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by richdougherty 3516 days ago
> The economics of minimum wage among 'respectable' economists is debated in a similar way that the global warming "controversy" is debated by big oil.

I know climate scientists are pretty much agreed on global warming. I thought economists disagreed about minimum wage still. That Wikipedia page seems to suggest that more and more economists are supporting a minimum wage over time, but there is still not a consensus. Does that sound right to you?

> Right, if you particularly wanted to avoid cutting into the profits of companies like Walmart, there are other ways you could top up incomes.

I was just trying to make a technical point about the existence of alternatives to the minimum wage. Many of the people who advocate these alternatives have good intentions about helping people in need.

1 comments

>I know climate scientists are pretty much agreed on global warming. I thought economists disagreed about minimum wage still. That Wikipedia page seems to suggest that more and more economists are supporting a minimum wage over time, but there is still not a consensus. Does that sound right to you?

Let's just say that I'm very impressed with the incorruptibility and dedication to the scientific method that ~95% of climate scientists hold. Especially since it's not like the oil companies haven't tried to tempt them to stray.

Not every profession is as upstanding as theirs when money and power enters the mix.