[A Jedi]

I'd like to live in a world where I didn't agree with you about it.

I'd like to live in that world too lol.

 

[ames9000]

burying simple functionality (Apple watch, hiding the microphone is a real dick move, not everyone will figure out it’s now embedded in the text input box

Huh?

 

[EELawson]

The second sentence in the second paragraph has me completely baffled. I'm not making an argument that everyone should have the same income. The point of a minimum wage, theoretically, is to provide a minimum amount people need to live on. If they don't have that (individually or as a family) then they either have hunger and homelessness or someone else has pay taxes to supplement them. If CEO compensation goes up 100%, should your compensation also go up 100%? Why do you want to peg your compensation to those who make less than you rather than those who make more than you?

If people have to work at jobs that can't support them then how are they going to be able to get the skills to make a better income? If you have to work 2-3 part-time jobs to survive, when do you have time for school and family? We don't have a market economy, at least in the classical sense. Sub-subsistence wages are welfare to businesses.

Where does the notion "The point of a minimum wage, theoretically, is to provide a minimum amount people need to live on." come from? You act like that is a given truth but it is not. Lots of teenagers work minimum wage jobs and are happy to have them. They live with their parents and aren't supporting anyone.

I think the original purpose of the minimum wage rule was to prevent abuses like what was occurring in the 19th century with children and others working for a few pennies a day.

 

[caecillius]

Pack some in dry ice and ship it to me NDA so I can see what the attraction is, we only have limestone here and maybe a tree. You big city guys have things we never get to try.

West on 7 towards Leesburg is a place called Black Hog that does NC style that my wife likes even more than the places we've been to in NC and we've eaten a lot of NC BBQ.

 

[crazychile]

Where does the notion "The point of a minimum wage, theoretically, is to provide a minimum amount people need to live on." come from? You act like that is a given truth but it is not. Lots of teenagers work minimum wage jobs and are happy to have them. They live with their parents and aren't supporting anyone.

I think the original purpose of the minimum wage rule was to prevent abuses like what was occurring in the 19th century with children and others working for a few pennies a day.

And the abuses of 100+ years ago have been eliminated through other labor laws and market conditions. I'm of the opinion that Milton Friedman and Dr Thomas Sowell are correct. Get rid of minimum wage. It prices low/no skill jobs out of the market that could be filled with mentally or physically handicapped people - or first time job seeking students that want to work and can't always get hired for a traditional wage job.

Of course the counter argument is that no minimum wage would drop low skill jobs to ridiculously low wages. This is false because there is a floor amount that people are willing to work for. We've even seen that recently with minimum wage jobs that cant be filled so employers have to raise wages to meet the market in order to get workers that will do the job. Every job has a price. When the wage offered is not acceptable to adequately fill positions, employers have to raise the wage to a point where they get acceptable candidates that will work, or do without.

 

[Paladin79]

West on 7 towards Leesburg is a place called Black Hog that does NC style that my wife likes even more than the places we've been to in NC and we've eaten a lot of NC BBQ.

Very cool since I will be staying in Vienna, maybe a half hour away from Ashburn. There are several Black Hog restaurants in Maryland as well. I have been to plenty of restaurants In DC so it is nice to stay on the Virginia side of the Potomac. An exception would be this place:

https://www.ebbitt.com/about/

 

[A Jedi]

Of course the counter argument is that no minimum wage would drop low skill jobs to ridiculously low wages. This is false because there is a floor amount that people are willing to work for. We've even seen that recently with minimum wage jobs that cant be filled so employers have to raise wages to meet the market in order to get workers that will do the job. Every job has a price. When the wage offered is not acceptable to adequately fill positions, employers have to raise the wage to a point where they get acceptable candidates that will work, or do without.

That doesn't appear to be the case in farming for example. Hence the regular influx of illegal immigrants. If nobody was offering them pay, why would they be here? And if the pay was good enough for legal citizens why aren't they filling those jobs? And why are employers (because the vast majority of those hiring illegal immigrants are local citizen business owners) not raising the pay (to what local citizens are willing to work for) as the market is supposed to naturally do?

Illegal immigration is a locally caused problem. But of course nobody will say that because it requires culpability, responsibility, etc.

 

[JanMc]

Let's be honest, business wants/needs immigration to happen to fill those jobs that don't pay enough to attract citizens. If they didn't then we would have closed our borders long ago. Since business owns the government this will never happen.

 

[wout31]

What was that rule again? No p.....
Sorry, what? NO p.....
I can't hear you, no what?
No politics.
Ah, so that's what is not going on the last three pages. No politics.

In the US, corporate socialism rules the day - not capitalism.

I thought the whole world was ruled by madness the last couple of years.

 

[A Jedi]

Ok thanks "cop".

 

[ghfiii]

Another, compatible take: it addresses monopsnony distortions in the lob market. The empirical proof that such distortions exist and can be addressed with a minimum wage was one of the discoveries recognized in the 2021 Econ Nobel.

thanks for the link...

I love this thread

 

[JohnnyCanuck]

I thought the whole world was ruled by madness the last couple of years.

True dat.


JC

 

[ImagesbyMurray]

@Jason Stoddard Your posts are often uncannily prescient - especially your latest comment on toasters:
https://arstechnica.com/gadgets/202...ndroid-phone-from-a-japanese-toaster-company/

 

[Paladin79]

I just received a matched pair of 1956 Melz 1578's out of Russia, all the right indicators for this kind of tube. They test NOS, I will try them out in a Freya + after I enjoy some serious listening in one of my amps. Bass is especially good on this version and I get a feeling these early versions are what inspired searching for any version, all the way into the eighties and caused the prices they fetch. A total win since I got these for about half the price of lesser versions.

Listening to Art Pepper meets the Rhythm Section, and it is incredible.

I was trying to think of five songs I would use to demo my system to some twenty-somethings and no doubt I would choose You'd Be So Nice To Come Home To from this album. I may send a similar sounding 6sn7 along with my loaner amps just so folks will know what a great tube can do.

 

[W3WEB]

@Jason Stoddard Your posts are often uncannily prescient - especially your latest comment on toasters:
https://arstechnica.com/gadgets/202...ndroid-phone-from-a-japanese-toaster-company/

So on that topic - I'm a mid-century modern fan, and the latest Atomic Ranch magazine had an ad for Tims Toasters. https://www.timstoasters.com/ --- Very relevant if you have an old one - it can be lovingly restored by Tim. I want to find one of those Sunbeams and do it!