tag:blogger.com,1999:blog-2830084253401570472.post8248123553262534630..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Check my sourcesEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2830084253401570472.post-75959108635044413872011-06-13T08:44:31.290+12:002011-06-13T08:44:31.290+12:00I think your car/worker analogy is spot on.... and...I think your car/worker analogy is spot on.... and it also illustrates a mindset problem that we have where a car is subconsciously seen as a desirable thing to have whereas a job is viewed more as an example of some evil capitalist bastard taking advantage of someone. Its a typically socialist point of view and it is ultimately very damaging to society's image of the value of work.Dave Mannhttps://www.blogger.com/profile/15264331694328629975noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-51437499446241627082011-06-11T01:49:48.968+12:002011-06-11T01:49:48.968+12:00@V: Yup, in the medium to long term, capital repla...@V: Yup, in the medium to long term, capital replaces labour when relative price changes.<br /><br />@Bill: YesEric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-80675425830116680332011-06-10T14:51:20.872+12:002011-06-10T14:51:20.872+12:00One aspect of this I haven't seen debated in N...One aspect of this I haven't seen debated in NZ is how the number (or more accurately the percentage) of workers on minimum wage affects things. <br /><br />When only a handful of workers are on a minimum wage the employment effects would be quite different to when a sizeable slice of the workforce is on minimum wage. I suspect NZ falls into the second camp.Bill Bennetthttp://billbennett.co.nznoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-60103659631442495092011-06-10T14:31:00.690+12:002011-06-10T14:31:00.690+12:00I know this isn't scientific, but I use the Pa...I know this isn't scientific, but I use the Pak 'n Save benchmark. The place used to literally run off probably the 14 to 18 age bracket worker with supervisors who were obviously older. Go in there now and there seem to be many more older workers. Also the trolley boys have been reduced by using those automated movers.<br />Would be interesting to see their actual data to see if this is anything more than anecdotal.Vnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-28778700956045005912011-06-10T08:35:31.306+12:002011-06-10T08:35:31.306+12:00US estimates suggest most of the effect is job kil...US estimates suggest most of the effect is job killing rather than displacement to older workers.Eric Cramptonhttps://www.blogger.com/profile/15831696523324469713noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-31364293968429666352011-06-10T08:27:19.395+12:002011-06-10T08:27:19.395+12:00Eric, is the research on minimum wages even releva...Eric, is the research on minimum wages even relevant in this case? A blanket increase in the minimum wage makes it a question of the relative returns on labour vs capital, which are tricky to gauge and can change over the economic cycle, so it's hard to come up with a counterfactual. The youth minimum wage, on the other hand, makes it a tradeoff between young workers and slightly older workers, which is a much simpler proposition. <br /><br />A friend stumped me recently by asking when was the last time I saw a teenager running the checkout at the supermarket; I'd never thought about it until then, but I suspect it's been a year at least.Miguel Sancheznoreply@blogger.com