Professor stupidmonkey wrote:
someproteinguy wrote:
Professor stupidmonkey wrote:
Link Not sure if this is the best place to put this, but it is a study of the effects of raising minimum wage on employment / unemployment since the first one in 1938. Over at Business Insider.
I like how it starts off talking about how there's no correlation...
No correlation to job cuts.
the article ACTUALLY wrote:
78 years of minimum-wage hikes have produced zero evidence of the "job-killing" consequences these headline writers want us to fear
Edited, Jun 5th 2017 12:58pm by stupidmonkey Right, but they didn't really do a good job of supporting the arguments they were using for upping the minimum wage either, which is where the
comes in. It's a false dichotomy. Basically evidence (and decent evidence, don't mean to discount it) that the opposing side's argument is wrong, followed by poorly supported arguments about why their side is right.
Just a couple examples of poor arguments:
Quote:
Wow. If the US economy were 9% bigger than it is today, it would have created about 11 million additional jobs. Imagine how great that would be for both American workers and businesses.
That argument is not supported in the article.
Quote:
No, their core claim is that the minimum wage always hurts the whole economy — that it will always reduce growth— that it is always a sure-fire "job-killer."
Obvious strawman.
Not to say those are necessarily wrong, just that when they transition from addressing 'no correlation to job-killing' to 'let's raise the minimum wage' the evidence grows sparse.
Edited, Jun 5th 2017 1:18pm by someproteinguy