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There are a lot of reasons for an increase in productivity. I think her premise is flawed. Increases in productivity do not mean that wages must go up proportionately. That is nonsensical. I can't imagine what her logic is. But, knowing Elizibeth Warren, collectivist that she is, and uber "Progressive" liberal idiot, she has no logic. None of these people think logically.
She is one of those idiots who knows nothing about a topic, but since she considers herself one of the enlightened, political elites, that automatically makes her an expert on all topics.
Really ? Swiping a product under a scanner, keying in the amount a person gives you and then give the change the machine tells you to give is "skill" ?
Good Lord, cashiers today would have never survived a decade or two ago when you had to key in the amount and figure out the change in your head. That cash register was not a computer that did all the thinking work for you.
The only skill needed is one working arm and the ability to read numbers and count cash.
That's accomplished by 5th grade.
I think the point is, that working a cash register takes more skills then pushing a broom. If I'm training a new cashier, and he is as dumb as a brick, I can always make him a box boy, a shopping cart wrangler, or if all else fails, hand him a broom and dustpan.
I think the point is, that working a cash register takes more skills then pushing a broom. If I'm training a new cashier, and he is as dumb as a brick, I can always make him a box boy, a shopping cart wrangler, or if all else fails, hand him a broom and dustpan.
With that I can agree. If they cannot operate a cash register though or pack a bag properly (eggs do NOT go on the bottom with a six pack of soda put on top of it..true story) that's some sad state of min wage worker capabilities.
How can you triple min wage and not triple all other salaries ?
The skilled guy that makes $22 today would still be more skilled than min wage cashiers.
So if you triple the cashier's salary shouldn't you also triple that guy's salary ?
And then if you triple all salaries wouldn't you have to triple the price of all goods/services to cover that labor cost and still make your profit ?
Has this woman thought this out beyond the min wage worker ?
It will not triple all other salaries unless the money supply is increased or the wealthy start spending their cash hoards.
She says minimum wage should keep up with inflation and trust me by your post history she's light years ahead of you.
A real wage should set the inflation rate. However as I have said, the monetary manipulation is wreaking havoc so we essentially would be trying to command the economy in two different directions. It would be akin to something like:
We need affordable housing
We need housing to increase in value
We need affordable housing
We need housing to increase in value
We need affordable housing
We need housing to increase in value
And on to lala land we go
Increasing employment will increase minimum wage via a market influence and lets not pretend that minimum wage isn't a form of tax. Its an unfunded mandate.
.....
No you see its not with a general rise in prices. The poor, by what even means they do get their money, will get more of them in the same proportion. Only if its isolated to asset inflation which is NOT a general rise in price. Called stagflation. Turing blue again.....
Isn't she adorable? Items that were once on the dollar menu are now on the $1.25 menu. How did that happen?
If the minimum wage is set to $22/hr, then tell me why an employer should bother opening up any jobs that will bring less than $22/hr of additional revenue into his business?
Raising the minimum wage will automatically eliminate any jobs that produce less revenue than that wage.
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