The most popular conspiracy theory in the US today is that American wealth is the result of a steady cabalistic transfer of extant wealth from the poor and middle class to "like 10 people" at the "tippy top." It's provably false but will define the next several election cycleshttps://twitter.com/AOC/status/1127270688925134849 …
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Take a look at what AOC is pointing out: for-profit prisons, student loans, "tricking the country into war," abusing food stamp programs. Notice a theme? Prisons are a product for governments. Rich people do not declare wars or issue food stamps. Student loans are backed by whom?
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Replying to @webdevMason
No but large corps take advantage of SNAP by paying low wages and encouraging their employees to seek Gov assistance to bridge the gap. The wage issue needs to be solved first, not reduction in SNAP.
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Replying to @therealprato
I'm very much in favor of experimenting with minimum wage at the local level and using the results to inform broader moves — economic theory only gets you so far
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Replying to @webdevMason @therealprato
Seattle is an interesting case: overall income didn't increase significantly bc hours worked were cut; however, experienced workers did see a small increase in income. On the flip side, entering the labor market w/o experience seems to have become trickierhttp://www.econtalk.org/jacob-vigdor-on-the-seattle-minimum-wage/ …
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One plausible consequence of increasing wages — IF it lowers employment — is that "low wage, high employment, more SNAP" becomes "high wage, lower employment, more disability." Unemployment & SSDI aren't easy to disentangle, but the correlation should at least be concerning
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