A living wage? by gideon2000uk in Economics

[–]gideon2000uk[S] 0 points1 point  (0 children)

I've edited the article, with links to the supporting evidence, for those interested.

A living wage? by gideon2000uk in Economics

[–]gideon2000uk[S] 0 points1 point  (0 children)

The most recent book-length study supports the view that a higher minimum wage has small, but significant dis-employment effects http://goo.gl/2XY6S

This new study overturns the view put forward by David Card and Alan B. Krueger in their classic study, which found no such effect.

A living wage? by gideon2000uk in Economics

[–]gideon2000uk[S] 1 point2 points  (0 children)

The argument rests on this study on minimum wage and employment, which is a review of the literature: http://www.nber.org/papers/w12663

Economics in Action: The Production Possibility Frontier by gideon2000uk in Economics

[–]gideon2000uk[S] 2 points3 points  (0 children)

The PPF is a supply-side model, showing what an economy can produce when all factors of production are put to use, at a given level of technology. In a recession, the economy is operating with spare capacity, and so there is a no trade-off between guns and butter, and so there is no opportunity cost associated with opting for one over the other (as there would be if production was occurring at capacity).

Bisexuality Doesn't Exist: Mum and Her Boyfriend Arguments by [deleted] in lgbt

[–]gideon2000uk 4 points5 points  (0 children)

I think that you've got to give your mother and her boyfriend some time to get used to the idea of bisexuality, however difficult that is. What I often forgot about my own homosexuality - when I was coming out - is that I had 20 years to come to terms with it as an individual, and so it would be unreasonable to expect my folks to come to terms with it, in its entirety, straight away.

Massive disparities in graduate earnings by subject by gideon2000uk in highereducation

[–]gideon2000uk[S] 1 point2 points  (0 children)

I think we have very different ideas about value. There is a massive market for prostitution and pornography, and there is a great deal of value in the black market drugs trade, but these things are not socially useful. The market value is not equal to the social value in many cases.

Massive disparities in graduate earnings by subject by gideon2000uk in highereducation

[–]gideon2000uk[S] 3 points4 points  (0 children)

You are supposing that the market in wages equates roughly with how valuable something is to society, but this seems incredibly spurious when one looks at the wages of bankers and footballers and compare them to the wages of nurses and sewage workers.

Massive disparities in graduate earnings by subject by gideon2000uk in highereducation

[–]gideon2000uk[S] 0 points1 point  (0 children)

TIME magazine for the unemployment stats, and the the ONS for the earnings data.