imo its the fact that we're so reliant on 3-4 big banks as opposed to 100 banks. if it were more decentralized, US could afford less regulation and just let companies succeed/fail on their own. can't do that in the current climate
As long as all these new payment platforms like this, apple pay, and square use credit cards, i don't really consider them that innovative. different way to skin the same cat.
also citing 4 states that raised min wage and looking at 6 month time window is pretty weak conclusion imo. in the other 9, wage just grew with inflation. more conclusive evidence with whole countries (looking at you europe) over longer periods of time to dispute this articles claims.
on another note, most people assume incorrectly that this bottom portion of earners is a fixed group of people year in year out. Simply not true. look at us bureau census data. Over half of people earning minimum wage are under 24. If you don't have skills for a job, you work for min wage, gain skills and experience so you can get better jobs. When the government makes companies pay more for these teenagers they will hire less. these would-be workers will have more difficulty gaining skills/experience.
correlation not causation. this flies in the face of econ 101. if a company has $100 budget and pay min wage of $8/hr they can have 12 employees. you raise min wage to $12/hr? they can only hire 8 people. you make human capital more expensive? more incentive to automate
is the 3-d strike zone incorporated into these calculations? i know the strike zone has width, in addition to length,height. so when you say the strike zone is more of a circle, i would contend it's a horizontal cylinder.