If you increase wages, less jobes, and competition gets worse on a labor force.
And in stores regular prices inflates to stay with competition.

And it goes the opposite, if you lower the wages, more jobes, less money, less prices on stores...

As I previously said, it's a broken system.

*if you raise wages by a drastic margin overnight

it needs to be done much slower than they're doing, but it still needs to be done

Doesn't matter, the money is the controling factor of how it plays with competition, and demands.

and where the fuck are you getting these metrics? less wages means more jobs? it means people without means to even house themselves, let alone get employment

It wage is increaed, or lowered.
The town of the area also gets effected from the local competion, since everyone fights for more profit.

It's just basic fucking economics.

in their section of market, sure. You won't see a brewery competing with a hot dog factory or some shit

Yes, more jobs = less pay, becuause then you'll be supplying more for a majority.

You still need to consider the workplace.

Like I said, it's a fucky system.

I think its you not considering shit here. you still have yet to justify this notion that directly lowering wages will increase employment

Yes lowering wages increase employment.
But then you still need to worry about competition about the local area's supplying that demand.

>yes
that's not a fucking justification. that's an assertion

citations, bitch

just seeing the wind blow in one direction on this issue doesn't automatically make the opposite true

The main focus is business competition.
One can come in, and make one business go out of business, because the other business does a better profit, then causes job loss.

Business, and marketing.

holy fuck and you think to lecture me on "basic economics"

it is in no fucking way that direct or simple

Trying to make it simple.

and sounding like a child

Well most of the time, I need to do it this way for alot of people, so no judge.

Yes, a sharp jump in mandated wages is a shock to the market and employment economy, because businesses have already laid an internal infrastructure for the wages they already have

and as such had no reason to prepare for such an ill-concieved wage raise

This is not proof that going the opposite direction will magically make all of these effects perfectly reverse

Reason why, hiking up the price in wages, where the left is declairing, is such an economic mistake in this concurrent system.

Everything goes up, if that is pushed.

So it doesn't make anything better.

It just remains the same.

You're still avoiding explaining how directly intervening in wages in the opposite direction, lowering them, will somehow increase employment or competition

This is why I did the bitcoin example for computer parts.
The virtual coin literally hurt the dollar for like 7 months.
Till inflation when back to normal, from bitcoin value.

and I swear to fuck if you just respond with "yes it does" and nothing else

But...
If the "$30 wage" are only for bigger business that can support it, it can work.
But... that would just make people switch to that job "if quilified", becuase wage hike.
Then making the other companies lose worker force.
Then that would probably set the scale of a difference in economy once you start thinking the difference.

So he just avoids the question, fine.

Might turn out like california once you start thinking actually.

That could also infect house living aswell.

Mhm, much thought on the matter tbh.

Protests continue in Hong Kong
> https://www.youtube.com/watch?v=BaOtLKrnF8E

There are plenty of studies regarding the minimum wage and how it affects job growths.
The latest i have regarding Seattle Minimum wage law states that: "Seattle’s minimum wage ordinance appears to have delivered higher pay to experienced workers at the cost of reduced opportunity for the inexperienced." Meaning that the employers are willing to pay 15$ for experienced workers already trained in their own job, but if you are a worker with little experience you will get less chance to get a job and be trained in the workplace.