Minimum wage isn't meant to be a living wage (military, financial, percentage)
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You know, I never thought of that, and you are probably right. And the reason? Experience! Someone wants part time employment to suppliment their retirement, they don't care if they make minimum wage, and the employer is happy because they are getting someone with work experience.
Unfortunately this is hurting the younger generation, and may lead to more problems in the future.
If you don't get compensated, move. Ford found that paying his workers well made them more productive. That kind of effect trickles down. So people who pay decently will have better products, better customer care, and better overall profit.
But forcing everyone to pay the same minimum only raises costs for the consumer, and makes the money earned worth less.
So what do we do with low skilled workers once robotics start to take over?
Expand the social programs even more.
Isn't that what we're doing today using the excuse "No jobs to be found" ?
You can only expand social programs if you can afford to do so!
Eventually you're going to realize that running at a deficit, not spurring any innovation to have employment, and having an uneducated and low skilled workers...
We already have a service industry, but we still have very large sector of the population that need subsidizing by the government. Many of who hold part-time jobs.
We already have a service industry, but we still have very large sector of the population that need subsidizing by the government. Many of who hold part-time jobs.
Service industry can always be expanded. You do things at home, at work, or in town that could be done by service employees in those locations. It simply costs to much to hire someone with the minimum wage. So many people work for cash, off the book, or they'll only work for a certain dollar amount. More people needing employment means lower wages for service industry workers, means their employment opportunities expand.
You can only expand social programs if you can afford to do so!
Eventually you're going to realize that running at a deficit, not spurring any innovation to have employment, and having an uneducated and low skilled workers...
...WILL RUN YOUR COUNTRY INTO THE GROUND!
Well that's what all the "tax the rich" is all about.
Sure I think it's going to run the country into the ground.
But those in charge don't seem to think so.
I'm just commenting on what I see happening now.
We're not trying to move these people up; we're expanding the social welfare programs and now talking about a higher min wage.
We're bringing the middle class lifestyle to the working poor.
Service industry can always be expanded. You do things at home, at work, or in town that could be done by service employees in those locations. It simply costs to much to hire someone with the minimum wage. So many people work for cash, off the book, or they'll only work for a certain dollar amount. More people needing employment means lower wages for service industry workers, means their employment opportunities expand.
But see, in order to have that, you must get Americans used to a lower standard of living.
But see, in order to have that, you must get Americans used to a lower standard of living.
Already happening.
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