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Progress Journals & Experimental Routines / Re: Eric's Journal:Dad Bod to God Bod
« on: December 01, 2015, 05:48:37 pm »
My response is: Union Yes. You can guess the rest of what I feel about it. Instituting a living wage is humane and makes economic sense. The main (rational) argument against wage hikes is that they'll boost unemployment because business won't hire as many people if they have to pay them more.
This is thoroughly refuted by the majority (though not 100%, it's not like climate change where the consensus in the community that studies the issue really is near-total) of economic studies of the phenomenon, which show that there is little to no effect of wage hikes on employment rate. For a good, recent review of the evidence and an attempt to explain why wage hikes show no such effects in real life, check this out: http://cepr.net/documents/publications/min-wage-2013-02.pdf.
There are also irrational or evidence-free arguments against wage hikes, which amount to the equivalent of telling homeless people to get a job. Hard to know where to start with those.
The irrational argument in favor is that we are forcing people to live in poverty even though we have the means to do otherwise, and that is immoral.
This is thoroughly refuted by the majority (though not 100%, it's not like climate change where the consensus in the community that studies the issue really is near-total) of economic studies of the phenomenon, which show that there is little to no effect of wage hikes on employment rate. For a good, recent review of the evidence and an attempt to explain why wage hikes show no such effects in real life, check this out: http://cepr.net/documents/publications/min-wage-2013-02.pdf.
There are also irrational or evidence-free arguments against wage hikes, which amount to the equivalent of telling homeless people to get a job. Hard to know where to start with those.
The irrational argument in favor is that we are forcing people to live in poverty even though we have the means to do otherwise, and that is immoral.
