Business Realities or What I Have Learned From the Internet.

[ksen]

Occam's Razor can be stated as when faced with multiple possible solutions go with the one with the fewest assumptions. This would rule out mainstream neoclassical free market economics completely. They actually have a tenet that says that the more assumptions that are made the closer the result is to an universal truth. I am not kidding. This was dreamed up by Milton Friedman. Of course, he was so wrong so often that he had to come up with all manner of excuses.

Case 1, proven: Higher minimum wage causes unemployment.

No, it hasn't. And whenever you've been asked to show your continuously asserted proof you back off claiming that it's hidden in the noise. But inevitably you come roaring back with the same thing in a different thread.

 

[Loren Pechtel]

So you are still with the breakdown of morals thing.

Propaganda to persuade you you're not being robbed because you don't deserve any better. No sale.

Not a breakdown, just a change in morals and the tradeoffs that we have gotten for them. People yearn for the time of higher unionization and the glory years of the past, but forget it was a time where a woman's place was one of the three or four jobs only.

And that those glory years were built on the backs of blacks & foreigners.

 

[Trausti]

Case 1, proven: Higher minimum wage causes unemployment.

No, it hasn't. And whenever you've been asked to show your continuously asserted proof you back off claiming that it's hidden in the noise. But inevitably you come roaring back with the same thing in a different thread.

A higher minimum wage may not be the cause of unemployment, but it is a cause: http://www.cbo.gov/sites/default/files/cbofiles/attachments/44995-MinimumWage.pdf

It seems the higher the increase in the minimum wage, the greater the job loss. Need to find a happy medium.

 

[Loren Pechtel]

Case 1, proven: Higher minimum wage causes unemployment.

No, it hasn't. And whenever you've been asked to show your continuously asserted proof you back off claiming that it's hidden in the noise. But inevitably you come roaring back with the same thing in a different thread.

It's been proven in this thread. What's the unemployment rate when the minimum wage is $1000/hr? Obviously, it's sky high.

What you are attempting to claim is that there is a second order effect that lowers the unemployment rate over a certain range of wage increases. This is what's completely unproven.