[PEN-L:1241] Lump of Labor & Jim Devine?

[eugenecoyle@xxxxxxxxxxx (Eugene P. Coyle)]

Threads can tangle.  Am I tangling things here?

Jim Devine wrote ( in PEN-L:1212 Re: Re: pen-l questions n-1 )

>valis, this is BS. The specific question I was addressing was: if minimum
>wages rise (or living-wage legislation is introduced) does it hurt
>employment? this seems to be quite relevant to workers: is the benefit of
>rising minimum wage to the working poor simply at the expense of the even
>poorer folks? This question seems quite relevant to workers of all stripes.
>If we can't help workers with the minimum wage and similar programs, then
>we have to figure out some other way to do it.

Meanwhile, Tom Walker two posts seem to address Jim's quandry, before he
raised it.  ([PEN-L:1204] the quasi-fixed factor fallacy  and PEN-L:1222]
Patriotic economics: a provocation)

So, Jim, are you on board with the lump of labor fallacy?

        Does raising wages take jobs away from the poor or cash away from
the Capitalists?  Is that your question?

        Gene Coyle