In fact, minimum wage earners tend to put a greater portion of their earnings back into the local economy vs. savings and increases help or at least don’t impact particularly negatively small business. Neoclassical economics is a joke.
Our current economic situation is the product of decades of regulation cutting supply side (aka neoclassical) economics championed by the likes of Thatcher and Reagan, which still dominates today. You know where housing is not unaffordable? Vienna, Austria. A place where better than half the residents live in social housing. The product of a strong government and regulation.
So your theory is that housing is so expensive because of less regulation? And if we had more regulations in how houses are built housing would be cheaper?
Yes, of course. Banning short term rentals for example is a regulation that would put downward pressure on housing prices. Banning investment companies such as Blackrock, Blackstone, etc from purchasing single family homes, duplexes, 4-plexes and the like would do the same. Whereas the lack of regulation around these things has contributed to home price inflation. The idea that people are unable to afford homes because there is too much regulation holds water like a sieve.
It’s really frustrating that you read the comment outlining the kind of regulation that would help, yet you somehow think the only kind of regulation possible is “make houses harder and more expensive to build” and dip out of the conversation with a “wow ur dumb lol”. It’s almost as if you’ve been arguing in bad faith and have no information to back up any of your takes.
I understand your frustration but what am I supposed to say to someone that just repeats and believes ANY propaganda that their side tells them? What he said is so so far off from what reality is, its literally turned into a cult at this point.
Wait, so this entire conversation you didn’t make a single, tangible point or statement, just sarcastically asked questions doubting the possibility of their being another opinion besides your own, and when they answer all of these questions with sources and examples you run away because they’re the ones repeating what their side tells them…? And accuse them of being in the cult…
https://news.berkeley.edu/2023/03/14/even-in-small-businesses-minimum-wage-hikes-dont-cause-job-losses-study-finds
In fact, minimum wage earners tend to put a greater portion of their earnings back into the local economy vs. savings and increases help or at least don’t impact particularly negatively small business. Neoclassical economics is a joke.
It was a populous example and if you want to get into the weeds on it we could, but it wasnt the important part of the comment.
I love how you guys claim that sort of economics is dumb as you cant afford a house and to feed yourselves. Modern monetary policy is working great!!
Our current economic situation is the product of decades of regulation cutting supply side (aka neoclassical) economics championed by the likes of Thatcher and Reagan, which still dominates today. You know where housing is not unaffordable? Vienna, Austria. A place where better than half the residents live in social housing. The product of a strong government and regulation.
So your theory is that housing is so expensive because of less regulation? And if we had more regulations in how houses are built housing would be cheaper?
Yes, of course. Banning short term rentals for example is a regulation that would put downward pressure on housing prices. Banning investment companies such as Blackrock, Blackstone, etc from purchasing single family homes, duplexes, 4-plexes and the like would do the same. Whereas the lack of regulation around these things has contributed to home price inflation. The idea that people are unable to afford homes because there is too much regulation holds water like a sieve.
That is hillarious, I can tell you dont know anything about how housing built. Have a great day!
It’s really frustrating that you read the comment outlining the kind of regulation that would help, yet you somehow think the only kind of regulation possible is “make houses harder and more expensive to build” and dip out of the conversation with a “wow ur dumb lol”. It’s almost as if you’ve been arguing in bad faith and have no information to back up any of your takes.
I understand your frustration but what am I supposed to say to someone that just repeats and believes ANY propaganda that their side tells them? What he said is so so far off from what reality is, its literally turned into a cult at this point.
Wait, so this entire conversation you didn’t make a single, tangible point or statement, just sarcastically asked questions doubting the possibility of their being another opinion besides your own, and when they answer all of these questions with sources and examples you run away because they’re the ones repeating what their side tells them…? And accuse them of being in the cult…
Can’t make this up folks.
Yeah, all that housing in Vienna appeared from nowhere.
But sure, you have a great day as well.