this post was submitted on 18 Sep 2024
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News

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[–] MonkderVierte@lemmy.ml 35 points 1 day ago

None of the people uttering that lie will care about this news.

[–] DougHolland@lemmy.world 57 points 1 day ago (2 children)

Where I live, Washington, the minimum wage is $16.28 p/hour. Across the border in Idaho, the federal minimum applies — $7.25.

Businesses on the higher-wage side of the border are doing fine, and Spokaners do not drive across the border into Coeur d'Alene for cheaper groceries or a half-price Big Mac.

[–] FirstCircle@lemmy.ml 41 points 1 day ago (54 children)

Spokaners do not drive across the border into Coeur d’Alene for cheaper groceries or a half-price Big Mac.

I actively boycott any and all ID businesses, because of the state's shitty labor and reproductive-rights laws and its nurture of Christofascism. They can Gilead all they want but it won't be with my financial support.

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[–] hperrin@lemmy.world 46 points 1 day ago (1 children)

California recently increased minimum wage, and despite this, people still live there.

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[–] SeaJ@lemm.ee 12 points 22 hours ago

Card and Kreuger found this out when they did a large study back in the 90s when each state could finally set its own minimum wage.

[–] morrowind@lemmy.ml 14 points 23 hours ago

From the abstract of the actual study

We find that most studies to date suggest a fairly modest impact of minimum wages on jobs: the median OWE estimate of 72 studies published in academic journals is -0.13, which suggests that only around 13 percent of the potential earnings gains from minimum wage increases are offset due to associated job losses. Estimates published since 2010 tend to be closer to zero.

[–] UsernameHere@lemmy.world 42 points 1 day ago* (last edited 1 day ago) (10 children)

Economic models keep most numbers fixed to simplify their math. They call it ceteris paribus.

So when economists claim that increasing wages will reduce the amount of jobs, they came to that conclusion by keeping corporate profits fixed while doing their math. So any business expense is paid for by reducing workers or wages.

In the real world corporate profits are not fixed and have grown faster than wages for decades.

Keep that in mind if an economist ever tries to claim increasing wages will reduce the quantity of jobs.

[–] Maggoty@lemmy.world 6 points 1 day ago

Economists are also very aware of what they choose to keep fixed and what they choose to allow as a variable. It's a science that's incredibly easy to corrupt the results in. Which is why people really need to pay attention to who it's giving the results.

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[–] Melatonin@lemmy.dbzer0.com 4 points 22 hours ago (2 children)

That "Adobe Stock" photo from the article is just some generic AI crap.

The door is wide open for a stock photo business right now, I guess.

[–] I_Has_A_Hat@lemmy.world 3 points 20 hours ago* (last edited 19 hours ago) (3 children)

Isn't that kinda what AI images should be used for? Meaningless stock images? Like, if the article was about a specific person, or an interesting activity or place, then yea that's not for AI. But a generic article about "jobs" seems fine.

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[–] Hackworth@lemmy.world 4 points 22 hours ago

Hop on Adobe stock right now and search for something. Half of the results will be AI-generated. There's a search filter that can exclude them.

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