pet topics.
LOL, I have a degree in Economics. Your economic hot takes are about as dumb as your climate change arguments. If you have an argument to make, make it, or get the **** out.
I hope you are right, I see AI automation as the biggest threat to human ways of living in the near future, we will see how it turns out soon enough. I robots and redbox rentals are just the first step.
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Please, feel free to explain why every economics textbook is wrong with regards to the relationships between supply of a good or service and the price of that good or service. EDIT: more evidence of your immaturity: when did I bring up RDBMS's to this discussion? I won't discuss further with you until you provide such evidence. I can't help you out if you failed to grasp the most fundamental concept in economics: supply AND demand.
Talking points aside, 15 per hour in Cali is barely a Living wage. I worked for a non profit that paid its part time workers 15 per going back to 07. No the sky has not fallen for this company.
Please feel free to explain what economic papers you have ever read in your life. You bring up irrelevant crap to every discussion LOL. Your answer to evidence that illegal immigration has a near-null or null or even positive effect on worker wages is "supply and demand!" and "supply and demand is an art and we can't see their effects being empirically tested!" parroting words is what you do, and you know surprisingly few of the meanings behind them. (INB4 you bring up SQL to a discussion about new emerging technologies, or illegal immigration to a discussion about minimum wage--oh wait)
more people = more demand for goods =more entrepreneurs (immigrants found companies at twice the rate of natives) =flexible labour markets =more velocity of money due to higher propensity to spend =LOLOLOLOLOLOLOL supply AND demand. indeed.
By working two or three jobs just to scrape by. Man it's so easy to **** on poor people and blame them for everything.
A couple points: 1. The increase is going to be phased in gradually. Currently it is $10/hr. The $15/hr number won't be reached until 2022 (for businesses with 25+ employees) or 2023 (for businesses with <25 employees). So, we are not talking about an instant 50% jump. Also, the state legislature has plenty of time to reverse direction if things do go south. 2. CA already has a higher minimum wage, taxes and generally more liberal policies than most other states. No doubt that these are a burden to businesses, and we do hear about certain businesses (plus Dwight Howard ) moving from CA to lower-cost and lower burden states. However, the state's economy has been doing well and Governor Jerry Brown (who plays a big part in negotiating the minimum wage deal) has high approval ratings. http://www.latimes.com/politics/la-...roval-rating-latimes-poll-20160329-story.html So, it's not like the current "left wing" policies have turned California into a wasteland for business. On the other hand, we have states (Kansas, Louisiana) that aggressively slashed taxes to (theoretically) make life easier for businesses and spur growth and have not achieved the desired effect. It would seem that there are factors to having a successful economy that are more important than costs, taxes and regulation.
You're not the one who should be teaching Economics. You are arguing to change our immigration system, which I support. This does not change the facts about minimum wage in any way. Not a "hard" science. But there are empirical observations about how economies work. Yes, one which studies the dynamics of economies, which you have not done. As observed by NorthSide, your thinking stops at Econ 101.
Semi-related, but the American Academy of Pediatrics is now advocating for pediatricians and other pediatric health professionals to actively screen for poverty. http://pediatrics.aappublications.org/content/early/2016/03/07/peds.2016-0339
Every Econ 101 textbook. You can't help anyone out. You haven't thought as much about the topic as others in this thread. You haven't read as much about the topic either, and don't seem to have any idea what the empirical evidence says about minimum wage.
