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Minimum Wage Clock

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Re: Minimum Wage Clock

#141

Post by jdietrich »

NegativeLatency wrote: post #88
MattRix wrote: post #79

Earlier quoted context omitted.

This kind of approach never works except for in the most egregious of situations. Just imagine what the state of car safety would be like if it was purely left up to the market. Regulations work.

This is a great example especially considering how injuries inside cars have continued to drop (which is regulated) but injuries outside of cars have increased (we don't regulate visibility or hood/bumper height for example)

Unlike the NHTSA tests, the Euro NCAP tests include tests of pedestrian, cyclist and motorcyclist protection - both passive protection to mitigate injury in the event of a collision, and active protection to prevent a collision in the first place. Performance in these tests count towards the overall 5 star rating. My understanding is that NHTSA is working on preliminary research into the issue, but they're a clear 15-20 years behind Euro NCAP.

https://www.euroncap.com/en/car-safety/the-ratings-explained...

Re: Minimum Wage Clock

#142

Post by Romanulus »

mlsu wrote: post #66

The most remarkable thing to me about this to me isn't necessarily the disparity between CEO and min wage (I already knew it was crazy). Instead, it's the differences between CEO compensation. Sundar is making $300 to Satya's $65? what? I know it's an estimate and the numbers are made up at that level but still!

[dead]

Re: Minimum Wage Clock

#143

Post by jacobolus »

NegativeLatency wrote: post #88
MattRix wrote: post #79

Earlier quoted context omitted.

This kind of approach never works except for in the most egregious of situations. Just imagine what the state of car safety would be like if it was purely left up to the market. Regulations work.

This is a great example especially considering how injuries inside cars have continued to drop (which is regulated) but injuries outside of cars have increased (we don't regulate visibility or hood/bumper height for example)

A lack of visibility regulation is the biggest problem in current vehicle design in my opinion. A 5' (152 cm) tall driver should be able to clearly see a small child standing a few feet away in front of or to either side of any vehicle allowed on public streets. Any vehicle modification compromising that should be strictly prohibited.

Steep financial liability for pedestrian/cyclist accidents for not only the driver but also the vehicle manufacturer or anyone involved in modifying a vehicle would also help.

Re: Minimum Wage Clock

#144

Post by plasmatix »

bena wrote: post #127
ta1243 wrote: post #98

Earlier quoted context omitted.

https://knowyourmeme.com/editorials/guides/what-is-the-we-sh...

I low key hate that comic. It makes a false equivalency. Recognizing a car could be safer isn't contradicted by owning one. If anything, ownership should give you more insight into the material problems of the item in question. Likewise, society is just everything. So suggesting improvements isn't contradictory. However, there is some hypocrisy in lambasting the maker of the very luxury goods you purchase for exploit…

I think you’re misunderstanding the comic. I’ve always taken it to be exactly what you’re saying, thus the “I am very intelligent”. Because he’s not.

Re: Minimum Wage Clock

#145

Post by gruez »

Shekelphile wrote: post #84
CrazyStat wrote: post #17

Earlier quoted context omitted.

Inflation over the last 4 years has been about 20%, not 50-100% as your comment would imply. Source: https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=201911...

Maybe for people who already owned assets and had a stable living situation before 2020. If you're renting and had to buy anything expensive like a car in the last few years then your costs have more than doubled.

>If you're renting and had to buy anything expensive like a car in the last few years then your costs have more than doubled.

Source?

Re: Minimum Wage Clock

#146

Post by nickff »

MattRix wrote: post #79
maerF0x0 wrote: post #13

If we find this appalling, let's stop consuming the products of those who we feel are "overpaid" and visit the website, businessplace, or other endeavors of those we feel are "underpaid". Tim Cook gets paid a lot (and so do many AAPL employees), but I can't help but admit that my last 3 laptops I bought with my own cash were MBP, and not a system76 or framework. And I'm more likely to visit costco than a farmer's mar…

This kind of approach never works except for in the most egregious of situations. Just imagine what the state of car safety would be like if it was purely left up to the market. Regulations work.

Car safety is an interesting one, because most of the 'safety innovations' we employ today were invented as 'factory options', not as a result of regulations (which were later used to make the features mandatory). Most economists evaluate safety features as 'luxury goods', usually employed in high-cost vehicles before migrating downmarket.

The question how valuable consumers perceive safety features to be, and what their rate of adoption would be; additionally, which ones would they choose? Two interesting examples are seat-belts and air-bags; the former is in the thousands or tens of thousands of dollars per life saved, and the latter is generally estimated to be in the millions of dollars per life saved. Was mandating the air-bag the optimal way to use that money, or did the government commit statistical murder (a term often used in the field).

Re: Minimum Wage Clock

#147

Post by dylan604 »

wizardwes wrote: post #108
dylan604 wrote: post #69

Earlier quoted context omitted.

I would argue a 25 year old is still a kid too. I know every 20 something would vehemently disagree which is kind of proof in and of itself. I don't mean it in a disrespectful manner.

"All X are Y, and their denial proves it" seems a very poor argument to me. By its very nature you can't really disprove it.

A kid arguing they are not a kid is a very kid like thing to do is my point. Kids always want to convince people they are not a kid. I'm not 3, I'm 3 1/2. I'm not a kid, I'm 22. Jokingly, when you start trying to convince people you are younger is when you're probably old enough to be considered an adult.

Re: Minimum Wage Clock

#148

Post by renewiltord »

umpalumpaaa wrote: post #22
robertlagrant wrote: post #9

Earlier quoted context omitted.

> The cap implies that the amount of value provided to the employer is lower if you're younger. It's not a cap, it's a minimum. This is so people can employ kids who have very little economic value and train them to have lots of it.

Isnt this still age discrimination?

Yes, but age discrimination is something we consider acceptable in most countries. There are specific kinds of age discrimination we consider unacceptable but by and large it’s legal.

In the US, for instance, Medicare only serves sufficiently old people.

Re: Minimum Wage Clock

#149

Post by ImPostingOnHN »

gruez wrote: post #128
MattRix wrote: post #79

Earlier quoted context omitted.

This kind of approach never works except for in the most egregious of situations. Just imagine what the state of car safety would be like if it was purely left up to the market. Regulations work.

>Just imagine what the state of car safety would be like if it was purely left up to the market. Regulations work. I think even diehard libertarians would admit that "regulations work" in the sense that using the government's monopoly on violence to force companies to do something will cause them to do said thing. The debate is whether the upsides outweigh the downsides (eg. due to regulatory capture). For a point of…

> think even diehard libertarians would admit that "regulations work" in the sense that using the government's monopoly on violence to force companies to do something will cause them to do said thing. The debate is whether enacting them is better than the alternative (eg. due to regulatory capture).

That isn't really the debate, because we had that debate and decided it was (see seatbelts for an example). Though I guess literally every issue could technically be relitigated and debated constantly ad infinitum, so you're not technically wrong. But we didn't listen to people who said "if you want seatbelts required, just stop buying cars that don't have them".

What we see now, for the most part, are individuals who disagree with our consensus, but that's to be expected no matter what we had ultimately decided. So in this case, "it worked" is shorthand for "it successfully got us closer to achieving the goals we decided on"

Re: Minimum Wage Clock

#150

Post by mega_dingus »

bena wrote: post #127
ta1243 wrote: post #98

Earlier quoted context omitted.

https://knowyourmeme.com/editorials/guides/what-is-the-we-sh...

I low key hate that comic. It makes a false equivalency. Recognizing a car could be safer isn't contradicted by owning one. If anything, ownership should give you more insight into the material problems of the item in question. Likewise, society is just everything. So suggesting improvements isn't contradictory. However, there is some hypocrisy in lambasting the maker of the very luxury goods you purchase for exploit…

You keep referring to that comic. I do not think it means what you think it means.
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