Comments by "whyamimrpink78" (@whyamimrpink78) on "Economist: 'The Poor Are Lazy' Is An Absurd Myth" video.

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  69. 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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  75. Ylze Tyr "especaily since we have a few states that have raised their min wages and have seen MORE job growth" And that is exactly what I am talking about with you. You refer back to that always showing you have no clue how to read statistics or how the economy works. I have said several times that you have to look at select groups with the min. wage as in low skilled workers then you see an increase in unemployment when the min. wage goes down. Overall unemployment is effected from several other variables thus when you increase the min. wage all negative effects get lost in the statistical noise. You have to eliminate that noise to see the negative effects. Other variables effecting unemployment are labor to labor substitution, taxes other business regulations and so on. I have state these things before but once again you are going back to more jobs are due to an increase in the min. wage. As I said take some economics courses and take some statistics courses. The stats. course I was in was a grad level course for those going after their Masters in economics (it was undergrad for me because it was for my math minor). So I will say it again, when you raise the min. wage a little bit there are negative effects and no positive effects. The negative results are lost in the statistical noise due to several other variables involved in the economy. When you remove that noise and focus on low skilled workers you see an increase in unemployment when the min. wage goes up, but when you don't look at select groups and look at overall unemployment you don't see that.
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