I’m part of the millennial generation and have a friend that completely believes in socialism. I can absolutely guarantee that he has never once picked up an economics book, I’d wager he doesn’t even a basic understanding of how markets function or how to read a supply-demand graph. I’d be willing to bet my life savings that I’ve read more pro-socialism books and journal publications than he has even heard of.
We got into a conversation on raising the minimum wage and I said how it would affect the employment market and he replied that it wouldn’t do what I was saying and my comments were “stupid”.
I’m studying economics in fucking grad school and am employed by my university’s department to tutor Microeconomics.... I’ve gone to conferences and have talked one on one with economists nationally known for their work in things like labor markets and industry organization.... I pretty goddamn confident in my interpretation of how raising the minimum wage would result in an employment shortage and an eventual increase in prices.
A kid wants to play with his blocks at home, well he gets full reign to build his creations. If a kid wants to play with blocks at daycare, even though they sat dusty in a corner for months, now he has to share his creations and time with other kids, who don't do it like he does. It's learned behavior, and reinforced consistently.
Obviously! Treat labor as a commodity, then raise its price artificially. Of course there will be less jobs. Basic supply demand price relationship Degree not in economics.
I’m part of the millennial generation and have a friend that completely believes in socialism. I can absolutely guarantee that he has never once picked up an economics book, I’d wager he doesn’t even a basic understanding of how markets function or how to read a supply-demand graph. I’d be willing to bet my life savings that I’ve read more pro-socialism books and journal publications than he has even heard of.
We got into a conversation on raising the minimum wage and I said how it would affect the employment market and he replied that it wouldn’t do what I was saying and my comments were “stupid”.
I’m studying economics in fucking grad school and am employed by my university’s department to tutor Microeconomics.... I’ve gone to conferences and have talked one on one with economists nationally known for their work in things like labor markets and industry organization.... I pretty goddamn confident in my interpretation of how raising the minimum wage would result in an employment shortage and an eventual increase in prices.
Just share you stuff with me! Why not share? So greedy!
It's the daycare mentality.
A kid wants to play with his blocks at home, well he gets full reign to build his creations. If a kid wants to play with blocks at daycare, even though they sat dusty in a corner for months, now he has to share his creations and time with other kids, who don't do it like he does. It's learned behavior, and reinforced consistently.
Homeschooling is the answer.
Obviously! Treat labor as a commodity, then raise its price artificially. Of course there will be less jobs. Basic supply demand price relationship Degree not in economics.