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Some economists. Like any other human institution, there are people who are both incompetent and immoral within the field. Like any other field attached to significant wealth and power, there are people who are happy to sell out for any politician or businessman who will fund their grants...

...Is your wording funky here, or do you really think nobody in the field of economics is capable of considering the possibility of 'things going badly wrong' in their work?

...I'm honestly not sure if this is parody or serious?

"this paper finds that the 1966 FLSA increased wages dramatically but reduced aggregate employment only modestly. However, the disemployment effects were significantly larger among African-American men, forty percent of whom earned below the new minimum wage in...

It's their own conclusion. I'm not quoting it out of context at all.

Thanks for linking the paper directly. Now, did you read it? Because there's this very important sentence in the opening abstract: " Exploiting differences in the “bite” of the minimum wage due to regional variation in the standard of living and industry composition, this paper finds...

That's a nice claim they make, but the actual body of the article requires an account on their site, and the summary doesn't actually demonstrate the assertions made here. When we look at the actual relative unemployment rates though: https://www.macrotrends.net/2508/unemployment-rate-by-race...

So yeah, I watched the opening on both of these. The first only took 1:10 to get into the lies and nonsense, the second I got 2:18 into before it became clear that this 'conservative' was just reiterating standard leftist propaganda nonsense. The second just dropped a bunch of leftist...

Over-saturation of academic credentialing certainly plays a part. Especially how it's connected to massive debt. More than that, though, the cultural obsession with academic credentialing has both driven the excess of college students, graduates, and requirements for degrees.

Raising the minimum wage raises or stagnates unemployment, and makes it harder for low-skilled people, especially young people, to enter the workforce. Here's one of the world's greatest economists talking about the subject:

This is exactly how it is supposed to work. If a company isn't paying you enough for what they want you to do, don't work for them, and then they go out of business if nobody will work for them. In order for it to be a free market, the exchange must be voluntary on both ends. Bluntly put, if...

Why would we want to hurt poor people, small business owners, and the economy at large like that?