Economists and conservatives said that raising the minimum wage would cost jobs, but when Seattle raised the minimum wage more jobs were created. Does this phenomenon fit into the economists equations?Physicists say the universe can be explained by maths, but a documentary I recently watched said that not everything in the universe can be explained by mathematics, maybe because some things are far too complicated.The weather, the stock market, and even boiling water are too complicated for mathematics to describe, they said in the documentary - I guess they mean predicting where the bubbles will occur in boiling water. It seems that the economy could also be far too complicated for mathematics to fully describe. [embedded content]
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Nick Falvo writes Canada’s 2024 federal budget: What’s in it for rental housing and homelessness?
Robert Vienneau writes Precursors Of The Modern Revival Of Classical Political Economy
NewDealdemocrat writes The snooze-a-than in jobless claims continues; what I am looking for in tomorrow’s jobs report
Bill Haskell writes Monthly payments could get thousands of homeless people off the streets
Physicists say the universe can be explained by maths, but a documentary I recently watched said that not everything in the universe can be explained by mathematics, maybe because some things are far too complicated.
The weather, the stock market, and even boiling water are too complicated for mathematics to describe, they said in the documentary - I guess they mean predicting where the bubbles will occur in boiling water. It seems that the economy could also be far too complicated for mathematics to fully describe.