The Fiscal and Monetary Policy Thread - All Things Equalibrium

The Something Awful Forums > Discussion > Debate & Discussion > The Fiscal and Monetary Policy Thread - All Things Equalibrium

Cicero: Dec 17, 2003; Jumpjet, melta, jumpjet. Repeat for ten minutes or until victory is assured.

icantfindaname posted:

RE: economic growth, medium-long term growth prospects for the US are actually remarkably good compared to places like Japan and Europe. The US won't face demographic issues for decades as things are right now. The lesson from China is that quickly catching up to the US as an impoverished third world country just isn't feasible

Yeah. Seems like when you're starting out dirt poor, initial gains are relatively easy, you're getting all the low-hanging fruit, plus you can copy the examples of countries who industrialized before and learn from their mistakes. The closer you get to the cutting edge, the harder it gets to eke out more progress.

# ¿ Sep 30, 2015 01:59

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# ¿ May 16, 2024 15:11

Cicero: Dec 17, 2003; Jumpjet, melta, jumpjet. Repeat for ten minutes or until victory is assured.

Ardennes posted:

I think the big worry is regional cost of living differences, and in the US the differences have gotten quite huge. $15 in San Francisco doesn't go the way it goes in rural Mississippi. That said, critics of a $15 minimum wage haven't come up with much of a solution either than simply keeping it universally low and hoping the problem fixes itself.

We could always tie it to the median income by state/county, possibly with an absolute floor and absolute ceiling.

# ¿ Oct 15, 2015 02:55

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