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RationalDis's profile
Rational Disconnect
Rational Disconnect
Rational Disconnect
@RationalDis

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Rational Disconnect

@RationalDis

Sometimes I make YouTube videos Twitch http://twitch.tv/rationaldisconnect … Patreon http://patreon.com/Rational_Disconnect … PayPal http://paypal.me/RationalDisconnect …

Pennsylvania, USA
youtube.com/c/rationaldisc…
Joined December 2016

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    1. Rational Disconnect‏ @RationalDis Mar 22
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      Rational Disconnect Retweeted Lauren Chen

      Except every time wages have been raised through legislation the markets were able to bare paying that higher wage without large scale negative impacts. It's almost like businesses are paying less than the jobs are worth 🤔https://twitter.com/TheLaurenChen/status/1241771147299115011 …

      Rational Disconnect added,

      Lauren ChenVerified account @TheLaurenChen
      Furthermore, wages for these jobs are lower because the supply of potential workers who can do them is huge. Many people are capable of being grocery store workers, moreso than doctors for example. Wages don't actually reflect how much our society *values* roles, it's scarcity.
      Show this thread
      2 replies 9 retweets 66 likes
    2. Very Tired LSP Project‏ @lspiguesslol Mar 22
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      Replying to @RationalDis

      This isn't necessarily true. The best supporting case for this argument comes from a study by Card and Krueger studying Pennsylvania, but one explanation for why employment didn't decrease was that the legislation set the wage at what the market basically would have been anyway.

      1 reply 0 retweets 0 likes
    3. Very Tired LSP Project‏ @lspiguesslol Mar 22
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      Replying to @lspiguesslol @RationalDis

      Another argument was that this was unique to the restaurant industry, which was studied. One study described minimum wage impacts causing unemployment in trade jobs specifically by minimum wage increases, and the CBO likewise found that minimum wage increases cause unemployment.

      1 reply 0 retweets 0 likes
    4. Very Tired LSP Project‏ @lspiguesslol Mar 22
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      Replying to @lspiguesslol @RationalDis

      The evidence is pretty mixed. A national $15/hr probably doesn't make sense. In fact, one might wager the $15 number is plainly political since the costs of living in most states isn't anywhere near that number, unless we assume single parent with two kids.

      2 replies 0 retweets 1 like
      Rational Disconnect‏ @RationalDis Mar 22
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      Replying to @lspiguesslol

      Sure, I don't think that a nation minimum wage of $15 would work. Also that CBO report was on a federal minimum wage, which sounds right.

      1:50 PM - 22 Mar 2020
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      • Very Tired LSP Project
      0 replies 0 retweets 1 like

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