Quote Originally Posted by MadMojoMonkey View Post
You ignore that there are things people value to the exclusion of monetary value. You talk about everything as though human emotional responses are not a real thing which influence people's decisions. People are motivated by so much more than wealth acquisition. People are motivated by a sense of personal fulfillment, by love, by loyalty, etc. to the point where they will scoff at you if you were to suggest you could assign some monetary value to their motivations which would be the $$$ necessary for them to give up their ideals. Not all ideals can be purchased. Sure many can, and for some people, perhaps all can. However, that's not the whole story.
I have always claimed that people value things outside of that which is expressed in monetary terms.

I.e. How much would you need to be paid to completely 180 your opinions on politics? Is there any reasonable amount of money that would get you to believe act in such a way that by all appearances you believe that humans are not rational actors? Or that minimum wage is not cancerous to the economy?
Like others, I'd gladly shill for the right price.

Is there any sense in you that these are beliefs you hold out of their economic convenience and not that they are True Facts?
Like others, I believe lots of things that I don't consider demonstrated fact.

You ignore the very relevant factor that your thoughts on minimum wage have never been economically proven, but you adhere to the idea that minimum wage is cancerous to the economy anyway. This is nothing less than ignoring a relevant factor. I'm not saying that you are wrong about minimum wage. I'm saying that your level of assurance that you're right is in direct ignorance of the lack of data. At the very least, you're playing fast and loose with your definition of relevant.
It would be very foolish to act like there is any reason to think that, when all else is equal, the minimum wage doesn't reduce the demand for labor. This is the case while accounting for the fact that econometricians have not been able to demonstrate causality.