User talk:Brozhnik

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[edit] Price floor / minimum wage discussion

You are correct in saying that a minimum wage that is below the equilibrium will essentially be irrelevent. However, I think you are incorrect in saying that a minimum wage will have no significant unemployment effect in the United States because the new minimum wage is well below the average wage for non-supervisory workers. This misses the fact that non-supervisory workers is not a monolothic group. Within the group of non-supervisory workers, there are a number of equilibrium wages that vary significantly from the average, depending on the skill set of the worker. People with the skills to be carpenters, mechanics, programmers, or fast food workers will have significantly different equilibrium wages. If current wages reflect a competetive market and if some workers are currently earning less than $5 an hour, it means that their equilibrium wage is less than $5 an hour and a minimum wage of $7 will be above the equilibrium. Assuming competetive markets, a minimum wage will cause unemployment unless all workers are already earning more than the new minimum.

A quick example.... If we assume a simple economy with 2 fast food workers earning $4 an hour and 2 carpenters earning $26 an hour, the average wage will be $15 an hour. A minimum wage set at $6 an hour would be well below the average of $15, but it could create significant unemployment effects because it is 50% above the fast food worker equilibrium of $4. -- Mgunn 11:54, 5 March 2007 (UTC)


Dear Mgunn - thanks - I appreciate the comments and the tone of your post - and I think you're right to edit that part out for now; it won't be ready for prime-time on Wikipedia until I (or someone else) provides detail on how economists try to measure and calculate the equilibrium price of unskilled labor. One of these weeks ....

[edit] Ira

Please don't add irrelevant information to articles, as you did to Ira, Iowa. Nyttend 01:32, 9 September 2007 (UTC)

[edit] Statin

I have temporarily removed your addition from statin, because there are some problems:

  • You wrote it in the style of a newspaper article, not that of an encyclopedia (see WP:Summary style for some style advice)
  • The content was about the combination of simvastatin with a cholesterol absorption inhibitor. Given that simvastatin itself has very good data, this is primarily a problem with ezetimibe and would therefore belong on the latter drug's page.

Please let me know if you have any questions. JFW | T@lk 21:32, 30 March 2008 (UTC)