• 13 Posts
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Joined 8 months ago
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Cake day: February 19th, 2024

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  • Here’s the thing: Economics is not a science.

    For instance, there’s no scientific “answer” to whether minimum wage causes more unemployment because it’s not a simplistic, binary question. It depends on a wide variety of social factors that are largely untestable, unfalsifiable, etc. The question itself is based on deep ideological assumptions (eg. it’s desirable for people to be even more used/employed).

    The issue of living wages is a social issue around basic human needs. Many and maybe most economists are paid precisely to justify the denial of human needs. That’s what econ is really about. So there will never be any consensus on this phony “issue”.