February 22, 2013 11 Comments
Stationary Waves has a plausible theory as to why $9 is a magic number when it comes to minimum-wage proposals.
Half Sigm THE LION OF TH’ BLOGOSPHERE predicts that Chris Christie will be the 2016 Republican Presidential nominee. You heard it there first. Pastorius, who loves Chris Christie and how fat and unmanly he is, would be ecstatic.
In Berkeley, a reported One Billion women danced to ‘celebrate women’s bodies’ – a worthy cause if there ever was one – and but also to end violence against women. I am curious to see if it worked. So far so good, as far as I can tell?
I think my favorite aspect of this whole minimum wage debate has been the realization that the pro-minimum wage side is now wedded to this logic:
- I really really want there to be a higher minimum wage and for that to be economically non-retarded! But the arguments against it are intuitive, sort of obvious and that is discouraging and makes me feel bad.
- On paper/chalkboard, some blogger told me that there is a special degenerate imaginable boundary case called ‘monopsony’ in which raising wages would raise employment. Hey, that establishes that it is logically possible for rises in the minimum wage not to increase unemployment.
- Therefore, since it’s logically possible, and I don’t like the ramifications otherwise, we must actually be in that ‘monopsony’ situation, and are required to act accordingly! I can even call people dumb for ‘not knowing about monopsony’.
Gives me a chuckle to see this every time. I could entertain myself for an hour or two just by Google Blog-searching ‘monopsony’ and enjoying all the recent blog posts folks have littered the web with that are implicitly using logic 1-2-3 above.
I haven’t written about this stuff for a while, but it’s comforting to see that the insanity of wanting banks to somehow do banking without taking risk (which is part of the definition of modern banking) continues.
More infuriating TSA behavior. I’m pretty much at the point where my baseline assumption is that any person that takes a job going to work for the TSA in any capacity is a just plain bad human being. It is just not something that good people ought to, or would even want to, do.
Megan McArdle wrote a widely-linked piece that is basically about Smart People.
So, in case you haven’t seen this, apparently this is how you get girls’ numbers: