So no we don’t want to be like Sweden with high as shit unemployment

That’s inefficient

@wahx yes but macro and micro Econ go hand in hand, you’re staying it as if they are two separate entities. Also companies should not be entitled to make sure all of their staff can afford a 2-3 person home. No. Minimum wage means what it is. The least amount you can live off of. Which I personally was able to make a surplus off minimum wage and save money for movies and what have you throughout my senior year high school while paying rent equivalent to a studio apartment and paying for my own phone bill. The fact that people are becoming entitled to ridiculous wages for minimal work proves how people in this country are. You have no proof and have yet to provide any where a single man/woman can not provide for theirselves while working a minimum wage full time job with no extreme variables. Fact of the matter is if you look at their expenses, most single incomes that do this either smoke (which increases their liabilities) or some other venture that they should not be getting into. There’s no justifiable reason why a 30+ year old should be making minimum wage. When you can prove otherwise then I can take your theories seriously

In fact I can guarantee you I can find 100 times the amount of people that will showcase entitlement for stuff they have no business to be entitled for, even asking for people to give them free things. Show me what you come up with and I’ll return with a list

Again, you may point “that’s micro and not macro” but when it comes to minimum wages, that goes hand and hand, there’s no disproving that.

Damn right

Consider in sociology what we call the structural functionalism theory.

Macroeconomists are wrong in general things

Microeconomicsts are wrong on the specifics

The minimum wage should not exist nor should the welfare state

If you eliminate minimum wage, and pay them more, a live-able wage, then you have to increase the cost of goods that are being sold to be able to pay those employees better. And the modern consumer is already taxed to death as it is, the cost of living keeps rising and some jobs don’t give raises. Mine hasn’t in years. We can’t afford higher prices.

Eliminate the min wage, and let deflation happen

Wage rises should only happen when the business wants

Not forced

Sorry but someone flipping burgers shouldn’t make anywhere near as much as me

There should be mass price deflation now

Inflation is theft

Dude the FED has a 2% inflation target

That’s so retsrded

Abolish the fed and return to the gold standard

What did I go to college for if someone will make near as much as I do for less effort?

I agree with that, the fed is the problem.

The fed should not exist

The printing of money needs to end

But the elite have a tendency to “off” those who try.... they tried with Andrew Jackson several times, jfk, etc

And it should be backed by gold

Yea

JFK, Lincoln and Reagan

Reagan got shot

So the fed ending won’t happen. The elites have too much control via debt.

It needs to end , or we will keep having recessions

And boom and bust cycles

They don’t care. They’ve all been purchasing gold in mass quantities.

It’s coming.

The bust ?

Eventually I’m sure the economy will crash.

You can’t keep printing money

Ye a bust needs to come

And it’s going to with a big bust

Look up George soros