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The idea was proposed to me. I'm just pondering it out of boredom. I think dude6935 has it right though. The poverty rate would be frozen in place.
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It's arbitrary to say "this number is going to be the limit." What I'm saying is I think there's an issue with the employer being able to manipulate, through hiring and compensation, this number that's supposed to regulate them. Again, I'm only interested in this as an amusing "what if" scenario.
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Obviously. Still, as a sort of thought-experiment, I'm focused on the relationship between the employers and the percentage. I'm no math whiz, but something tells me there's a huge problem there, all other problems with the proposal aside.
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I heard the following proposed as a less harmful alternative to the current form of minimum wage. I think it is convoluted and as harmful as the way minimum wage is done now, if not more so. Minimum wage is implemented by designating that (with some exceptions), no one is to be paid less than $X/hour. The alternative proposed is to look at the percentage
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Those are rational and well-explained critcisms, guys. I thank you all.
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http://cecd.aers.psu.edu/pubs/PovertyResearchWM.pdf The link above is a study that looks at Wal-Mart's effect on county-wide poverty rates and concludes that the introduction of a Wal-Mart store causes an increase in poverty. Surely this is a macroeconomic data point that should not be dismissed lightly?
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The Art Carden article refers to studies addressed in the study I linked above as having methodological problems that lead to incorrect conclusions regarding the effects Walmart has on employment levels. However, the study I linked appears to only look at retail employment, and doesn't look at the benefits of lower prices for goods.
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http://laborcenter.berkeley.edu/retail/walmart_downward_push07.pdf Empirical evidence suggests that employees at Wal-Mart earn lower average wages and receive less generous benefits than workers employed by many other large retailers. But controversy has persisted on the question of Wal-Mart’s effect on local pay scales. Our research finds that
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It would be great to have some charts that show the opportunity costs incurred by these mandates.
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The Tucker article only addressed efficiency as it applied to the auto-defrost feature. I understand how regulation can cause prices to go up. But is there evidence to support that this is what happened with refrigerators and cars as a result of these specific mandates? Or is this a case of, "Our theory says this is bad, but we have no proof of