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Tim Worstall 5 Apr 17
Sadly, that doesn't tell us anything interesting about the effect of the minimum wage
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Brandon 5 Apr 17
Nothing to do with AMZN growth or MSFT or SBUX or COST or JWN or BA or DATA or Alaska Airlines etc...
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Invictus 5 Apr 17
Please, Tim. Stop. The dire forecasts have not come to pass. Own it.
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Tim Worstall 5 Apr 17
But I never made a dire forecast, Check it. I said less low end employment than in the absence of the minimum wage.
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Invictus 5 Apr 17
"We would...expect to see REASONABLY LARGE UNEMPLOYMENT EFFECTS." - YOU June 3, 2014 Own it, Tim.
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Tim Worstall 5 Apr 17
Nonsense. International definition of poverty is $1,90 a day. At American prices. $15 an hour is top 1.1% of global incomes. Ain't poverty
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Invictus 5 Apr 17
It's beneath you to muddy the waters by making this a discussion about international labor dynamics. You're better than that. Aren't you?
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Tim Worstall 5 Apr 17
It's not beneath me to point out that you're like Barbie, finding that math is hard.
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Invictus 5 Apr 17
Shame on the naysayers for not recognizing the effect of those companies. Sorry, that's a big, fat fail.
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Brandon 5 Apr 17
So which way are u arguing causation? Is it possible Sea is unique and other cities might have diff effects? A counterfactual argument ?
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Invictus 5 Apr 17
Yes. That is possible. I have never argued one size fits all. But it can be crafted and effective w/minimal downside.
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Tim Worstall 8 Apr 17
What, taking money off one group of people doesn't reduce their ability to spend that money? Rilly?
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Invictus 8 Apr 17
For the record, our Gini Coefficient is the worst of almost all first world country. Just so we're clear on that.
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Tim Worstall 8 Apr 17
Agreed, of course, that US is more unequal than almost all other rich countries. But it's not as bad as CIA makes out.
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Invictus 8 Apr 17
Accepting your assertion that CIA is wrong, point remains, as you acknowledge, that we're more unequal. Which is what I was getting at.
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Tim Worstall 8 Apr 17
I regard that as an absolute bargain, one that's not just morally justifiable but one that's morally righteous
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Invictus 8 Apr 17
We'll have to agree to disagree re inequality and how much to worry about it.
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