There are other effects. Fast food is becoming more
automated, & this will be additional incentive to go
that route. The effects will vary greatly with location.
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15 dollar an hour minimum wage hike....... oh oh..
- Thread starter Twilight Hue
- Start date
automated, & this will be additional incentive to go
that route. The effects will vary greatly with location.
Everything is becoming more automated, including language translation and sex. So take that argument to the very end -- picture the world in which absolutely everything is automated, and zero workers are needed to produce anything. Thus, no need to pay anybody on the planet for their labour. Who will there be to purchase the products all that automation produces?
We should be cautious about hurrying
that on by unintended consequences.
Ever listen to Freakonomic podcasts?
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Look at how long it's been without an increase and ask has anything really improved?
I'd say give it a chance because the money goes right back into the door of business by people with the extra cash in their pocket.
Does Raising the Minimum Wage Increase Inflation?
I have not argued that in some places the minimum should be higher.
OK.
A lot of states have already raised minimum wage, although it varies from state to state. So, if the wage is raised to $15, it may not be such a huge or drastic jump as it would be from $7.25.
I'm not sure if the issue is so much about the "minimum wage" as much as it's about low wages in general, as well as the huge disparities in wages and salaries overall.
There's also the matter of how much a dollar actually buys these days. A lot of people who even earn above minimum wage have difficulty making ends meet, depending on their situation and family needs. Some people have to work 2 or 3 jobs. In some cases, they might be living beyond their means, although it makes one wonder why their means are so paltry.
These are the kinds of things that Congress should wonder about.
I would say it's more a matter of a living wage. My view is that, if it's a job in which a human being is required to do, then they should be paid commensurate to what is considered to be a basic living. Everyone has to eat, needs shelter, transportation, utilities, healthcare, education for their kids, etc.
As long as society still needs janitors, maid, burger flippers, bus boys, store clerks, and many other such jobs, then they have to be done by humans, and humans have basic needs. If they're considered worthless, unneeded, or superfluous, then why should any business waste money on opening up such positions in the first place?
As for college graduates, I think that can vary, depending on where one goes to college, what they study, and what kind of grades they get. But there are still incentives to getting an education, if one can afford it and get into a good school. A lot of people can't afford it - or (if they get a basic loan to their local college) they might not have been sufficiently prepared during their K-12 years and get overwhelmed by the rigors of higher education.
mikkel_the_dane
My own religion
I am not sure what you are say.
Altfish
Veteran Member
Good grief, have you not done Economics 101.
Poor people spend every last penny, they spend it locally, on feeding themselves and their children, on clothes, on housing, on transport. The money goes round and round, the economy booms and the rich and middle classes benefit as they sell them these goods.
Scrap college loans too, if you don't like them.
Despite what the GOP try to tell you, economies grow from the bottom up.
Trailblazer
Veteran Member
I never said I had, that was not the subject I studied in college. I studied geography and Spanish many decades ago and more recently I studied psychology and homeopathy. Economics is interesting but I do not have time to study everything.
Thanks for the economics lesson. I learn a lot in this forum.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
mikkel_the_dane
My own religion
Yes, some things take time. But that doesn't mean that they can't happen at all. Only that they could happen, but it takes time.
Have the book. Read it and analyzed it with my book club (we call ourselves "Remainders" we're so many old men).
Great point! If moving the minimum incrementally during those nearly 10 years had occurred, any inflationary pressure would have remainded almost unmeasurable.
Shadow Wolf
Certified People sTabber
That was me as a case manager, a degreed white collar pro, but still earning poverty wages.
And that's basically what it is. A harsh reminder that while one group gets table scraps, they get the group getting rotten leftovers pointed out and told that group is coming for their table scraps they worked so hard for.
There's a book?
I just watch the cartoons.
I listen to the podcasts when traveling.
ecco
Veteran Member
I wonder how the Governors of Alabama and Arkansas would feel when, after careful analysis, it was determined the Minimum Federal Wage for their state should be $8.00 / Hr (the lowest of all states).
I wonder how the people of California would react when, after careful analysis, it was determined the Minimum Federal Wage for Los Angeles and the surrounding areas should be $35.00 / Hr.
It seems this would open as big a can of worms as gerrymandering.