Elsewhere

The paper isn’t by Vigdor’s colleagues. It’s actually by Vigdor. And isn’t that just so much better? At which point let’s lay out the logical structure Meyerson has used here.

Minimum wage rises don’t cause job losses. Jacob Vigdor is just a blue meanie spouting the usual propaganda when he says that Seattle’s minimum wage rise has had job loss effects. As proof of this, to refute his baseless assertion, we should read this paper, by Jacob Vigdor, on the job loss effects of Seattle’s minimum wage, which found that there are some. Anyone who disputes this finding is merely a right wing academic propagandising rather than relying upon empirical evidence. This violates the norms of most economic reporting.

Signed, H. Myerson.

Isn’t that just so cute?

17 comments on “Elsewhere

  1. Wages are many things, but if your skills are low they are mainly the price of a commodity. Do these fuckers ever identify any other commodity for which demand rises when price rises?

  2. Sorry, I’ve only had two cups of tea so far. Have I read this right? “To prove that there are no job losses read this paper that shows there are job losses”.

  3. “Do these fuckers ever identify any other commodity for which demand rises when price rises?”

    Luxery yachts. Faberche(sp?) eggs. Wimbledon tickets. But that’s me on here identifying them, not the people refered to, and we on here tend to have a bit more background knowledge of economics.

  4. Tim, by engaging in the argument, you have lost.

    The issue is not whether jobs are gained or lost. That is one level of indirection. The issue is government power over the economy. Even if min wage is killed because of job loss, all are left with the acceptance of fascism, government directing business. The argument should be against government intrusion, not the specifics of this specific intrusion, though this can be an example of what happens when government minds someone else’s business.

  5. “Luxury yachts. Faberge eggs. Wimbledon tickets.”

    None of those are commodities. Think rather of barrels of oil, tons of coal, cubic feet of natural gas, bushels of wheat, or MWh of electricity.

  6. Gamecock, ‘The argument should be against government intrusion, not the specifics of this specific intrusion, though this can be an example of what happens when government minds someone else’s business.’

    The only thing deterring me paying someone to come round and pummel you to death is Government interference so some Government interference can be a good thing.

    Minimum wages deter some new job creation but have a lessor effect on existing employment, the reality is is that the employment market has a total value.

    If bottom feeders cost more then top flyers get paid less.
    If topflyers don’t produce then less topflyers are employed and so more money per employee is released towards the bottom feeders.

    It’s a market, get out of the way if you want to grow old.

  7. Wiki suggests “Veblen goods are types of material commodities for which the demand is proportional to its high price…” so they are (can be) commodities. It gives an example of a Rolls-Royce car. Cars are very much commodities.

  8. “The only thing deterring me paying someone to come round and pummel you to death is Government interference so some Government interference can be a good thing.”

    What are you? The son of spud?

  9. …gives an example of a Rolls-Royce car. Cars are very much commodities.

    No – commodities are fungible; Rolls Royce or similar products are too dissimilar from (say) Hondas or Puegeots to be considered fungible.

  10. @BobRocket

    Wrong! The bottom feeders (as you call them) are out of a job and replaced by capital equipment (automation). Eventually the topflyers get more as the automation improves productivity.

  11. Here’s what gets me: the sort of people who support minimum wages are also the sort of people who support minimum alcohol pricing, and they support that because it will reduce alcohol consumption. But, for some reason, that won’t happen with labour when you increase the cost of it.

  12. “The only thing deterring me paying someone to come round and pummel you to death is Government interference so some Government interference can be a good thing.”

    My friends Smith & Wesson will help me.

    “Dying is no way to make a living.” – Josey Wales

    False dichotomy. The alternative to government interfering with business is not anarchy.

  13. That study found that the restaurant peeps post wage rise worked on average 15 mins less per week… is this the laffer curve in the wild?


  14. “The only thing deterring me paying someone to come round and pummel you to death is Government interference so some Government interference can be a good thing.”

    The only thing stopping me doing it is that I’m not a fucking psychopath.

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