Canadian among three winners of Nobel prize for economics

David Card, a Canadian economist based in the U.S., is one of the three winners of the 2021 Nobel Prize for economics. Heather Butts reports.


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[jayvous]

the economy is not doing well by the way

[kvayakkath]

Wonder what starting bid for nobel prize was.. 🤔

1...2...3...and sold to this guy!
😆

[MrVictoria]

Great economics. Gas prices through the roof.

[thebottles]

Well educated economists have predicted 12 of the last 4 recessions.

[hannahanna]

Wow commonsense get you Nobel prize. What a sensational news ! Nobel must turn in his grave right now.

[granmabern]

For SURE he doesn’t work for the govt!!!

[douglasdebaets]

If they pay the employees a living wage, they will become clients.💲

[jeremyjonesone]

the Walmart in cold lake just dropped its maned checkouts to 4 and now they have self checkout to 19, and they have been doing that since the $15 hike here. so the times have changed since 1992.

[goodmorning]

Bravo for Canada....country with only 37 millions citizens....USA 329 millions citizens

[koolerpure]

so all he did was point out something obvious and got a nobel prize for it?

[patrickpoppy]

Excellent, Trudeau government back at it with great work!

[SvenK-CAD]

now ask them about the 1 Trillion dollars in dept. ?

[garygagnon]

So he won the No-bel Pizza Pizza Prize.

[bunnylove]

Why did a professor need to prove this??? These giant businesses are rich, they can afford to pay all their employees better if they didn't mind making less profit personally -.-
Like I want to know what exact mind breaking research was done, and if the minimum wage will even go up after this "discovery"

[kaywatson]

Suddenly I remembered Dr. Sheldon Cooper and Dr. Amy Farrah Fowler characters from The Big Bang Theory TV show.

[dirteafairy]

The only way to get out of minimum wage is to comply to the programming.
Being less educated has its rewards.

[RalphieMaysGhost]

No employer owes their employees anything. If you want the job at the wage offered: take it. If you want more money: dont take it. I dont understand who the Minimum Wage protects.

[EHB]

Glad for you Mr. Card, well done indeed!!

[oecypher]

So I'm walking down the street like a few months ago and I pass by a rotisserie and in the window display there was a chicken for $13 a few months passed by minimum wage went up I passed by that same rotisserie shop and that very same chicken is now $15 so what I'm trying to say here and show you by example is that as long as you keep working for the minimum wage you will always struggle this game is orchestrated in such a way that the moment you get an increase in pay should result in bettering your lifestyle but that's not the case because the moment you get that raise increase the stores you shop at will increase their prices ultimately meaning you didn't get any wage increase that increase in your wage just went to their pocket instead of staying in your pocket and growing that bank account for yourself I do believe that we need a price cap on certain consumables if not most consumables