truth
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FYI this is rampant in almost all economics. Real life data never confers to models. but models remain. why? private funding goes to models.
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had a great econ professor who basically taught model then showed how data didnt match over and over again. couldnt raise a dime.
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I find housing theory has the same disconnect. Seems that a belief that supply/demand is a "LAW" like gravity is at fault.
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We take our constructs and conventions for granted so much that they become nearly invisible
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Yeah, for now. MCD's is introducing automated kiosks. Can we get past this
#MinWage stupidity and have#UBI instead? http://www.huffingtonpost.com/scott-santens/minimum-wages-vs-universal-basic-income_b_7957850.html … -
The min wage law didn't affect McD that much, since there aren't many in Seattle itself. And WA State's min wage is already $11 an hour.
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I wrote this years ago but the math is still pretty close - The Poverty Wars https://medium.com/@RckyMntLuv/the-poverty-wars-e3efae72ce30 …
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I wrote this years ago but the math is still pretty close - The Poverty Wars https://medium.com/@RckyMntLuv/the-poverty-wars-e3efae72ce30 …
#minimumwage#resist#trumpcare
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Rarely takes into account the economic boost a higher minimum wage gives
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