Quote:
Originally Posted by bahbahmickey
The people who push for a MW of 15/hr or 20/hr because they are too stupid to realize what the unintended consequences are of MW.
MW actually makes far more sense (to the point of theoretically being possibly even good for actual workers) when very localized whil ebeing significatively problematic (when high enough) if implemented nationwide, so paradoxically dems are actually following economic common sense (and literature) by pushing more for local min wage increases than for national ones.
I speak from the right as a libertarian leaning pragmatist who dislikes the idea of state price setting in any part of the economy, jobs included.
But it's objectively far far far less damaging to society to have high minwage regulations in very rich places, at most you are displacing jobs, you aren't destroying jobs in aggregate in the economy almost never (unlike with nationwide MWs, which can have that outcome).