San Diego introduced to economics
Yeah, that minimum wage hike? Cost about 4,000 jobs.
2 Responses to “San Diego introduced to economics”
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April 11th, 2017 at 6:46 pm
There’s no way to put a number on something like that, being that the ripple effects will touch every aspect of the economy for generations to come. How, for example, do you measure the losses accumulating from the businesses that don’t start up in the first place due to the regulatory hassles and costs? And then there are the businesses that never start up bcause of those that never started up in that first category, etc., etc.
Also let’s not forget the loss of incentive to work at all, due to the welfare options, or the loss of incentive to work one’s way up the ladder when one is receiving the higher minimum wage already.
there’s no way to calculate all of this, is the point.
The much greater and more valid point though, is that it is immoral to allow the government to interfere in such matters in the first place, and Anti-American.
The statistics, such as can be gathered at all, or honestly reported when all incentives are to misrepresent them, are a mere side issue.
Business will always be reduced by government intervention (coercion), but the primary issue is that such intervention is an affront to the American principles of liberty.
If we can’t grasp the fact that coercion is wrong, and should be stopped for that reason alone, then we’re fucked anyway regardless of what we believe the statistics are telling us.
So I guess that means we’re fucked.
April 12th, 2017 at 10:05 am
Great point on Morality, Lyle.
I think it was Ben Shapiro who argued: how can the government claim to have no moral authority to prevent one man from marrying another, but can prevent that same man from working for another for an agreed upon wage?