291–300 of 582 posts
Wayne really should have had someone who isn't siloed in an upper class bubble proofread this, because 'maintain their current level of living' really sounds like "in order to not die", which is worse than what he meant - even though what he meant is still super gross.
Earlier quoted context omitted.
UBI could allow the elimination of minimum wage entirely, along with a ton of other scattered welfare programs that have lots of administrative overhead and the typical middleman industries that leech off of government programs. It’s a no-brainer!
Minimum wage has other effects. It eliminates extremely unproductive jobs, which I'm sorry if you don't like the freedom reduction, but it's a form of industrial policy that's useful when you're competing with other economies. Also protects workers from accidentally ending up in such a job, which is bad for them even if UBI would let them quit it easier. And of course, economists don't find it has the negative effect…
what are these "extremely unproductive jobs" you speak of? Is the job of a burger flipper really so bad that we should eliminate it from the economy? Is it so bad, that if someone's skills only allows him to do that job, that it's better for him to stay at home and twiddle his thumbs than to show up to work?
Earlier quoted context omitted.
An hour? Why is it acceptable or reasonable to spend 2 hours of your unpaid time wasted on commuting?
Because the only way to guarantee that people have less than an hour of commute to their job is to create extremely dense population center which means extremely small living spaces which are almost universally hated. And most jobs cannot be done remotely, so to guarantee that each individual has space, he must accept to be some distance ways from the hub where people concentrate to perform their daily tasks. Think o…
Travel-to-work areas are circular-ish, and the available space for housing increases with the square of the distance. Accommodating a large hospital's workforce won't make a sizable dent in that. Compulsory tiny rabbit hutches in the sky it is not.
I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh
Or, you know, have a Cost of Living/Inflation adjustment every year. That's such a simple idea to me and it's sort of insane to me that not only is that not something that happens, but no one seems to be even suggesting it (or at least, no politicians are campaigning on it). Hell, adjusting the 70's minimum wage to today's dollars puts it at like $24, so just hearing that, I don't know how it shouldn't be around ther…
Earlier quoted context omitted.
>Then the rents of those 1BR apartments would rise to capture that new minimum wage. This is commonly expressed as a consequence of raising the minimum wage, but in the most nuanced discussions of inflation that I've been exposed to, people are mindful of the fact that inflation ripples out into different segments of the economy in different ways. I think the most plausible outcome is that certain segments of the eco…
That's a real phenomena, of inflation rippling outwards and occasionally hitting buffers that cannot pass the price increase on and hence take the hit of inflation disproportionately. Unfortunately it rarely works the way any progressive would want it to. The "buffers" are firms in competitive markets - basically anyone who can't raise prices because there are dozens of other competitors doing the same thing and one…
You never hear about lowering bonuses or executive paychecks. Why is that not revolting people anymore?
Earlier quoted context omitted.
Economic analysis has shown the low skill labor market has monopsony power. https://journals.sagepub.com/doi/abs/10.1177/103530462110424... This means the workers at applebees don't have much leverage to demand higher wages. Their options are accept a shitty job or don't work. This manager believes higher gas prices will force them to shift towards the "accept a shitty job" part of the spectrum.
Based on the abstract you are overstating the conclusions of that paper to a ridiculous degree.
Earlier quoted context omitted.
Mass confusion. Every location has to have a custom minimum wage based on the local real estate market? How are you going to enforce that? How about people figure out how much money they need to afford the lifestyle they want and then get a job that pays that much?
> How about people figure out how much money they need to afford the lifestyle they want and then get a job that pays that much? What if your lifestyle consists of: 1. pay off student loans in 10 years 2. be able to take transit to work (can't afford a car) 3. save at least 5% of take home pay to get a used car 4. eat ramen and salad 5. maybe see a movie once a month, or go to a bar twice a month 6. internet & cell p…
Then the solution is to make yourself capable of getting other jobs.
Earlier quoted context omitted.
Zoning. You link the "zones which employ people" and "zones which house people" to balance so you don't have significantly more jobs than homes. Next you zone for type of housing, where you only allow a certain percentage of the most profitable 1BR apartments to be built, and require those to be above certain size thresholds so that a variety of life situations can actually live in your city. You don't need to "incen…
That sounds all well and good but I live in a desirable central coast city and thanks to SB9 I can now build 4 extra res units on my property. You are mistaken if you think anyone is going to spend that effort and charge anything less than current market ... maybe more, new houses are expensive. What we need is subsidized housing close to mass transit, single payer medicine, progressive tax reform and subsidized chil…
We need fewer people in the market and that means less availability of large loans and taxes on commercial real estate loans. You can't have so many people competing to buy real estate to rent to you and pushing out people who want to buy.
And people need to be comfortable when a region doesn't want to grow, force them to curtail their commercial zoning, and people just need to leave and go somewhere else. There's plenty of space elsewhere.
Earlier quoted context omitted.
A universal basic income would have some advantages over a minimum wage. Minimum wage interferes with supply and demand in the labor market, which is why some economists dislike it. UBI moves the supply curve to a different place, but it allows those principles to function.
UBI could allow the elimination of minimum wage entirely, along with a ton of other scattered welfare programs that have lots of administrative overhead and the typical middleman industries that leech off of government programs. It’s a no-brainer!
...aside from how it's funded.
>along with a ton of other scattered welfare programs that have lots of administrative overhead and the typical middleman industries that leech off of government programs.
That sounds great in theory, if everyone is the type of person that can take care of himself for $15k (or whatever) a year. But what about people with special needs? eg. people with mental health problems or medical conditions requiring expensive therapy? Unless you think we should let those people fend for themselves, you'll still need welfare programs to help those people, which mean all the "administrative overhead and the typical middleman industries that leech off of government programs" that you're so against.