tag:blogger.com,1999:blog-7169279.post5773482275000227844..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: JOBS - Not Steve, The $7.25 KindDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7169279.post-23241924325372005112013-11-11T10:41:32.095-07:002013-11-11T10:41:32.095-07:0010-S Pro: 50/50
This is more or less the standard...10-S Pro: 50/50<br /><br />This is more or less the standard textbook argument against raising the minimum wage.<br /><br />I would add though, that economics doesn't make much distinction between small and large businesses. The focus on "small business" in America is a fetish that doesn't have a lot of objective basis.Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-56764015021091419602013-11-11T10:35:53.915-07:002013-11-11T10:35:53.915-07:00This comment has been removed by the author.10-S Prohttps://www.blogger.com/profile/02491634462385485245noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-15846486203309621952013-11-11T10:35:03.785-07:002013-11-11T10:35:03.785-07:00My main concern with raising the minimum wage is t...My main concern with raising the minimum wage is that many small business owners are also struggling financially, so an increase could hurt the business owners as well as the organization. I may be speculating, but this could cause owners and managers to cut back and eventually employ less people, which could hurt the economy even more.10-S Prohttps://www.blogger.com/profile/02491634462385485245noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-51491696385206061002013-11-10T22:08:42.458-07:002013-11-10T22:08:42.458-07:00Bomber: 88/100 (taxpayer not tax payer, the minimu...Bomber: 88/100 (taxpayer not tax payer, the minimum wage, not minimum wage).<br /><br />Oh boy, Bomber. Citing numbers casually is probably not something you want to do with a macro guy.<br /><br />The poverty line is defined in relative rather than absolute terms. Yes, 15% are below the poverty line ... because they define the bottom 15% as poor, no matter how much they have. Many times the Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com