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Joined 3 years ago
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Cake day: July 5th, 2023

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  • For anyone interested in some other studies looking at this:

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5197571

    First, the policy led to significantly lower turnover in the fast-food sector. Second, wages increased not only for fast-food workers earning below $20, but also for higher-paid workers. Third, although hiring declined following the minimum wage increase, it was outpaced by the decline in turnover, causing total fast-food employment to rise. Fourth, there were no wage or employment spillovers on firms outside the fast-food sector.

    The fact that the increase in minimum wage reduced total employment is hardly worth reporting. Higher price (of labor) equals lower quantity demanded. Not a shock, and not really an argument against the policy… because proponents of higher minimum wage aren’t arguing the desired outcome is maximizing employment. Do the benefits of the higher wage offset the loss?

    I’ll happily employ the scholars at WPC $0.01/hour 24/7/365 if they’re only interested in maximizing number of hours worked… /s



  • Agree on most of this.

    I’d emphasize that while “we” (the USA) didn’t diversify, many others have. China keeps looking like it’s coming away a winner from all of trump’s missteps. They’re already a leader in battery and solar; benefiting from having ramped up renewables so much; and while the US is distracted in the Middle East can probably get away some shenanigans in their part of the world with far less blowback than would have happened a year or two ago.

    Republican policies would be comically self-defeating… except it’s hard to laugh when they make so many people worse off :(

    And somehow their own failures don’t lead to their defeat at the polls, I still struggle coming to terms with that.









  • whyrat@lemmy.worldtoMicroblog Memes@lemmy.worldGuilty
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    2 months ago

    For me: boxes stay around for 2-3 weeks. Then my kids get art supplies and are set loose upon it. Depending on the success of said art, it can stay around for months (a large furniture box turned into “Kitty Cat Castle” which still stands in my daughter’s room over a year now) or set out with the next recycling.











  • Ah, yes… I want AI trained on the nonsense the average user is typing to their friends… A step above texts, but still likely filled with poor grammar, misinformation, spelling mistakes, spam, and invites for a child’s birthday party.

    GIGO, for what tasks do they think this new AI model will excel? Writing even more spam emails?