The Democratic National Convention

[Burinn]

This convention tho!



Making history here. Sorta really upset about Bernie though...

Thoughts?

[Jesus_Smith_Nandez]

feel the bern haha socialism always works :^)))))))

[Burinn]

feel the bern haha socialism always works :^)))))))

Jesus was a socialist.

[Ysh]

[Jesus_Smith_Nandez]

guys we need to fight unemployment but also raise the minimum wage and lower the demand for labour lol it will definitely work

[Burinn]

guys we need to fight unemployment but also raise the minimum wage and lower the demand for labour lol it will definitely work

It's been proven over and over the raising the minimum wage to 15 dollars an hour will not reduce the number of jobs in the labor market.

[Patchouli_Knowledge]

That is also assuming it gets past the political elites.

[Jesus_Smith_Nandez]

guys we need to fight unemployment but also raise the minimum wage and lower the demand for labour lol it will definitely work

It's been proven over and over the raising the minimum wage to 15 dollars an hour will not reduce the number of jobs in the labor market.

It is the most basic of economics to say that demand will lower as price goes up, bordering on common sense. You will eat out less if the price goes up, companies will hire less labour if the price goes up. It's cause and effect, literally how can you even deny this.

[borka]

jesus you're aware that there are countries that did, and all ranting about it being counterproductive had been proven wrong ...

[Jesus_Smith_Nandez]

In the words of Thomas Sowell, the real minimum wage is zero. This is what many inexperienced and low skilled workers are receiving right now due to legislation that makes it illegal to pay them what they are actually to an employer.

This is especially terrible when these people come from low-income, unskilled and/or minority backgrounds and urgently need to start climbing the job ladder as soon as they are able to and are prevented because what they would be worth as an employee is below what is legally able to be payed.

Damn, it would be so great if the government could just decree higher pay for workers, without actually having to worry about repercussions, but labour is not some how in a different playing field as anything else being bought and sold in a market. It is not exempt from the basic economic principle that artificially high prices cause surplus. This is true for meat, steel, leather, wood, anything you can name. Why in the high hell would labour be any different?