https://padlet.com/ahorvath19/2ofs1wa7kbhn en-us 2017-04-07 16:14:15 UTC 2017-04-11 15:53:25 UTC hello@padlet.com ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165428905 https://fee.org/articles/3-reasons-the-15-minimum-wage-is-a-bad-way-to-help-the-poor/]]> 2017-04-07 16:30:56 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165428905 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165429254 Quote: "If the goal of minimum wage policies is to fight poverty, then targeting low-wage workers is a relatively ineffective way of achieving that goal."]]> 2017-04-07 16:32:30 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165429254 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165430115 Quote: "Minimum wage laws create a barrier to getting a job that the privileged are better able to overcome than the underprivileged. When jobs are scarce, then immigrants, workers with few skills or little education, and those with limited English proficiency are going to have a harder time convincing employers that their labor is worth $15 an hour than their better-skilled, native, English-speaking competitors."]]> 2017-04-07 16:36:42 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165430115 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165431169 Paraphrase: The reason that economists are against the minimum wage increase is because by increasing the the price for labor, there is less need for labor.]]> 2017-04-07 16:40:43 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165431169 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432077 Paraphrase: Instead of increasing the minimum wage, a better way to fight poverty is through a Negative Income Tax or Universal Basic Income.]]> 2017-04-07 16:44:24 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432077 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432632 Summary: "But the minimum wage is a bad tool for those whose goal is to ease the burdens of poverty. And the California law – which mandates a very high wage across a very large population – is an especially bad idea."

]]> 2017-04-07 16:46:35 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432632 ahorvath19 https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432708 Summary: "That’s why even John Rawls thought that the minimum wage was a bad idea. Of course he thought we should have income redistribution. But the best way to do that is to let the labor market do what markets are generally quite good at – efficiently allocating resources and creating a social surplus – and then use the power of government to ensure that everybody gets an equitable (or, on my view, sufficient) share of the wealth the market creates."]]> 2017-04-07 16:46:56 UTC https://padlet.com/ahorvath19/2ofs1wa7kbhn/wish/165432708