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Probably only someone of a Christian-like mindset who was not only concerned about their own well being but also the well being of their fellow man. Are you being a good Christian , Jem?

I'm not concerned with wages keeping up with profits. I'm concerned mainly with two things. 1) An honest wage market, where taxpayers don't indirectly subsidize private sector wages; 2) wages keeping up with inflation. These criteria are essential to a strong middle class and components of a...

My guess would be that gridlock is, in general, bad for everyone, and whether the economy does better or worse under gridlock has more to do with where we are in a business cycle than it does with whether we are gridlocked or not. This is probably a case of correlation being the result of a...

Trump is a buffoon of course. But not even Trump deserves these morons. My guess is that this thread was started in a none too subtle effort to make Trump look worse than he actually is by appearing to be supported by obvious idiots.

This is a point I have repeatedly made,i.e., the gap between the present wage floor and where the target is has much to do with the potential impact of a wage increase. The greater the gap that must be made up, the longer the time required to make it up. Although the present gap is large, if...

I could easily be mistaken here, as it has been some time since I looked at the cbo study, but as I recall there was a range of impact on employment given not a definite number. Was it something like between zero and 500,000 perhaps? Let me say that most economic studies of real instances of...

In this usage "true by definition" means, that the proposition that to be employable a worker must be clothed, housed, fed, etc., is an Axiom. It may be useful to assume the axiom is true, i.e., "true by definition," even if the axiom is not entirely true in every case. The requirements of...

This is a very good article on Libertarianism https://en.wikipedia.org/wiki/Libertarianism We disagree on a premise, viz., that free markets actually exist on other than a localized micro scale.

It does have an beneficial effect on wealth distribution according to economists, but it's taken 30-40 thirty to forty years of supply side economics to create the distribution we have today, it will take decades to correct the imbalance.

I have posted several times on this topic and I was hoping to avoid repetition. I'll try to succinctly summarize. One can define the true cost of minimum wage labor as the cost of housing, feeding, clothing, transporting, providing medical and dental care and providing access to the internet and...

Huh? I am not a democrat, but I haven't heard any of the stuff your claiming coming from democrats. The only thing I have heard from them are suggestions on how to deal with the undocumented parents of American citizens , and how to deal with people who came here illegally and lived all their...

There is a huge fallacy here implicit in this post of yours. What you speak of only holds true in economics text books and theoretical models. In reality, there is hardly ever a free market where, as in in your scenario, labor and employer are equally free to accept or reject an offer. It's...

I read your post, thank you. I'm not very interested in discussing the relative merits of various "-isms" , but I am very much interested in the question of whether the minimum wage should be raised and what might the effect of that be on the economy. My own view is that we should raise it...

Who are you referring to here. The only economic segments that so far as I know that might conceivably advocate "open Borders" would be those segments of the economy that are seeking to hire workers to do jobs that few want to do at the wages that are offered. But I've never heard of anyone...

In a capitalist economy, price controls are strictly a temporary emergency measure. Price controls might be useful to prevent price gouging in times of a crisis, but they wouldn't be useful here. The assumption that after a minimum wage increase everything adjusts and you end up in the same...

Everything you say is true. The champions of laissez faire capitalism won't accept that you're right until they are dragged by the heels to the guillotine, and by then it will be too late for repentence.

"Capital displaces labor" --Karl Marx

Of course no sane person would consider it enough to live on. Therein lies the problem. Aren't you getting a wee bit tired of sudsidizing minimum wage employers? I am/ But mostly I'm appalled that anyone thinks you can have a robust economy with 1 percent of the population owning all the money...

I will think about that. We are by far the most capitalist large economy on Earth. But we are not entirely capitalist. We have a mixed economy. Do we have the right mix though? There are good analogies in your comments. We must be very careful in trade negotiations not to create unfavorable...

That's a point of view I respect, though I think it's not quite right. I believe the Baby boomers will do better in retirement than the those in their twenties right now. What is important to retirees is return on their investments and fortunately many of the baby boomers have actual defined...