Raising the minimum wage is... le GOOD!

>raising the minimum wage is... le GOOD!

Are people like this in your country?

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>sinister looking characters with top hats holding money bags
yeah i bet this isnt biased at all

>Econ 101: "The minimum wage is a price floor and therefore it causes a surplus in labor"
>Labor Econ: "Actually, in labor markets, employers have monopsonistic power over wages, so there are actually situations in which the minimum wage would cause firms to increase the quantity of labor employed"

This is what I remember from college

raising min-wage only benefits people who make min-wage.
Wageies get fucked

Abolish minimum wage

Imagine sympathizing with kikes

Is correct, I did a labour economics paper last year.

BUT WHAT ABOUT THE HECKIN RICHERINOS

>raising min-wage only benefits people who make min-wage
No it doesn't since many wages are determined due to their relativity to the minimum wage

The quickest way to know if someone has less than zero knowledge about economics is if they call themselves libertarians.

The economics who unironically say this are usually haughty academics who've lived their entire lives in the university bubble of equations and theoretical abstractions and have zero understanding of the difference between the market in theory and the market in reality.

the idea that keeping the minimum wage down is a myth actually. The flyover states have kept the min wage to 7 dollars an hour since 2008 and apartments are still like 800 usd a month for a single apartment like everywhere else is.

Please stop spreading fox propaganda.

It's not most economists just retarded austrians.

NZ has massively increased minimum wage since 2000 and we are fine

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I call myself a "pro-labor libertarian" because I support things like minimum wage laws and unions. Hardline libertarians and anarcho-capitalists place an unhealthy faith in the free market to be some divine self-correcting force. I don't want lots of regulations but I don't want NO regulations.

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Yes. And to be perfectly honest, it might be the only way some workers have any raise at all. For workers who have already way above it, it won't do jackshit.

no need to call yourself some silly names just say that you're an idiot it's sufficient

Minimum wage in Mongolia 0.8$
In 2023 it will be 1$.
Pls somebody nuke this shithole

You are getting a 25% increase, congrats

We have no minimum wage in this country.

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>25% wage increase
>bitching and complaining

You do NOT suffer.