tag:blogger.com,1999:blog-7169279.post7510153389725322281..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Effects of increasing the minimum wageDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-83322239423085634702015-11-15T23:14:12.424-07:002015-11-15T23:14:12.424-07:00Hank Hill: 50/50
I must sound like a broken recor...Hank Hill: 50/50<br /><br />I must sound like a broken record. Essentially everyone writing posts or comments in any of the threads about the minimum wage is presuming that a legally mandated minimum wage increase will not be met with a productivity improvement.<br /><br />I will admit that just saying "there will be a productivity improvement" is lame. <br /><br />But I think all of Dave Tuftehttps://www.blogger.com/profile/14877686358267438045noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-13287527615226324112015-11-15T21:41:42.371-07:002015-11-15T21:41:42.371-07:00This is definitely a hot topic today. I enjoyed re...This is definitely a hot topic today. I enjoyed reading the post, and more specifically I enjoyed the section highlighting "non-wage attributes". It made me think about all the consequences resulting from a minimum wage increase. One consequence that comes to mind is the possible price increase consumers will incur for the products and services in our economy. If an employer is forced Hank Hillhttps://www.blogger.com/profile/09944619495960290914noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-47385584720661303752015-11-09T23:22:43.319-07:002015-11-09T23:22:43.319-07:00JP: 100/100
I think the issue JP raises in the fi...JP: 100/100<br /><br />I think the issue JP raises in the first paragraph is that many people willingly choose to judge policies by intentions rather than outcomes or consequences. Personally, I don't like this. Economically, I think it's at best inappropriate, and often flat out wrong. But as a social scientist, I have to acknowledge that a lot of people do this by choice, and so it'Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com