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

from last year i think

God, that isnt a Nobel Prize either

Nobel himself long dead so he didn't get to come up with them, the same agency does it

the Swedish Academy of Science or whatever

Royal Swedish Academy of Sciences

they only hand out the real Nobel Prizes

for actual sciences

I would say Obama deserved it but Trump sort of undid his work

we went backwards like 30 years on nuclear proliferation since Trump got in

the Iran deal break only makes it worse

its called a peace prize and he was sort of drone bombing a lot of peeps