Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: i-node who wrote (890653)	9/30/2015 1:37:58 AM
From: Sdgla	1 Recommendation Recommended By i-node Respond to of 1575046

Jelly provides endless lol. He suffers from confirmation bias in all things.

To: i-node who wrote (890653)	9/30/2015 7:55:14 AM
From: combjelly	Read Replies (1) \| Respond to of 1575046

It is not as simple as you are painting it. One factor you are ignoring is that the bulk of the customers for fast food, for example, are going to be making more money themselves. And they will still be in the group that saves very little, so any increase in income will get spent, sooner or later. This is why well controlled studies show little or no effect on employment with rises in minimum wage. I grant you that before the 1980s, the idea that raising minimum wage had an impact on employment was gospel for economists. But that has since changed with newer, better designed studies.