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Originally Posted by RFlushDiamonds
The demand for labor didn't drop, the cost went up.
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Economists call this the Law of Demand. If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the price decreases, quantity demanded increases.
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The bottom line is, the economy in Seattle is growing and the MW didn't stop that growth or cause companies that want to profit from that growth to leave.
More likely, it did harm some, and helped others. One of the reasons this issue has no real consensus (among those who engage in political discourse about it) is people like you say stuff like this, but the results you are so proud of are significantly more complicated, and not as clear cut as your portray here.
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Higher labor costs reduce employment and/or the hours worked by individual employees. Laws that raise labor costs can either increase total employment or increase hours per worker, but they cannot do both. ... This loss must be traded off against the benefits that higher costs might provide to specific groups of workers.
https://wol.iza.org/uploads/articles...-for-labor.pdf
You all present this **** like it's (i.e. minimum wage, etc) a silver bullet and argue against very real drawbacks that exist with your magic pills for society. It's not that you don't contend with them, you deny the very existence of drawbacks, then gas light people for bringing them up (i.e. call them crazy).
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Originally Posted by RFlushDiamonds
It's left you guys pretending to care about the inexperienced HS kids.
Which is always cute, like when you 'care' about the blacks and the poors.
Ah, the ad hominem, attack on motivations that you portend to know better than the person you are discussing things with. That is, and always will be weak. I'm an hourly worker, are you?
Last edited by itshotinvegas; 03-11-2021 at 06:53 PM.