These are different phenomena. Automation is nothing to be afraid of. There will

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Jan 15, 2021
12:06:16pm

jvquarterback All-American

These are different phenomena. Automation is nothing to be afraid of. There will

always be jobs if people want to work. That's been seen throughout the entire industrial revolution.

A minimum wage destroys jobs for the poor. That has also been the case with a price floor. A minimum wage is worse than most price floors though because it eliminates jobs that would provide an excellent education for the poor to advance to more lucrative jobs. Which 99.9% of minimum wage earners do.

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jvquarterback

Bio page: jvquarterback
Joined: Jun 10, 2011
Last login: Nov 14, 2024
Total posts: 6,809 (38 FO)

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Messages

Author

Time

Honest question about minimum wage and inflation

zerigke

1/15/21 9:32am

I think most places you would be hard pressed to find anyone paying minimum wage.

No touching

1/15/21 9:35am

Jobs I was paid minimum wage for as a kid aren't paying minimum now.

LeonMarek

1/15/21 9:37am

< 1% of the workforce makes minimum wage.

molodyets

1/15/21 9:40am

Those dang 1%ers.

Florwood

1/15/21 10:08am

It's not really about the minimum wage worker, it to force all the other wages

wabluecoug

1/15/21 9:46am

the simplest answer to your question is that its gone to the top 3 percentile

1/15/21 9:37am

Moving to a $15 minimum wage would make many of these Billionaire corporations even more powerful while crushing small

specsauce

1/15/21 9:45am

We already see this in places like Seattle and the rest of Washington. Small

wabluecoug

1/15/21 9:49am

i don't necessarily disagree.

1/15/21 9:49am

Big corporations like Amazon, Walmart, McDonalds, etc... will just cut costs by

CougarTailDevourer

1/15/21 10:02am

Don't worry, your customers will complain when you have to raise prices.

molodyets

1/15/21 10:06am

Minimum wage was never intended to be a living wage for adults. If you raise minimum wage to $15 an hour all over the US

specsauce

1/15/21 9:38am

It would crush most of rural and small town America, it would push our food

wabluecoug

1/15/21 9:42am

I think we need to detach from the thought that every job is a "living" job. Some jobs are okay for just providing...

Tokolosh

1/15/21 9:39am

Also, many union jobs are tied to minimum wage as a percent over or a dollar amount over minimum...

Tokolosh

1/15/21 9:41am

Need to detach from the idea that minimum wage should get you a 2 bedroom apt.

molodyets

1/15/21 9:41am

I'm shocked at how poor my co-workers constantly are, but they drive nice trucks

wabluecoug

1/15/21 9:44am

I think the costs of goods and materials is where a lot of money goes to,

stealth

1/15/21 9:39am

The market has mostly set its own minimum wage in Idaho starting wages

cougarfann888

1/15/21 9:43am

Agreed, Wendy's was advertising $12 an hour starting here in East Idaho.

RexIdaCoug

1/15/21 9:51am

Australia has a scaling minimum wage by age.

rtNelson

1/15/21 10:22am

Would something like that work, but instead of age, do experience/degree?

LeonMarek

1/15/21 10:38am

Not all diplomas are created equal. If you can only demand $15/hr with a bach

molodyets

1/15/21 10:41am

There should be no minimum wage. I should be able to pay someone to learn what

jvquarterback

1/15/21 10:58am

I disagree, I think there are enough people out there with a lack of skills

rtNelson

1/15/21 11:40am

I usually tell people who are for the minimum wage that they are the equivalent

jvquarterback

1/15/21 11:49am

I don't think its about harming people Its about automation and killing the low

stealth

1/15/21 11:54am

Um...have you done the math? One hour of min wage labor in 1960 bought you 2.04

delbert

1/15/21 2:28pm

From 2000 to 2020 cumulative inflation was almost exactly 50%. Meaning $100 then

delbert

1/15/21 11:37am

Saddest part of minimum wage increases, especially large ones like the expected

delbert

1/15/21 11:44am

So what do we do about it? It's coming regardless.

rtNelson

1/15/21 11:52am

These are different phenomena. Automation is nothing to be afraid of. There will

jvquarterback

1/15/21 12:06pm

Minimum wage isn't and shouldn't be likened to a "livable wage" You say people

delbert

1/15/21 2:15pm

Don’t forget that one major push for this is to increase taxable income from the

Nat Gas Man

1/15/21 12:45pm

Why do they care about more revenue with the debt and deficit increasing like

Updating...

1/16/21 1:48am

It doesn’t but it lets them sleep at night

Nat Gas Man

1/16/21 5:19pm

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