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by eropple 1375 days ago
And when they starve or go homeless in the process of “learning the business”?

Spherical cows don’t work in physics, let alone economics. Minimum wages are suboptimal but starving is worse.

3 comments

Wouldn't you starve or go homeless even faster if you had no income but were paying for an education?

vs getting paid (a little) to get education.

No, because, when you're paying for an education you can also get loans (at usurious rates) to cover cost of living expenses too!

You won't pay now for that 10k/year required meal plan for cafeteria food and 20k/year for hostel-level accommodation but you're sure going to pay for it later.

>"Spherical cows"

Thanks for the laugh. Makes for warm and fuzzy memories. My science days are some 30 years behind.

> And when they starve or go homeless in the process of “learning the business”?

These are effects of the fact that costs of living are dramatically out of control, you can't just infinitely raise the minimum wage to compensate as this is only making the problem worse.