—“What’s wrong with the military industrial complex?”—Steve Pender (rhetorical question) Nothing. At it’s very worst it is: (a) the optimum research and development investment, and (b) the optimum means of economic redistribution, (c) the optimum means of producing male investment in the social order, (d) the optimum means of producing male prosociality. (Besides we replaced it with the Cathedral complex and that’s the worst possible of each.)
Theme: Incentives
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Wage vs Income: Told Ya So
https://www.bloomberg.com/view/articles/2017-06-26/seattle-s-painful-lesson-on-the-road-to-a-15-minimum-wage1) For every 1 percent increase in their hourly wage, low-wage workers saw a 3 percent reduction in the number of hours worked. As a result, they lost about $125 in earnings a month, clawing back the entire gain from the earlier hike and more. 2) THE EFFECT IS NON LINEAR AND ACCELERATES RAPIDLY -
Wage vs Income: Told Ya So
https://www.bloomberg.com/view/articles/2017-06-26/seattle-s-painful-lesson-on-the-road-to-a-15-minimum-wage1) For every 1 percent increase in their hourly wage, low-wage workers saw a 3 percent reduction in the number of hours worked. As a result, they lost about $125 in earnings a month, clawing back the entire gain from the earlier hike and more. 2) THE EFFECT IS NON LINEAR AND ACCELERATES RAPIDLY -
It’s a very different thing reading what people said in history versus what peop
It’s a very different thing reading what people said in history versus what people said later on about what people said in history. History is not ideological. Wars are for economic reasons: the returns of winning are profitable.
Source date (UTC): 2018-05-04 10:54:41 UTC
Original post: https://twitter.com/i/web/status/992356836002103296
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YA SO 1) For every 1 percent increase in their hourly wage, low-wage workers saw
https://www.bloomberg.com/view/articles/2017-06-26/seattle-s-painful-lesson-on-the-road-to-a-15-minimum-wageTOLD YA SO
1) For every 1 percent increase in their hourly wage, low-wage workers saw a 3 percent reduction in the number of hours worked. As a result, they lost about $125 in earnings a month, clawing back the entire gain from the earlier hike and more.
2) THE EFFECT IS NON LINEAR AND ACCELERATES RAPIDLY
Source date (UTC): 2018-05-03 20:23:00 UTC
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(((Success?))) It’s because sophistry sells, specializing in moral hazard is the
(((Success?))) It’s because sophistry sells, specializing in moral hazard is the most profitable industry, and free riding is a tremendous discount, and we are in an era of mass communication, and no defense against sophism.
Source date (UTC): 2018-05-03 13:05:25 UTC
Original post: https://twitter.com/i/web/status/992027346831073280
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(((Success?))) It’s because sophistry sells, specializing in moral hazard is the
(((Success?))) It’s because sophistry sells, specializing in moral hazard is the most profitable industry, and free riding is a tremendous discount, and we are in an era of mass communication, and no defense against sophism.
Source date (UTC): 2018-05-03 09:05:00 UTC
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(pareto in everything)
(pareto in everything)
Source date (UTC): 2018-05-02 01:22:10 UTC
Original post: https://twitter.com/i/web/status/991487980626939906
Reply addressees: @karlbykarlsmith
Replying to: https://twitter.com/i/web/status/991439180881330181
IN REPLY TO:
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Original post: https://twitter.com/i/web/status/991439180881330181
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( Yeah, it’s worth noting that the most expensive sex slaves sold by ISIS are bo
( Yeah, it’s worth noting that the most expensive sex slaves sold by ISIS are boys. High market demand, low scarcity of supply. O. M. G. What is wrong with people? Seriously!!!! )
Source date (UTC): 2018-05-02 00:43:34 UTC
Original post: https://twitter.com/i/web/status/991478266941886464
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( Yeah, it’s worth noting that the most expensive sex slaves sold by ISIS are bo
( Yeah, it’s worth noting that the most expensive sex slaves sold by ISIS are boys. High market demand, low scarcity of supply. O. M. G. What is wrong with people? Seriously!!!! )
Source date (UTC): 2018-05-01 20:43:00 UTC