Strange7 comments on On Walmart, And Who Bears Responsibility For the Poor - Less Wrong

13 Post author: ChrisHallquist 27 November 2013 05:08AM

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Comment author: Sanji 01 December 2013 09:55:54PM *  0 points [-]

I have noticed a contrarian position on the whole minimum wage thing. One that advocates buying from sweatshops, because they say "at least those people working in the sweatshops aren't homeless".

Possible solution to the whole minimum wage thing: model the thing as a math problem where you minimize the cost to taxpayers? Like, if (current minimum wage * current number of jobs) - (hypothetical minimum wage * resulting number of jobs) < 0, then the taxpayers would want to switch to the hypothetical minimum wage.

And to keep experimentation in that from being too harmful to people who have jobs, a possible solution: a limited number of sweatshops, where there is no minimum wage. The limited number is important, so that it doesn't become a viable option for companies like Walmart to start their own sweatshops and flood the market with jobs, contaminating the experimental results.

Actually a sort of "sweatshop fallback net" might be a good idea.

Comment author: Strange7 23 September 2015 08:53:51AM 0 points [-]

"at least those people working in the sweatshops aren't homeless"

Bizarrely enough there are many people who have jobs, yet cannot afford housing. Something about rising real estate prices.