What if…

by Richard on February 27, 2012

With thanks to commenter Elizabeth

{ 9 comments… read them below or add one }


Kim 02.27.12 at 10:20 pm

Answer: the US will smell a socialist rat — and vote it down.


Pam 02.28.12 at 2:27 am

Another Question: Can the US offer an explanation to the citizens of Tuvalu and Kiribati on why they are losing their homes?


Richard 02.28.12 at 7:54 am

Haven’t you heard, Pam? Economic growth is much more important than the lives of a few islanders.


Pam 02.28.12 at 8:36 am

I finished re-reading Moby-Dick recently (first read it as a nerdy teenager). My Pacific solution:
send the politicians out in a boat - MD will sort them out!


Mark Byron 03.02.12 at 12:40 am

{snark}Can Richard and Pam offer an explanation to the folks around the world on why they are losing their jobs due to the added regulations?

That’s not to discount the possible effects going forward of low-lying areas (which might have problems due to natural compacting of their island as well as any sea level changes), but there are collateral damages to the climate change fight, just not as picturesque as the ones you cite.


Richard 03.02.12 at 7:21 am

I’m not convinced that a low-carbon economy has to be a low-jobs economy, Mark. I remember how dire predictions were made about the jobs that would be lost if a minimum wage were introduced. Hasn’t happened.


Pam 03.02.12 at 8:15 am

As our planet is going down the tube, at least people can count their superannuation savings?


Pam 03.02.12 at 8:15 am

I meant “Mark” :)


Mark Byron 03.07.12 at 9:33 pm

Minimum wage best serves as a non-binding (on an economic basis, not a legal one) floor that prevents people from getting ripped off. If the going rate for basic hourly labor is $7 an hour and the minimum wage is $6.25, it’s not much of a problem. That is a lot of what has happened with recent min-wage hikes, bringing the floor up towards where the market was already. In those cases, a min-wage hike won’t have much of an effect.

If you do some sort of “living wage” floor of, say, $10/hr when the market values it at $7, the jobs worth between $7-10/hr either don’t get done or go underground. That can chop the lower rungs of the career ladder that younger people need to start building a resume/CV;
such plans help people who are a bit underpaid under a freer market but freeze out others.

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