Message from @Leo (BillNyeLand)
Discord ID: 543570137220120607
Gotta get that 5.0
No surprise considering Bernie sanders is the most clueless democrat in economics
alongside AOC and Warren
and their supporters don't seem to differ far
AOC is clueless in everything
MUH DEGREE
Seriously
this guy is a moron https://twitter.com/BernieSanders/status/1091034779770863616
he may have good intentions as I suspect
But the path to hell is paved with good intentions.
He left them out because they weren’t among the list of groups doing poorly, that was the whole point of the tweet. Saying “but this group is doing ok!” Doesn’t negate the fact that others aren’t
Oof honestly I regret saying anything striders gonna hit me with seven paragraphs of Austrian economic garbage that becomes impossible to deal with because you’d have to unpack every sentence and I have things to accomplish in this decade
Raising the minimum wage probably does cause less work time and inflation in the short term. But as long as the employer is running a profit and the demand for labor is reasonably elastic, the increased wages transmitted to workers will outweigh that loss for other workers, for a net gain overall on the labor side. This has the added benefit of, through those laws of economics you cited, enticing more lazy freeloaders back to work, since they can get more money. Lastly, with the increased spending power possessed by consumers, demand increases, allowing businesses to gain back some of their losses from the higher minimum wage. The end result is an initial increase in the demand for jobs and a decrease in the supply of jobs, which is later offset by an increase in revenue that leads to an increase in demand for labor by businesses.
In short, the cost of a higher minimum wage is shared by businesses' profit margins, employees with hours cut, and the economy at large through inflation, while the benefits are shared by low-wage workers, and businesses through increased revenue.
That's my take.
I'd just like to tie minimum wage to inflation at a reasonable level to keep people working full time out of poverty
which would have to be regional as well to work well
no not inflation
bc thaers the risk of it being caught in an inflationary spiral
it should be roughly based on productivity per worker
right but between the option of an inflationary spiral that doesn't hurt the minimum wage workers and the minimum wage workers just seeing their adjusted wages going down over time I'd prefer the first
their wages are guaranteed there
All in favor of stealing the Mason's kickass fezzes after we kill them all?
I'll take those damn cars
*rolls up on u*
so what do you guys think of AOC's new green deal?
I like some parts of it
but absolutely hate others
It's socialism what more do you need to know
yeah put there are some good parts in it
Like the high speed motor rail
that would be great for the US
That's pretty much all I like about it
That doesn't need to be in a "deal" to happen lol
Yeah ik but i'm just saying I like that
I do too
However it seems like even the dems are against the new deal
since Nancy apparently threw it in the trash