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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: ggersh who wrote (113241)9/7/2015 2:16:15 PM
From: bart13  Read Replies (1) of 218474
 
While supply and demand can easily be demonstrated to exist (buggy whips are one simple classic example), they're far from the b-all and end-all that formal economists believe that they are. But if you believe that raising the minimum wage will not result in higher unemployment amongst most of the respective workers, then we disagree. See recent stats on Seattle restaurant workers or LA hotel workers. And then we have my recession chart vs. minimum wage in the area of unintended consequences.

Stagnant wages have occurred in almost all segments, it's far from exclusive to minimum wage workers.

I never said that it should be America's policy to police the world, nor to pull foreigners out of poverty... but it was what happened in many countries since 2000 or so, concurrent with loss of US manufacturing and other jobs. "Karma" does exists.

If you can find reliable and non-politicized stats on US or even world poverty then I'll chart them. I've looked and failed, what with frequent definition changes, no adjustments for them and wildly varying targets. But is it your sense that there's more or less poverty in Asia for example since 2000? That's my point, plus that there are more factors involved besides 1%ers. They're certainly not exactly helping (d'oh), but they're not in control of everything.
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