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Sunday, April 3, 2016

On California's $15 minimum wage


One thing I'd like to point out to our supposedly leftie Ontario premier is that, when you factor in the drop in the Canadian dollar, our workers are now going to make half of what people in California make. In other words, it ain't progressive to ape Alabama, bitch.

Anyway:

WaPo - no, actually a $15 minimum wage doesn't kill jobs, but our fucking moron editor with a B- in 2nd year micro said we had to frame it that way. Most important is this quote from Governor Jerry Brown:

"But the fact is that there's a principle called the living family wage, which is a doctrine that has been around for a long time, since probably before the 1900s, which is that you can't expect someone to work if the wages for that work can't support a family."

No shit, sherlock. Actually, you can expect them to work for a pittance that can't even support a single person: they just live under a freeway overpass.

In fact, I'm still waiting for undergrad economics to show me a labour market model that takes into account the fact that workers have to earn a bare minimum amount of money in order to stay alive.


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