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78 sats \ 1 reply \ @stack_harder OP 4 Jan \ parent \ on: Help me understand minimum wage logic better econ
sounds like broken window theory a bit. i often wish I was dealing with a robot because honestly, it would be a much more smooth and efficient process.
the old people in the village are prone to lamenting how life was so great when the factories were still working etc , but those factories weren't even profitable, they were essentially taxpayer-subsidized jobs to keep people busy
Naturally they weren't happy when the inevitable axe fell
Michael Malice has joked that he's pro-minimum wages because he prefers dealing with machines to entry-level employees.
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