Comments by "whyamimrpink78" (@whyamimrpink78) on "Economist: 'The Poor Are Lazy' Is An Absurd Myth" video.
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You are poor for a reason. Working fulltime at a low demand/low valued job isn't working hard. The most successful people in the world sacrifice a lot. They are the ones always on call, they are the ones who can lose it all in a second and will have to move from their homes with family if they make a mistake. They have way more responsibilities then the poor can even imagine.
There will always be wealth disparity, not everyone desires to be a business owner. Beyond owning a home the average person isn't wealthy, but they are still well off. Also, according to a CNBC article, only 19% of the super wealthy inherited all their wealth, an another 16% inherited part of it.
Simple fact, the poor are poor for a reason, they refuse to take on responsibility, they are the ones that want a paycheck, they don't want to work. Anyone who take economic advice from Robert Reich isn't too bright.
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Ylze Tyr Ok, where to begin, the only part where the fed can deal with domestic issue is the commerce clause which is commerce between states. That means if two states can't agree on something then the federal government gets involved. An example would be if Iowa, for example, tried to keep all the residents of Missouri out, or force them to pay an entrance fee. That is where the federal government will end the dispute between states. That is it. Reading the rest of section 8 you have currency which is foreign trade, post offices and post roads which is communications, development of the armies, copyright laws and so on. I see nothing about the FCC, EPA, social security, Medicaid, department of ed., department of labor and so on. Seems like you need to work on your reading comprehension skills some more.
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Ylze Tyr I never said raising the min. wage would lead to massive unemployment, I said that in low skilled jobs and low skilled workers, such as teenagers, it would lead to higher unemployment. You said that raising the min. wage has led to job growth in states that did it, but when I explained to you that there are several factors that led to that and that when you look at select groups, such as teenage unemployment, then you see a job loss there. You choose to ignore that but instead praise the min. wage for leading to massive job growth which isn't true.
I also never said that raising the min. wage would lead to massive price increase, but it does lead to price increase. When you raise the min. wage you won't see a doomsday like result, I never said one would happen. What does happen is a price increase and job lost for select groups. That all gets lost in the overall effect of the economy because it gets lost in the statistical noise. You know, when there is several variables in a complex economy you have noise. Like in my research. I am a spectroscopist. When I shine my laser on a sample I get a signal with a lot of noise. That noise comes from solvent to sample interaction, or a slow monochromator, or water in the atmosphere and so on. We try our best to eliminate noise through several techniques both with the laser set up and the code used to analyze the data but it exist. The same is here with the economy. Raising the min. wage doesn't have any positive effects, all the negative effects get lost in the statistical noise unless you remove it which economists have done and see the negative effects, none positive. The sources you point to haven't done that. You point towards sources that say a state raises the min. wage and overall job growth went up. The negative effects were lost in the noise. My state has a higher min. wage then the federal but has seen job growth because we have some of the lowest taxes in the nation. We also have one of the highest teenage unemployment rates in the nation as well.
Not only do you need to read a basic econ. book but you also need to study statistics. When I was taking an advance statistics course so were several econ. majors for a reason. That is one thing we learned is how to remove statistical noise.
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