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by lend000
3279 days ago
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> Which previous studies of the minimum wage have consistently done (well, more accurately shown that the deadweight loss is more than offset by increased wages). No, studies have been mixed and controversial, at best. This is just another study that shows how empirically ambiguous it is (by supporting the anti-minimum wage position), so again, I challenge the left to hold their evidence to a higher standard since it goes against common sense economics. Regardless, the minimum wage and most other forms of welfare put forward by mostly the Democratic Party are economically foolish and distort incentives (TANF, unemployment benefits, minimum wage, mandatory social security, etc.) A very basic income is much cleaner and simpler -- I have yet to hear an argument for why our current welfare complex is superior. |
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