Message from @DjPhoenix
Discord ID: 631250343942160394
Increases productivity.
nope
Due to a higher value in return.
Yes.
Pelth you're retarded lmao
Don't try and act like you know shit
When you don't.
Go learn nursery stuff first.
Workers work harder when they have more to work for.
Simple.
If we assume cateris paribus then yes.
only if you're raising wages in one position or line
Pelth if you think I'm going to waste any more of my precious time on your useless life.
if you raise it universally, it just universally pushes everything up and nothing changes in the long term
Wrong but I can't be bothered.
you might get some unemployment until things restabilize
but it will balance back out to the same proportional value
Read modern monetary theory
*Some small business can't afford that 14 dollar minimum wage*
oof
Yes, small businesses will have troubles.
Either increasing their products price or letting workers off.
^ unemployment
Yes.
This should probably be moved to economics
Probably but I want to see more throttles vs pleth action
Oh me too but
That can happen in economics lol
No u
throttles subscribes too much to these brainlet tier economic theories though
Fuck, you got me
he takes them as the gospel
when in reality they have a very loose statistical correlation with anything
in economics courses they really need a disclaimer that says, this is all just if we assume x, y, z... are true
Yes, there are many variables but we teach the most likely outcome in most cases.
@Pelth not really, these economic theories is what our economic systems are based off
Also provide a citation for "loose statistical correlation with anything"
My main beef with MMT is the jobs guarantee
I feel they also overstate the tax-as-demand function, partly because they are correct on the EARLY history of money, but they don't say much about the last 500 years