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Old 01-20-2018, 10:54 AM
 
Location: The Triad (NC)
26,855 posts, read 57,874,473 times
Reputation: 29271

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Quote:
Originally Posted by freemkt View Post
Since minimum wage pressures are...
The only pressures are pseudo adults attempting to live the life of an actual adult on the skillset of a low achieving teen.

Quote:
Any reasonable government would...
Any reasonable government would reduce the number of these pseudo adults;
especially so as the government will be their teat of last resort.
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Old 01-20-2018, 11:57 AM
 
8,021 posts, read 6,224,985 times
Reputation: 12004
Quote:
Originally Posted by jonesg View Post
They will also be getting rid of half their employees. Another unintended consequence of liberals thinking they know better how businesses should be run.
Way to go useful idiots.
Perhaps maybe giving that tax cut was a bad idea since it was supposed to trickle down to the rest of the population at least that's what Cons like yourself have told everyone.. Tell me what pay is low enough to stave off automation? $1, $2/hr? Maybe we should take away all workplace safety regulations as well.

Last edited by Ro2113; 01-20-2018 at 12:13 PM..
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Old 01-20-2018, 12:15 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
Reputation: 4206
Quote:
Originally Posted by jonesg View Post
They will also be getting rid of half their employees. Another unintended consequence of liberals thinking they know better how businesses should be run.
Way to go useful idiots.
The "useful idiots" are the ones who are easily swayed by propaganda and side with the oligarchs. In reality we are all going to face the effects of automation.

Or, if your comment didn't have anything to do with automation, then you just have a poor understanding of economics.
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Old 01-20-2018, 12:30 PM
 
8,021 posts, read 6,224,985 times
Reputation: 12004
Quote:
Originally Posted by rruff View Post
The "useful idiots" are the ones who are easily swayed by propaganda and side with the oligarchs. In reality we are all going to face the effects of automation.

Or, if your comment didn't have anything to do with automation, then you just have a poor understanding of economics.
A majority of his comments are political digs. Nothing real useful or informative other than regurgitating talking points from right-wing talk radio. I'm still waiting for an answer to my question of those who continue to believe this nonsense of minimum wage directly correlating with employment.

It's a common narrative that ignores all other factors that go into a companies decision to automate it's processes. So what wage will be low enough for workers to keep their jobs from being automated? I'm pretty sure it will be a wage where it no longer makes sense to work.
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Old 01-20-2018, 12:56 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
Reputation: 4206
Quote:
Originally Posted by Ro2113 View Post
It's a common narrative that ignores all other factors that go into a companies decision to automate it's processes.
Automation is what makes us rich. It's always been that way, we don't want to block that. And yes, soon we will experience people becoming "unemployable" at a decent wage.

The solution to the problem when we actually have one is a BI tied to per capita GDP and tech unemployment. Not that tricky or that difficult. It's particularly insane to propose that low wages are the solution, unless you like having a growing slave/servant class.
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Old 01-20-2018, 01:11 PM
 
Location: The Triad (NC)
26,855 posts, read 57,874,473 times
Reputation: 29271
Quote:
Originally Posted by rruff View Post
The solution to the problem when we actually have one...
Don't worry. We already have one: too many forks poised over the pie.

Quote:
...a BI tied to per capita GDP and tech unemployment.
Only when the capita is also tied to viability.
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Old 01-20-2018, 01:14 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
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Quote:
Originally Posted by MrRational View Post
Only when the capita is also tied to viability.
What does that mean?
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Old 01-20-2018, 01:41 PM
 
Location: The Triad (NC)
26,855 posts, read 57,874,473 times
Reputation: 29271
Quote:
Originally Posted by rruff View Post
What does that mean?
That means that the underlying problem is a devaluation of labor hours
rooted almost entirely in having more hours available than are needed (a surplus).
More capita than are economically viable.

This problem is most acute at the low/no skill levels and the lower quintiles.
It shows up at the higher levels as well and will even more as time goes on.

A basic income scheme will NOT remedy this imbalance.
If anything it's more likely to just make things worse.
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Old 01-20-2018, 02:00 PM
 
3,579 posts, read 2,019,864 times
Reputation: 3314
I'd be down for a shorter official workweek, like 30 or 35 hours.

The effects would be extremely hard to predict, as these things always are (like big minimum wage increases). But it would theoretically add a lot of leisure time for most people (to be used for good things in most cases?), increase hourly wages, etc. Some jobs would boom (anything that wasn't automated, or served leisure, or that needed staffing around the clock, etc.) while other jobs might be pushed harder toward automation for the same reasons.
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Old 01-20-2018, 02:00 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,733,092 times
Reputation: 4206
Quote:
Originally Posted by MrRational View Post
That means that the underlying problem is a devaluation of labor hours
rooted almost entirely in having more hours available than are needed (a surplus).
The devaluation of labor is a given. We aren't going to stop that, and we wouldn't want to. As human labor keeps getting devalued, the only viable option is to disperse income regardless of value.
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