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Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

« Alaska's Resources are World Class | Main | Alaska's "Top 100" Companies Employ One-Third of Alaska Workers; $4.3 billion in wages »

Wednesday, July 06, 2011


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Dr. Ralp, a 'fallacious argument' would be where two untraleed things happen and you imply that there is a causal relationship, and thus, are related. Try these relationships on for size:Increase in mandated costs of labor goes up. The costs of labor is a cost used to determine the price of a product. The price of the product must go up if A) the market can bear it or B) the costs must go down if the market won't bear price increases. Unempolyment rates are high, so increased prices won't work. One way to trim costs, and therefore maintain marketshare is to trim the workforce. Don't worry, executives, middle management AND the lowest rung employees all get whacked.Seems more connected than the rooster and the sun to me.So, still not enough to convince you that they're not related? I know in another marathon comment, I had two links - one going to a list showing each state's minimum wage. Another link showed each states unemployment rate. They completely mirrored each other. The highest minimum wage states had the highest unemployment! No rocket science needed here... No shoes causing headaches or roosters making sunrises. More like gravity causing objects to fall.

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