Just reading the replies, and the idea that minimum wage laws are bad because they increase unemployment and layoffs is such an obnoxiously ass take.
I refuse to believe that someone can have a take that insane without knowing exactly what they’re doing. I can’t fathom it. What, pray tell, is the usefulness of the unemployment metric if the quality of life for those employed is deplorable? What information does the unemployment metric convey? Their assertion that unemployment and layoffs will go down is implicitly admitting that wages will drop significantly without the limits. There’s a 0℅ chance this person doesn’t understand that, and yet they sit there pretending like low unemployement is some holy grail, inherently good number to keep low.
Just reading the replies, and the idea that minimum wage laws are bad because they increase unemployment and layoffs is such an obnoxiously ass take.
I refuse to believe that someone can have a take that insane without knowing exactly what they’re doing. I can’t fathom it. What, pray tell, is the usefulness of the unemployment metric if the quality of life for those employed is deplorable? What information does the unemployment metric convey? Their assertion that unemployment and layoffs will go down is implicitly admitting that wages will drop significantly without the limits. There’s a 0℅ chance this person doesn’t understand that, and yet they sit there pretending like low unemployement is some holy grail, inherently good number to keep low.