Cannery Row et al

A. Be good at your Job
B. Be promoted or get a better one
C. No longer in poverty

need a job to get to point A, and the job situation is directly affected by gov policies, hence the rise of Trump

Trump's whole campaign was about the gov killing jobs

you also need to get a job that can support you

There’s still loads of opportunities

the right also knows the minimum wage can cause unemployment when high enough

Some places will even pay you to move there

the left sometimes acknowledges it, most don't quite understand what price controls do when they are floors

depends on what jobs you have, during jim crow that was often against the law, explicitly

Minimum wage at 40 would be gay, that’s instantly a lot of small business, the backbone of American economy gone

and that situation compounds through the generations

Apartheid state in SA was built around it

Same with 15 and that’s actually a debate

with 15 it becomes more of a tariff, because the low cost of living states lose their competitive edge

similar to what is happening to Greece right now in Europe

two different approaches that cause the same 2nd order effect

The problem is, people aren’t trying. They blame something or someone else for their being poor and never take the initiative to better their situation

I’m not going to pay a shitshow of a janitor 15 dollars an hour, he’s not important enough for that money

sure if a shame if those CEOs get smaller bonuses

People are trying, this is like the "Ok, Boomer" meme in raw form now

They’re not trying

In most case, they do ok, but it's the thumb on the scale effect

Or just dumb

god just screaming "bootstraps!" over and over again is entertaining

once again, i reference Friedman, who notes that the Black unemployment rate is often manipulated via the minimum wage

You can disemploy the marginal workers easily when you play with price floors

“They’re not trying” I’d like to see people “try” to your standards after automation “why did they fail, at being better then a robot? They’re not trying”

Why should I take this Friedman guys word as fact

He was only human, but he gave the issue some thought and study

won a Nobel Prize, etc

not on your level, but who is

uh the Nobel Prize in economics is not really a Nobel Prize

i know

in the memory of

the recent prize winner is very interesting too btw

Nobel prize isn’t really an achievement

MIT team using market-testing like approaches to poverty reduction

i love seeing how bad most economic modeling is

Even Obama got it

like the Nordhaus shit