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Do you collect hats from your favorite sports teams?” Also, some people are unable to adopt or have children of their own and therefore babies have a comforting, realistic weight and feel, as if you were holding a real baby. These dolls are also a kind of craft project or not for certain designers or collectors. You can buy a lot of things online for “reborns” and customize that doll to your liking. I don’t understand you
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(17 People Like it) Do employees who already earn $15/hour or more (eg accounting clerks, ambulance workers) also want a raise in places where the minimum wage rises to $15/hour?
pressure on the economy. However, concluding that inflation absorbs minimum wage growth is not supported by any macroeconomic research. It’s also a testament to the brilliance of a very cynical marketing effort trying to win arguments through a constant disinformation campaign, when he admits that facts don’t make good politics. Basically, changes in the minimum wage are related to the redistribution of wealth. There are many who believe that our current level of income inequality is a healthy byproduct of a functioning capitalist economy. I argue that these people do not understand capitalism and are deliberately blind to how devastating current levels of inequality are to our national productivity. Joseph Stiglitz was awarded the Nobel Prize in part for his work in this field. A really good summary of Joseph Stiglitz’s book, From the Price of Inequality: On the 1 Percent Problem: If raising the minimum wage is good, who would oppose it? In the long run, there is some good evidence that minimum wage increases benefit nearly everyone. HOWEVER, in the short run, the minimum wage allowance “labor” increases at the expense of “capital”. In other words, these changes are BEST for everyone. One of the most insidious by-products of income inequality is the dramatic increase in rent-seeking behavior; It is a pattern of behavior of wealthy interests that “change the rules” of our economy to redistribute a disproportionate share of resources without providing any value in return. There was a Presidential study on our “fraudulent economy” in 2017, I will cite the study as a footnote.[1]But here’s a rundown: How Rent-Seeking Perpetuates Inequality Those who oppose Minimum Wage Increases tend to be the same lobbying groups that sponsor an agenda of rent-seeking behavior that exacerbates income inequality.[2]. These notable ‘non-beneficiaries’ also tend to contribute greatly to conservative causes. And like capital gains tax[3]inheritance tax[4][5] and regulations surrounding banking reform[6], these contributors are fully aware that they are advocating an unpopular position. That is, they cannot show their cards and admit their true intentions (would you?) – they need to come up with other arguments.[7]
Instead of discussing issues, create counter-narratives that confuse voters[8][9][10] Rather than using facts to defend an unpopular position, their arguments are reshaped by the reducing power of populist politics and then detonated through established channels of ideologically inspired dogmas. Now we are arguing about something other than the main issue. The “new” minimum wage argument has been moved away from peer-reviewed research into a well-crafted, solid narrative. Instead of facts, the voter hears an oversimplified “thought experiment” to cause him to conclude that he understands the issue. From there, it’s easy to convince that voter that you can guess their views on something similar to the same problem. But it doesn’t – and the same intellectual arrogance that gets excited to “understand” one problem prevents us from seeing that it doesn’t apply to the other problem. That’s the essence of conservative marketing, and it’s very effective.[11]
Who needs facts when you have a “thought experiment”? Think about the minimum wage argument you hear all the time. “If I did a job and suddenly the enactment of the minimum wage caused me to pay that worker more, I would hire fewer workers.”[12]
Sounds like a good argument. Apart from that, it offers a simple microeconomic structure to refute a much more nuanced macroeconomic problem. This distinction sounds like semantics to me, but it goes much further. Micro: Focuses on the decision of a single entity. And how the laws of supply and demand make a particular decision about price level or resource allocation. Macro: Focuses on the behavior of the economy as a whole and focuses on entire industries and economies, not just specific companies. It looks at economy-wide phenomena such as Gross Domestic Product (GDP), how decisions affect unemployment, national income, growth rate and price levels. By reducing the broad question of how the minimum wage affects the economy to “what would I do if something cost more?” conservatives reframe the argument. The micro question is the wrong question: it ignores all the secondary effects of the minimum wage: specifically (1) improves social mobility (2) reduces poverty (3) increases economic activity (4) increases monetary momentum. In other words, the more accurate micro-question would be: “If I ran a business and suddenly the minimum wage went into effect, I had to pay that worker more, BUT because the additional wages these workers were getting meant I was the new owner. customers, with more money to spend in my business…” The secondary effects are important—even in thought experiments… But even economists can’t agree on the minimum wage, right? Not much. The minimum wage is one of the most studied phenomena in the entire economy, and the collective understanding is best expressed in Card Krueger’s 1993 paper Minimum Wages and Employment: A Case Study of the Fast Food Industry in New Jersey and Pennsylvania This is a comparative study of a single person. is work. MSA covering two states, one with a minimum wage increase and the other without. It turned out that raising the minimum wage did not affect the increase in employment. The AMA contributed to better lives for low-income people who benefited from the pay increase. There have been some updates since – especially notable Belman and Wolfson[13]
To be clear, this is not a “stand-alone study” but the culmination of 50 years of economic research on the subject. That’s what the real scientific process is all about – rarely “revolutionary” – and more often a collection of small, contentious, mysterious studies that support a slow and steady march of progress. Doesn’t the inflation caused by the minimum wage increase eliminate the benefit of the increase? not even near [14]Our economy is big. The impact of the minimum wage increase on the wider economy is minimal. However, a meaningful minimum wage provides upward mobility. You want to know what destroys an economy: no hope… But ideology persists – especially when misguided[15]. Even independently, the study blocked a number of well-funded and increasingly stupid attacks for one reason: it’s true. (example of the latest “work” related problems Problems of a New Study on Seattle’s $15 Minimum Wage) Frankly, I blame the Democrats. Rather than using facts to refute an intellectually flawed attack, Democrats are promoting a “hardship at the bottom” story[16]. But ignoring the conservative dishonesty, they unwittingly affirm it. If voters understood how wealthy interests co-opted misunderstood policies such as opposition to minimum wages to support the largest transfer of wealth in history, they might eventually recognize these “job creators” for what they are. The Economist had a good article on this: The rich, the poor and the growing gap between them Instead, Democrats focus on philanthropy and empathy – both noble ideals – but completely inadequate for this ‘knife-fight’.[17] Still, you can’t blame the GOP… it represents their true base.[18] I’m disappointed that Dems didn’t want to scrap a bit. Read some more, if you like: Angry restaurant worker / Jezebel blogger: angry but basically right[19]
footnotes
[1] Xs://obamawhitehouse.archives.gov/sites/default/files/docs/2017_bilgi_report_of_president.pdf
[2] How does a powerful right lobby plan to stop minimum wage increases?
[3] Republican “Small Business” Tax Cuts Could Help Mostly Wealthy Individuals
[4] A big tax cut for billionaires, courtesy of the GOP
[5] Property Tax Used to Be Popular — Even With Republicans
[6] How Banks and Republicans Plan to Kill Financial Reform Under Trump
[7] How ‘Election’ Was the Most Misleading Word in Politics
[8] Trump Supporters Seem Not Ignorant, but Misinformed
[9] The GOP’s Misinformation Problem
[10] Conservative Voters Aren’t the Only Cause – Lawyers, Gun Money
[11] Frank Luntz’s Pain
[12] Column: Why is raising the minimum wage good economics?
[13] X://research.upjohn.org/cgi/viewcontent.cgi?article=1220 context=empl_research
[14] Column: Why is raising the minimum wage good economics?
[15] Confirmation bias – Wikipedia
[16] I Don’t Know How To Explain To You That You Should Care About Others
[17] Opinion | B
