Thoughts on raising the min wage?

TurtleCat
TurtleCat

Thoughts on raising the min wage?

All urls found in this thread:
https://www.dol.gov/featured/minimum-wage/chart1).
http://www.wsj.com/articles/the-mystery-of-declining-productivity-growth-1431645038
https://www.youtube.com/watch?v=ca8Z__o52sk
LuckyDusty
LuckyDusty

@TurtleCat
Why not raise it to 1 million dollars, then everyone is a millionaire.

StonedTime
StonedTime

@LuckyDusty
I've heard worst ideas

VisualMaster
VisualMaster

@StonedTime
Please elaborate.

PurpleCharger
PurpleCharger

@TurtleCat
Minimum wage should be abolished, let the market sort itself out

BunnyJinx
BunnyJinx

Do u want inflated prices, because that's how u get inflation

New_Cliche
New_Cliche

I think it's ridiculous. Minimum wage isn't meant to be a wage to live and raise your 2 kids without support. It's meant for jobs requiring minimal effort, like flipping burgers, which is a job meant for high school and college students.

You'll get paid based on what you deserve. If your effort or abilities don't need more, well, too bad for you.

Overall, minimum wage makes this country less competitive in trade, more reliant on imports, and business owners suffer.

Stupidasole
Stupidasole

I'm strongly in favor of increasing the national minimum wage, but not necessarily an immediate jump to $15.

We're at a point where national unemployment is at the healthy 5% mark and workers are more productive than ever, but national underemployment seems endemic, so raising the federal minimum wage is an appropriate way to shift some of the profits of increased productivity. However, raising it to $15 would be a very big jolt, very quickly. Raising the federal minimum wage to $10 makes sense; the minimum wage has been around $10 in modern dollars without fucking over the economy. (https://www.dol.gov/featured/minimum-wage/chart1).

Meanwhile, states and municipalities can get their laboratories of democracy on and raise to $15 if they want.

Stark_Naked
Stark_Naked

@New_Cliche
which is a job meant for high school and college students.

That's a fantasy. There are millions of adults stuck working as burger flippers and cashiers. And if they're working 40 hours a week at the current minimum wage, then the public is left picking up the tab for their SNAP, Medicaid, etc.

Nude_Bikergirl
Nude_Bikergirl

@Stark_Naked
And you think those benefits will end because the minimum wage is raised by some arbitrary number?

Harmless_Venom
Harmless_Venom

@Nude_Bikergirl
I think raising the minimum wage will get a non-negligible number of people off entitlement programs, yes.

Sir_Gallonhead
Sir_Gallonhead

@Stark_Naked
So fucking what. I'm tired of this ridiculous logic. Social benefits don't go away, like the other guy said, because that's what's referred to as "mandatory spending". That means the number never changes. The budget is what the budget is. Besides that it account for maybe 4% of our budget. 4% to keep people from starving to death and raising the quality of life across the country to stop us from basically being Mexico or any other country that doesn't have social programs.

happy_sad
happy_sad

@Stark_Naked
They likely test as worse than highschool students as far as competency.

with more and more mechanization and automation these service level jobs are experiencing huge fluxes.

Once automated driving is a thing over 10% of the country currently employed in logistics is going to hit the market.

Supply is going to go up and Price shifts down.

Significant portions of the economy are going to contract.

Managers generally prefer to herd cats instead of kittens.

America is going to have to export tons of workers to africa or southeast asia in order to pay them competitively.

Garbage Can Lid
Garbage Can Lid

@happy_sad
Managers generally prefer to herd cats instead of kittens.

What?

Harmless_Venom
Harmless_Venom

A basic income for everyone would be far better and more cost-effective.

Then you could have that shitty minimum wage job and survive (or even a part-time job), or work in a great career and have more money to save/spend.

King_Martha
King_Martha

@Harmless_Venom
How is it more cost effective to shift the burden onto taxpayers?

You know you're like 20 trillion in debt already right?

SomethingNew
SomethingNew

@Stupidasole
workers are more productive than ever
Productivity in most OECD countries has been down since 2010.
http://www.wsj.com/articles/the-mystery-of-declining-productivity-growth-1431645038
raising the federal minimum wage is an appropriate way to shift some of the profits of increased productivity.
Productivity growth is the growth of measured output minus the growth of labor input. If you increase the minimum wage, you are actually decreasing productivity.
Minimum wage is just a mechanism created by the government so they can continue mass immigration. The fight for 15 is just a reaction to low economic growth with continued immigration.

viagrandad
viagrandad

@King_Martha
Basic income would replace other forms of welfare.

Bidwell
Bidwell

@New_Cliche
though i dont think minimum wage is the solution...

You'll get paid based on what you deserve. If your effort or abilities don't need more, well, too bad for you.

this is so much bullshit its not even funny.

you'll get paid based on who you know and how far they can propel your financial career minus how much those who are ahead of you can weasel out of it

CouchChiller
CouchChiller

raise min wage to $15
people prior to increase still making $15
everything goes up 2x in price
great work guys, great work, now back to welfare

VisualMaster
VisualMaster

@CouchChiller
people prior to increase still making $15
people prior to increase making $15 still make $15*

Boy_vs_Girl
Boy_vs_Girl

Raise it.

A man or woman employed should be able to live off their labor.

And this country can more than afford it. We gotta succeed together not leave the lower class in the dust.

takes2long
takes2long

@Boy_vs_Girl
a man or woman employed should be paid according to how much their work is worth. A minimum wage job is not worth a living wage. Also, socialism makes no sense in a country of 325 million people with different races, cultures, etc.

Methshot
Methshot

@King_Martha
For the last time, for the idiot seats, the burden on the tax payer stays the same regardless. Think of it like an automatic withdrawal. 4% of the United States budget goes to welfare programs no. matter. what. It doesn't change. It doesn't go up if more people need it, it doesn't go down if people don't want it.

Sharpcharm
Sharpcharm

Why $15? Why not make the minimum wage $1 million an hour? That way everyone can buy everything they could possibly want! We'll live in a Utopian paradise!

Firespawn
Firespawn

@Methshot
So why do they bother releasing a budget if X% goes towards whatever no. matter. what.

TalkBomber
TalkBomber

@BunnyJinx
/Thread

BlogWobbles
BlogWobbles

Discretionary spending.

LuckyDusty
LuckyDusty

After all this is Veeky Forums and to think that many people here would of read a fucking economics book surprises me.
If you increase the minimum wage umployment will rise giving the already low skilled workers even less from having no job.

CodeBuns
CodeBuns

@Sharpcharm
$15 an hour is considered the cutoff in NYC for a living wage, which is defined as when one can reasonably expect to be able to spend 1/3 of your income on housing, 1/3 on expenses, and 1/3 in savings after working 40 hours.

StrangeWizard
StrangeWizard

@CouchChiller
Because companies can rely on consumers still buying at twice the price right? LOL everyone is dumb but us right? XD

New_Cliche
New_Cliche

@CodeBuns
Why does everyone deserve to live in NYC? Why does everuyone deserve to save 1/3 of his income? Are these people shopping at Whole Foods ands buying the latest iPhone? The standard for a "living wage" is completely arbitrary.

Illusionz
Illusionz

@New_Cliche
The standard for a living wage is working 40 hours a week and being able to shop without using food stamps.
How poor are you that you think $15 and hour is a lot of money?

Spazyfool
Spazyfool

be bussiness owner
have 10 people for 10 positions
paying them a fair share of 5 dollars each
government puts gun on my head
"increase to 10 dollars or i kill you"
see my bussiness plan
decide the best course of action
fire the 5 people
pay 5 people to do same work as 10
pay 10 dollars each
5 people cannot do the job of 10 people
bussiness closes

Stark_Naked
Stark_Naked

@Illusionz
Shop where? Whole Foods?

Lunatick
Lunatick

@Stark_Naked
No, dipwad. Walmart, where 75% of all transactions are carried out with government aid.

Crazy_Nice
Crazy_Nice

@Spazyfool
ah failed business man

fire 9, pay last 15, use amortized savings to buy machine that works as hard as 20

Booteefool
Booteefool

@Lunatick
What are they buying? Shitty junk food? Because every time I see a person using food stamps at Walmart it's almost always with a cart full of overpriced unhealthy crap.

Sir_Gallonhead
Sir_Gallonhead

@Booteefool
Overpriced in comparison with Whole Foods, or even the Organic section at Safeway? I don't think so.

Soft_member
Soft_member

Putting more money in the pockets of the poorest people is the best way to boost the economy.

Poor people don't save shit and live paycheck to paycheck buying useless crap. it's the perfect way to boost a consumer based economy

everyone crying that everything else will rise in cost is mistaken. Consumers dictate the price they will pay for items. businesses either adapt to this or fail

girlDog
girlDog

@Spazyfool
user you forgot the best part
business bought out by large corporation at a fraction of the cost
can afford automation to improve operations
people complain about greedy corporations, and think that increasing the minimum wage to $20 will get back at them

farquit
farquit

@girlDog
Well, i tried to be optimistic.

SomethingNew
SomethingNew

The people asking for a higher minimum wage have no idea how the economy works on an extremely basic level. It'll be the worst thing to happen to them.

GoogleCat
GoogleCat

@PurpleCharger
min wage abolished
liberals think $15 is on the radar
corporations begin massively researching automation for the basic every day baboon job
1.43 years into research they have begun developing
2.98 years total and every job a child can do has been replaced with automation
???????
mechanics and engineers still gucci

Harmless_Venom
Harmless_Venom

@GoogleCat
I either don't get what you meant but won
t higher salaries encourage automation? With no minimum wage you could get workforce for the cheap

Lord_Tryzalot
Lord_Tryzalot

@Harmless_Venom
Harder jobs require smarter ai , approaching sentience. Thats hard.

Replacing everyone on the low end of the totem pole is the low hanging fruit

viagrandad
viagrandad

@GoogleCat
How about something like a police officer, no robot knows what to do in situations they have to encounter.

Inmate
Inmate

@viagrandad
This is stupid, half the time the police don't get it right.

Heuristic behavioural analysis
determine most probable outcome
Instruct police how to proceed.

lostmypassword
lostmypassword

@Inmate
Yeah well have you seen i-robot? Not basing my entire statement on a movie but they make a good point. A robot would go after the most likely to survive.

Techpill
Techpill

@lostmypassword
Yes but that just reinforces survival of the fittest.

Alternately they could just include a system to save the least likely to survive, as the most likely will probably be able to on their own

Methshot
Methshot

@Inmate
implying you can develop algorithmic 'hyueristic behavioral analysis' that works at or above even the most basic human level

wew

Snarelure
Snarelure

@Techpill
That's true but do you know how much information has to go into a robot for that to happen it could take years for something like that to happen. Also if this ever happened, no minimum wage, I think that the government wouldn't allow something like that to happen.

Evilember
Evilember

@Snarelure
Not only that but they have to make millions of differently programmed robots for this idea to work, it's flawed in a lot of ways.

TalkBomber
TalkBomber

@Evilember
Robots aren't required in every case.

In any case, data entry positions and anything involving simple pattern recognition will be the first to go

StrangeWizard
StrangeWizard

@LuckyDusty
thank you for your micro 101 input

Spazyfool
Spazyfool

@TurtleCat
Managers and bottom-level employees now make the same at clothing stores and fast-food restaurants
Yeah, that's gunna make everyone happy.

Only way this can work, is if everyone puts all their employees back on a 3 month probational period where they're basically told "if you don't work $15/hr worth, you're fuckin gone." and then no more tyrones working flipping burgers. Everyone will get called a racist, and then anarchy.

Nojokur
Nojokur

Most popular newspaper in my state, The Star Ledger, publishes multiple articles and editorials criticizing our governor Chris Christie for vetoing a bill mandating a $15 minimum wage
Has ads advertising jobs in their newspaper manufacturing plant starting at $10 an hour.

mfw

Boy_vs_Girl
Boy_vs_Girl

URRE$

DeathDog
DeathDog

@TurtleCat
I see minimum wages as the fastest route to Skynet coming online. You get $15/hr min wages. McDonalds says fuck you 99%'rs and we get McAutomatons serving us burgers. Before you know it Burger King, Taco bell and the rest follow suit. This in turn leads to massive growth in AI and fuzzy logic technologies to increase the productivity of the new robot work force.

20 years from now there will be no such thing as a $15/hr minimum wage because there will be no low wage workforce. There will be only survivors who exist as either part of the resistance or the spies working for skynet. The world will be in ruins. The landscape will be covered in the skeletons of dead humans and off in the distance you see a laser sight coming from the eyes of a Ronald McDonald terminator asking if you want fries with that as he crushes old skulls and bones with each approaching step.

iluvmen
iluvmen

@VisualMaster
"water is wet"
please elaborate

Ignoramus
Ignoramus

@takes2long
I don't understand this argument. You say a person should only be paid what their job is worth but all jobs are worth something.

I'm sure you love your fresh food. Who packaged it? Some factory worker I bet. I used to work at a factory and you make close to $11/h. It's hard to live comfortably on that.

Let's say every factory worker was promoted. Who is going to package our food now? Who is going to load it onto the truck? Who is going to stock it on the shelf?

If a person feels like their calling in life is to be a cashier then why not pay them enough to survive. Then let those who are smarter and more driven become educated and make more than the minimum to survive.

The problem we have is the fuckers who are the CEOs making 10,000% more than everyone else and hording all the money.

The real problem is the enormous wage gap between the absolute richest and the poorest.

Stark_Naked
Stark_Naked

@Spazyfool
They need to just increase pay EVERYWHERE. We have yet to adjust to the amount of inflation that is ever increasing. I'm sure you noticed portions getting smaller and prices becoming higher yet we all still make the same amount of money.

It's not coincidence that shit is so expensive nowadays.

Evil_kitten
Evil_kitten

@Nojokur
Cristie Kreme is a washed up fatboy who needs to wrap up his term quick

happy_sad
happy_sad

Ideally American citizens should be able to work any minimum wage job and be able to live a reasonable life. This is the level of luxury we are pushing for as a whole. We want every last mouthbreather to reproduce and buy more shit. I dont know why anyone would be against this unless they are getting wage anxiety because they already make 15 after years of climbing the mcdonalds ladder.

haveahappyday
haveahappyday

@Ignoramus
The real problem is the enormous wage gap between the absolute richest and the poorest.

The real problem is that the poorest have no leverage and can't accumulate any - everything goes to rent,food, booze and tv. Bread and circuses.

SomethingNew
SomethingNew

@Stark_Naked

Increase pay everywhere? That would increase companies' costs and they would raise prices in response. This literally will cause inflation.

5mileys
5mileys

Jobs people can't live off shouldn't exist. If you can't afford to sustain a person then you should do it yourself. And people are stupid enough to take underpaid jobs, so those people should be protected against themselves.

But people should be able to live off 9 or 10 dollars per hour.

iluvmen
iluvmen

@5mileys
I mean realistically, if you can't even earn your own wage of 1500 dollars after working for a month than you're spending your time on work that isn't economically viable. It's a waste of time doing that.

Playboyize
Playboyize

Illegals in America are able to send their kids to college while making $3 an hour without getting welfare checks
Tyrone working at Mcdonalds making miminum wage and getting welfare checks says he can't live because he can't afford to pay for his Samsung G7 and designer sneakers.

Gigastrength
Gigastrength

Real answer: because niggers and white trash would still be poor and beg for more gibsmedat, it's their fundamental lack of economic knowledge that fucks them; not the difference between 9 or 15

Methnerd
Methnerd

Raise the minimum wage then stop the practice of tipping.

Soft_member
Soft_member

@Playboyize
You highlight the real problem in America. Financial responsibility. Instead of throwing money at the poor and trying to raise the minimum wage, we need to preach the concept of living below our means. Our culture is littered with the glorification of bling and the items that cost more are often automatically considered the best. Also, pretty much every generation going forward has a severe deficiency in retirement savings. And this crosses all races and economic diversities. You WILL live a better life and be happier in the second half of your life if you don't buy them new Nikes or expensive ass purses, iphones, golf clubs etc...

The other thing is, I think increasing minimum employment is a bad move and will just lead to increases in the cost of living, leading to the desire for another increase. That said, I don't necessarily think the free market has handed this well. If increasing the minimum wage is bad for the economy because that increases the cost of production and leads to inflation, we need to acknowledge that capping executive income would not affect the economy adversely. The top income earners are not spending most of their income as the bottom earners do, so their income does not help the economy in proportion. Cap executive pay to something like 100x the lowest paid income worker's pay to as high as 147x as high(the ratio in Germany in 2013). The downside is the idea of losing "talent" in management, but if its a government regulation, I don't see that as an issue. Not to mention, there will always be someone gunning for those top positions whether if it's 2000x the lowest paid employees of 147x.

I firmly believe if we teach our population how to save AND put some sort of cap on executive pay or somehow tie that to a ratio to lowest paid employee wage, quality of life will improve in the US and the middle income bracket could grow one more.

5mileys
5mileys

there should be no minimum wage imo. Let the market sort it out.

lostmypassword
lostmypassword

@iluvmen
@5mileys
Jobs you can't live off of shouldn't exist

It's not like the 15 - 18 y/o group had a hard enough time getting employed or anything.

Poker_Star
Poker_Star

@Playboyize
Inaccurate anecdotes
never change /pol/acks

Methshot
Methshot

@TurtleCat
doesn't matter, the actual problem with poor people is that they don't know what they're doing in regards to finance

think about the phrase "the rich get richer and the poor get poorer". do you think, just maybe, there may be a reason for this beyond "durr they have connections n shieet gib benefits white man"?

the rich know what they're doing, the poor don't. that's literally it. you give a billionaire 5 dollars and tell him to turn it into 50, he'll do it. you give a poor guy 5 dollars and tell him to turn it into 50 and he'll come back with 5 cents and a packet of chocolates.

raising the minimum wage to 15 will just raise unemployment by cutting off jobs worth below 15 dollars, and people will go onto welfare as a result

then people on welfare will vote for politicians who support welfare (democrats most of the time), they'll get voted in, welfare will be made more powerful, and as a result more people will go onto welfare and stop working

if anyone here has read economics in one lesson you'll understand my point, but i'll paraphrase a bit of the book for people who haven't:

having welfare policies makes people less likely to work because instead of working for their full pay, they're now effectively working for the difference between unemployment benefits and the minimum wage. if unemployment benefits are (say) 7 dollars an hour compared to the minimum wage of 15 dollars an hour, people will now effectively be working for 8 dollars an hour instead of 15, as welfare functions as a base level of income that's easy to get

cut off welfare, let anyone crying about it starve to fucking death, and teach finance and economics in school instead of encouraging kids to take LSD and fuck eachother. the problem will be fixed within 30 years.

PackManBrainlure
PackManBrainlure

@Stupidasole

your $15 /hr fast food employees are easily replaced, son.

TalkBomber
TalkBomber

@5mileys
Define "live off" and "sustain a person". You can probably feed and shelter yourself for like $500 a month.

ZeroReborn
ZeroReborn

@PackManBrainlure

I can't wait until we have efficient payment machines and waiterless casual restaurants like they've been using for decades in Japan.

Fuck You unskilled $15 menial labor.

You'r ignorant, uneducated ass is entitled to jack shit.

eGremlin
eGremlin

Union Labor
"I'mma strike and hold your business hostage until you give in to our Union demands for arbitrarily set labor prices!!!!"

Jeff Bezos:
lollololololololololololololololololololololololol

:middlefinger:

Techpill
Techpill

Abolish a federal minimum wage all together, let employers and employees compete for wages. In theory, it'll reduce on-the-job shirking, increase productivity, and thus rewards

Sharpcharm
Sharpcharm

The only businesses that would be able to afford a minimum pay of 15/hr are the ones already well-off

SniperWish
SniperWish

@TurtleCat
RETARDED... Learn how the market works. The only way to make it work is to seal both sides. If you raise minimum wage either the product price will go up or people will hire less people. You have to close all the holes so that employers cannot put the money anywhere else.

Raise minimum wage, manually control product price, force rich to give up their margin. But rich people make the laws so they make sure you never have the option of this solution.

Remember that raising minimum wage will never change the market.

JunkTop
JunkTop

@PackManBrainlure
This makes my dick hard.

I can't wait until it becomes super cheap to replace cheap labor with robots. It'll spark a whole beautiful shitstorm of people whining online about how companies won't pay them $10 to scan items anymore.

Stupidasole
Stupidasole

@JunkTop
Which tech companies do I invest in for machines that literally flip burgers and deep fry chicken tenders?

Nude_Bikergirl
Nude_Bikergirl

@TurtleCat

Better to strengthen the unions and increase the unionization rate.

That's what we do here in viking commieland, and it works rather well.

Sure, you can get shit jobs that only pay 13-15$ an hour, but better jobs pay more, and there are all kind of deals where you get better salary for working in evenings/weekends/etc

But this only works when you have tax laws that steal from the rich, so they are better off reinvesting in their companies and making jobs instead of recieving ridiculous salaries they only pay 20% effective tax on due to loopholes and sneakiness

Methnerd
Methnerd

@Stupidasole
"Unemployment" is as much of a fantasyland, meme statistic as it's ever been, familia.

Snarelure
Snarelure

@Stupidasole
unemployment is at the healthy 5% range

Fucking lol @ the cope on this board

Emberburn
Emberburn

@Sir_Gallonhead
Overpriced compared to bulk purchases of grains, rice, beans, frozen chicken, and frozen vegetables

TalkBomber
TalkBomber

@Snarelure
This.
board full of bitcucks
major cope

whereismyname
whereismyname

@TurtleCat
12$ sounds much reasonable compared to 15. i worked a min wage job and it SUCKS. i only got 9.25 and worked 24hours a week. pay was every 2 weeks so the check was around 42 hours. they dont pay much and dont give much hours so people dont get any benefits like medical. i used too disagree with 15$ a hour but once i was in their shoes i understood their cause.

these jobs are good for someone in school for example but NOBODY can make a living off of this. most of you wont even understand. try making it with only 320$ like i did for 2 weeks. thank god now i'm in a much better job. some min wage jobs are a lot of hard work for very little pay.

farquit
farquit

@TurtleCat
thoughts on socialism?

askme
askme

@whereismyname
what is livingnwith roommates
what is cooking your own food instead of getting takeaway every day
what is refraining from buying the newest shiny gadgets as soon as they come out

Deadlyinx
Deadlyinx

@askme
when my old job fired me i needed a job and i took a min wage right away. worked there until i was able to find another. i needed to pay car, car insurance, rent, school loans, credit cards, daily expenses, etc

Sharpcharm
Sharpcharm

@Deadlyinx
minimum wage
school loans
Majored in basket weaving did ya?
Also
credit card debt
Cmon, son.

Skullbone
Skullbone

@askme

lol what, do some computations friend.

RumChicken
RumChicken

@LuckyDusty
It is sad that there's people that actually think like this.

Raising minium wage it is more a tool to gather votes, than an actual solution to the workers' economic problems.

ZeroReborn
ZeroReborn

@Skullbone
Just stop living in California.

Nojokur
Nojokur

original minimum wage was around 25 cents
it's now $7-8 in some places, and up around $10 in others
no global economic meltdown despite being raised hundreds of times
not even a noticeable increase in unemployment following an increase
can't even name 5 jobs that don't exist anymore due to higher minimum wage making them unprofitable

who would've thought that who people complain about minimum wage are more concerned with ideology and dumping on people they view as beneath them than statistics and evidence

Stark_Naked
Stark_Naked

@Sharpcharm
my old job payed me 21$ a hour. i worked as a auto mechanic at the time. new owners fired the old workers to bring in their own people. i got paid out when i was fired so i was able to keep afloat for a while

CouchChiller
CouchChiller

@Nojokur
I don't suppose those figures take inflation into account.

whereismyname
whereismyname

@Nojokur
It's noticeable that a loaf of bread now costs $3 instead of 2c and a house 300k instead of 3k.

SniperGod
SniperGod

@Nojokur
This is how bernie bots actually think

Emberburn
Emberburn

@TurtleCat
hey cool are we doing this thread again? :) im all for raising the minimum wage to the 9.75-10.10 range

Evilember
Evilember

@BunnyJinx
a lot of economists disagree with you

Firespawn
Firespawn

@New_Cliche
Minimum wage isn't meant to be a wage to live
Ya. Thats actually exactly why it was invented lol

SniperGod
SniperGod

@happy_sad
the economy is going to contract
how out of touch with reality are you?

TalkBomber
TalkBomber

@King_Martha
why would raising minimum wage cost the taxayers money?

WebTool
WebTool

@takes2long
socialism
please stop throwing that word at opposing viewpoints you disagree with because it sounds edgy

StonedTime
StonedTime

@LuckyDusty
unemployment would remain the same. why would it change? its not like employers are hiring unneccesarry workers for the fun of it

VisualMaster
VisualMaster

@New_Cliche
ya poor people should just buy a house somewhere else!!

BinaryMan
BinaryMan

@Booteefool
people who dont pay for food buy overpriced food
wow shocking discovery

FastChef
FastChef

@SomethingNew
ya im sure those nobel laureates with econ phds have no idea how the economy works on a basic level. if only they lurked more

PurpleCharger
PurpleCharger

@eGremlin
this. the argument is over. all the minimum wage supporters are doing now is beating a dead horse and screaming like poncy tumblrinas. it promotes entitlement mentalities, illogical thinking and it vastly skews value. it's an absurd and silly idea. get the fuck over it

Fuzzy_Logic
Fuzzy_Logic

@haveahappyday
are circuses a big expenditure in your country?

Stupidasole
Stupidasole

@Playboyize
this is false. nobody can live on 3 an hour without help. impossible

Spazyfool
Spazyfool

@5mileys
like it did for india right?

Dreamworx
Dreamworx

@Methshot
poor people are stupid
just stop being poor lol git gud
let people starve to death
you should run for office on that platform

Fried_Sushi
Fried_Sushi

@TalkBomber
where the fuck do you live where rent is that cheap? a cave?

Need_TLC
Need_TLC

@ZeroReborn
i love how you all keep using robots and automation as your ace in the hole. like mcdonalds is just sitting on this technology that will save them literal billions and theyre just like "its cool ill pay humans 8... but not 9"
wtf is wrong with you?

Harmless_Venom
Harmless_Venom

@TurtleCat
If you are policy maker and think about minimum wage you must be very careful. No one can explain better than this guy: https://www.youtube.com/watch?v=ca8Z__o52sk

Lord_Tryzalot
Lord_Tryzalot

@PurpleCharger
yes. every person in america should be a college graduate or skilled labor. who needs janitors or fry cooks. brilliant insight

haveahappyday
haveahappyday

you guys suck. last thread was 10 times better.
@Harmless_Venom
at this dude quoted a decent source. better than most of you shitbrain faggots

idontknow
idontknow

@TalkBomber
read the reply chain before you shit out 20 replies in a row you fuckin drongo

Playboyize
Playboyize

@idontknow
no

Techpill
Techpill

@Evilember
What like this guy?

Carnalpleasure
Carnalpleasure

@Techpill
ya he disagrees with you too. But I was talking about ones that were alive and respected american economists

Illusionz
Illusionz

@PurpleCharger
americans are dumb enough to work for 1.50 an hour

idontknow
idontknow

@Need_TLC
but thats exactly how it works. corporate beancounters.
how much cheaper will the day to day costs of automation be than the current cost of human labor?
what are the upfront investment costs?
what will the cost of blowback be (legislative, public opinion, etc)?
it's guaranteed that for as long as human labor is cheaper than automation's daily cost + upfront cost + perceived risks that they wont be doing it. they will take the leap the second labor costs go up.

RumChicken
RumChicken

@idontknow
Youre living in a fantasy world friend

New_Cliche
New_Cliche

@eGremlin

butttt..... but.....

you need people to run those warehouses!!!

expensive people!! the more the better!!!

labor union mentality

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