Aug. 22nd, 2017

On July 28, 2017, we had Open Mike in the morning. I've already reported some of it; to continue, Davepreet Jassal talked about factories in Saint Louis shutting down, and said that instead of coal, there should be bonds to not use coal. There were questions about just how this would work; I must confess that it wasn't clear to me.

Next, Dr. Polly Cleveland spoke nad said that the minimum wage is is practice only enforceable on larger businesses, and that McDonalds, Walmart, Amazon, etc. are more or less monopsonists, monopoly buyers. They pay low wages, which lead to high turnover, and thus to no unions. Higher wages would come out of land rents. She said that we don't live in an Econ 101 world, disputing the standard economic arguments that raising the minimum wage increases unemployment.

Jeff Graubart talked about Android app which displays what's in stores, where in the aisles, restaurant menus, conference agendas, etc., 900 channels. Companies will bid. I wish him luck.

Sue Wwalton made announcements, including about Cahokia Mounds, if people wanted to go. Unlike at some other conferences, we weren't going off on a group bus tour of the local sights, but if some people wanted to skip part of the conference to go, they could.

Dan Sullivan mentioned Chester, Pennsylvania, which has the worst crime statistics in the state, except for "ordinary theft," since there aren't many store there to shoplift from. Pennsylvania has a sales tax and Delaware does not, so there's a lack of businesses along the Pennsylvania side of e border; people prefer to shop in Delaware.

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