Hacker News new | past | comments | ask | show | jobs | submit login

I don’t know of any good sources that cover this in terms of comparing policies. But most of my points (eg inflation negating minimum wages and the whole discussion consuming political capital) are self evident. The most extreme example of minimum wages failing is South Africa. I’ve seen interviews where people in poverty there want it to be removed since it just leads to more unemployment and/or black market employment below the minimum.

I don’t understand the link to medical insurance. In my country poor people get free healthcare. Low wage earners still get taxed, which I think is immoral and is exactly the kind of policy discussion that minimum wage proponents smother.




My point was in the US medical inflation far outpaces all other non discretionary expenses and it's not because of the minimum wages. Minimum wages affect business that pay minimum wage and that's more like non essentials like eating out or going to the movies. I can't speak to the economics of South Africa but I'm not sure what happened there would necessarily apply in the US. At least it's not obvious to me.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: