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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (859374)	5/22/2015 9:26:52 PM
From: combjelly	1 Recommendation Recommended By gronieel2 Read Replies (3) \| Respond to of 1575181

You have to remember that Tim is a libertarian. And a follower of Austrian School economics. He doesn't need, nor heed actual facts or results. He is much more comfortable with his theories, damn the real world. So no, he doesn't have any results or evidence. It is all navel gazing.

To: J_F_Shepard who wrote (859374)	5/23/2015 2:48:27 PM
From: i-node	1 Recommendation Recommended By Brumar89 Read Replies (1) \| Respond to of 1575181

>> Can you show any evidence or result where an increase in the minimum wage actually caused the effects you portend in a general way? How about this real life example, which CJ already knows about but declared it not to be evidence, but an anecdote. Which is his usual MO -- evidence he is wrong is anecdotal, while evidence he is right is proof. Liberal news magazine Slate was not paying its interns anything and came under criticism from various blogs. Like here: apoliticalcomedy.com Of course, Slate thought nothing of criticizing other organizations for the same practice, accusing them of hypocrisy: slate.com Because it represented the height of hypocrisy, Slate quickly came under pressure to, and did, begin paying its interns. But in the very same announcement there was a "However." However, instead of 12 interns we'll only being hiring 10. And there is your evidence.

To: J_F_Shepard who wrote (859374)	5/25/2015 8:47:00 PM
From: TimF	Read Replies (1) \| Respond to of 1575181

The evidence is both anecdotal (stories about business closing down or cutting back after a large increase in the minimum wage which have been posted all over SI including here), and the conclusion of the majority of studies on the issue. (A very strong majority for large increases in the minimum wage, nearly 100% when you drop off any studies that don't address large increases.). Also its just common sense. Many businesses have labor as a major portion of their costs. Quite a few of those that focus on low skill/low wage employees have margins that are too low to cover a large increase in employee wages.