Mon, Oct 11, 2021 10:15 a.m.
A U.S.-based economist won the Nobel prize for economics Monday for pioneering research that showed an increase in minimum wage does not lead to less hiring and immigrants do not lower pay for native-born workers, challenging commonly held ideas. Two othe
https://ktla.com/news/nationworld/3-u-s-based-economists-including-2-in-california-receive-nobel-prize-for-economics/
R.C.: Really?
So, if you were to allow 100 million more wetbacks into this country, would that raise or lower wages?
Who bought the Nobel committee off?
9 comments:
In a study published in 1993, Card looked at what happened to jobs at fast-food restaurants Burger King, KFC, Wendy’s and Roy Rogers when New Jersey raised its minimum wage from $4.25 to $5.05, using restaurants in bordering eastern Pennsylvania as the control — or comparison — group. Contrary to previous studies, he and his research partner Alan Krueger, who died in 2019, found that an increase in the minimum wage had no effect on the number of employees.
LOL
So they still needed burger slingers, and paying 80c more for an hour of slinging burgers was easily digestible (ahem) for a burger joint -- shocker! -- 'film at 11'.
There is no more objective studies or science--everything has become political. Now we have hundreds of thousands dying while the government mandates masking, social distancing, and killer vaccines which only make things worse. FJB
jerry pdx
2022 announcement: Nobel committee awards prize to scientist who has proven that a bio male can be a bona fide genetic bio female! And vice versa. Don't laugh, it's coming...
link
At the link is a map of opioid death rates in each state per 100k population (2017) -- it's clear the states forming what's known as the 'Rust Belt' have the highest rates of overdose deaths.
In this context, keep in mind the post-WWII free trade regime (GATT, NAFTA, WTO, etc) resulted in drastically reducing or eliminating tariffs in the US, which caused devastating losses of manufacturing jobs and the economic immiseration of literally tens of millions of Americans.
And it was all ignored by the Establishment -- no one cared, no one did anything about it.
For me, one of the sickest scenes of the Obama presidency was when Obama appeared before a bunch of laid off workers (from a Carrier plant as I recall) somewhere in the Midwest, mostly paunchy middle-aged, working class white men wearing dirty baseball caps, telling them about all the coming jobs in 'green energy' -- those jobs never materialized of course, and who knows what happened to all of those people who were laid off -- I always disliked Obama, who seemed phony to me; effete, lazy, an empty suit -- but after seeing video of that I absolutely fucking despised him.
More Nobel Prize winners for minorities to include women. A must now. Minorities famous for their scholarship.
MATT AMODIO LOSES AT JEOPARDY TONIGHT AFTER 38 WINS IN A ROW
GRA:It took,as I forecast,two very quick,smart White people to beat him,but Matt Amodio's fantastic streak of 38 straight wins and 1.5 million dollars is done.
He had the lead after the first round by about $6,000,but his opponents,a White woman and a White man,Jonathan Fisher,found some categories that they connected with and the eventual winner(Fisher) did Amodio in by finding the two daily doubles--back to back--in round two.Fisher answered one of those correctly and one incorrectly,but preventing Amodio from wagering on them was arguably the key difference tonight.
Fisher is an actor--and will probably be defeated tomorrow--as most contestants who defeat great champions on "Jeopardy" do.
We won't see an Amodio again for quite a while--and I probably won't watch "Jeopardy" either--as I have the last few weeks.
--GRA
A few million more wetlands=higher car insurance rates--that's a given.
--GRA
Wetbacks--not wetlands.That's auto-correct for you.
--GRA
PC auto-correct?!
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