Reply To: $15 an Hour Minimum Wage

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Avi K
“The fact that unemployment did not go down when the minimum wage goes up means nothing. ”

Of course it means nothing. Youre mind is made up and no amount of data that points the opposite direction will change it.

I still remember your bizarre assertion that the Torah supports pure free market capitalism, ignoring the fact that the torah opposes many many pure free market ideas (eg charging interest, permanently selling property (in most cases), price gouging – ona’ah, long term loans (all loans become dissolved at shemita according to the Torah), unregulated competition – hasagas gvul, undercutting someone else – ani hamehapech bechararah etc)

now while not directly related to his topic, I bring it up because in spite of all these indisputable facts, you still cling to your bonkers notion.

As to the actual topic at hand, I am not arguing You mention “See also (online) No, Krueger Didn’t ‘Prov[e] that Raising the Minimum Wage Doesn’t Increase Unemployment’ by Thomas Firey/”
Yes, as I said I saw that, as I said: “Of course don’t be so confident in your find since as I mentioned there are economists and data that disagree.”

and of course unlike you I read the article you cite here are some choice quotes: “So, are Card and Krueger’s conclusions certainly wrong? No,” … “However, even if minimum wage increases contribute to disemployment, that doesn’t decide whether a minimum wage increase is good policy. That decision is a matter of values, not economics. Reasonable and honorable arguments can be made both for a low minimum wage (or none at all) that promotes a large number of low-paying jobs to complement the many higher-paying jobs in the economy, and for a higher minimum wage that forces a shift to higher-paying, albeit fewer, jobs.”

Or as I put it ” My position was that it is not so simple, leading economists are divided on the issue.” .
Many economists disagree with him, and even the expert you cite who does oppose minumum wage concedes that there is room for disagreement (though not from an economics view per se in this case)