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"In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid interns."
"In a review of over 100 studies, economists David Neumark and William Wascher found that,A sizable majority of the studies surveyed ... give a relatively consistent (although not always statistically significant) indication of negative employment effects of minimum wages. In addition, among the papers we view as providing the most credible evidence, almost all point to negative employment effects, both for the United States as well as for many other countries." http://www.nber.org/papers/w12663.pdf
"Yes, minimum wages still do increase unemployment."
https://mises.org/blog/seattles-minimum-wage-supporters-ignore-facts
(Score: 1, Informative) by Anonymous Coward on Sunday July 30 2017, @11:48PM
Democracy is a governmental model.
Socialism is an ownership model.
The opposite of Democracy is Authoritarianism.
The opposite of Socialism is Capitalism.
In a Capitalist workplace:
- Someone besides The Workers dictates what will be produced
- Someone besides The Workers dictates how that will be produced
- Someone besides The Workers dictates where that will be produced
- Someone besides The Workers dictates how the profits will be used
In a Socialist workplace:
- You and your co-workers democratically decide what will be produced
- You and your co-workers democratically decide how that will be produced
- You and your co-workers democratically decide where that will be produced
- You and your co-workers democratically decide how the profits will be used
Socialism is Democracy extended to the workplace.
Nitwit.
-- OriginalOwner_ [soylentnews.org]