You still can't explain Seattle and San Francisco, right wingers. Fallacy is all you seem to have.Thanks Received:
773
Your, accepted dogma must be wrong. Or, there is some other factor involved.
strike three.
.
You can't explain the lower than national average unemployment rate for those two jurisdictions with a higher than average minimum wage.
Is there more demand for unskilled labor at $7.25/hour or at $15/hour?
What about at $20/hour? $30/hour?
Explain your dogma.
Click to expand...
Monopsony explains why there is a lower unemployment rate at the new equilibrium.
Capitalism explains why more people are looking for work at that price point.
Click to expand...
Monopsony explains why there is a lower unemployment rate at the new equilibrium.
In economics, a monopsony is a market structure in which only one buyer interacts with many would-be sellers of a particular product.
One (or a few) buyer(s) explains why a higher MW doesn't decrease demand for labor?
Dude!!
You get funnier by the post.
Click to expand...
A statutory minimum wage makes, illegals out of "cheap employers".
Merely fixing a Bad moral Standard, for less fortunate illegals, is all they do.
The economic factor is that there are no, lawful buyers for less than the minimum wage; a de jure, monopsony.
Click to expand...
Dude!
Examples of a Monopsony
Monopsonies take many different forms, but they most commonly occur when a single employer controls an entire labor market. When this happens, the sellers, in this case the potential employees, compete for the few jobs available by accepting lower wages, which drives down employee costs for the business.
Read more: Monopsony Monopsony
Click to expand...
The economic factor is that there are no, lawful buyers for less than the minimum wage; a de jure, monopsony.
That Concept, applies. Government simply "co-opts" any wages lower than the statutory minimum wage and "acts like a single employer who bought up all labor cheaper than the minimum wage."
The left has results, not excuses. Only the right wing does that, by custom and habit, until it is indistinguishable from any moral.
lol. You did not rebut these in any way. Nothing but diversion is all you have.
Monopsony explains why there is a lower unemployment rate at the new equilibrium. The economic factor is that there are no, lawful buyers for less than the minimum wage; a de jure, monopsony.
Capitalism explains why more people are looking for work at that price point.
That Concept, applies. Government simply "co-opts" any wages lower than the statutory minimum wage and "acts like a single employer who bought up all labor cheaper than the minimum wage."
Outlawing cheaper labor didn't buy up the labor, it kept the labor unemployed.
As soon as you answer the questions you ran from....
Is there more demand for unskilled labor at $7.25/hour or at $15/hour?
What about at $20/hour? $30/hour?
….I'll be happy to explain Seattle and San Francisco
Reading comprehension helps.
The economic factor is that there are no, lawful buyers for less than the minimum wage; a de jure, monopsony.
Is there more demand for unskilled labor at $7.25/hour or at $15/hour?
What about at $20/hour? $30/hour?
Oooh! Oooh! I know! Since demand for labor rises as its cost rises and increasing the MW doesn't have any negative effects on employment, let's set the MW at $100/hr and eliminate poverty all together.