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.

@DjPhoenix

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*

*15

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

Bringing Grabers stuff into the mix was good but that sort of pre-history misses so much since say Italian banking in the late middle ages and on

their identity of gov deficit equal savings is also broken, but it's hard to argue because they have redefined the meanings of things like 'asset' with regard to the balance sheets of central banks. Monetary policy and fiscal policy are very different beasts.

Minimum wages are silly, there is no need to directly interfere in labor market. A UBI is a better tool, give it without means testing and you get the same results without the need for technocrats in the middle, which I suspect is part of the issue

GG @Sh0t, you just advanced to level 2!

Yeah, and minimum wages are hard to enforce. Lots of times work that the workers do at home that they still get paid for (ie someone makes a presentation to present at work the next day) goes under the radar