@freemo @clacke minimum wage prohibits the assignment of jobs whos nominal value is below the minimum amount that can be paid.
it results in either having to batch jobs (ex. the groceries won't be orderred until i need enough to cover the minimum) or overloading jobs (i'll just add it on to the other guy i already pay 15$ an hour)
it results in either having to batch jobs (ex. the groceries won't be orderred until i need enough to cover the minimum) or overloading jobs (i'll just add it on to the other guy i already pay 15$ an hour)
@icedquinn @clacke @freemo Minimum wage also forces businesses to innovate ways to increase worker productivity. A worker's value isn't just what they bring to the table, it is also what your employer does with you. #economics #econ
@52fighters @icedquinn @clacke @freemo Typically productivity increases are innovation driven, not the other way round.
@sapphire @icedquinn @clacke @freemo Need is the mother of innovation.
@52fighters @icedquinn @clacke @freemo ah yes, I remember the cotton gin being invented as a direct result of the drastic increases in the wages of slaves.
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What you just did is called the logical fallacy of composition.. Because someone states (correctly) that an increase in wages will result in innovation to replace workers does **not** imply that all innovation must be driven by an increase wage of workers.
Fallacy of Composition
@freemo @52fighters @icedquinn @sapphire That's not the FoC. That's just pointing the implication arrow the wrong way.
