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Let's be honest. Peter Schiff predicts hyperinflation because of our debt level, not because of minimum wage increase.
Correct. Schiff knows, for instance, a few million jobs as cashiers are doomed. Plus the fast food joint of the future would be fully automated. McD's has one in a test center in Illinois. Should require no more than 2 employees at a time total. Monitoring machines.
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Originally Posted by BobNJ1960
Correct. Schiff knows, for instance, a few million jobs as cashiers are doomed. Plus the fast food joint of the future would be fully automated. McD's has one in a test center in Illinois. Should require no more than 2 employees at a time total. Monitoring machines.
Why are Schiff's gold and silver predictions ALWAYS wrong then if "he knows"
I always thought conservatives believed local control was always best? More hypocrisy from the right. Similar to their supposed principles defending individual personal liberties while proposing laws restricting the actions of many.
Neither should the 5 day work week. Or OSHA. I mean, really? Who needs to eat? Or keep a roof over their head? Or not get their leg cut off in an accident.
I always thought conservatives believed local control was always best? More hypocrisy from the right. Similar to their supposed principles defending individual personal liberties while proposing laws restricting the actions of many.
How has local control of housing and zoning policy worked out for minimum wage workers, besides all the protests for a higher minimum wage?
I'm not sure where I stand on this, but it does seem to contradict traditional conservative thinking of keeping government local.
I could see this ending up in a federal court. Does the state really have the right to mandate the minimum wages of a city or local government?
Missouri minimum wage is higher then federal minimum wage, but not much.
Cities and counties derive their powers from state government - they have only the powers the state gives them. Usually a state will give cities and counties certain broad powers and then "ban" the ones the state doesn't want local governments to exercise.
So if a state passes a law saying cities and counties cannot do X, there usually is no federal issue.
I support a modest MW that is not meant to serve as a living wage. That would leave MW employees as mainly 16 year olds getting valuable training, while earning date money. The present $7.25 seems right in line for that purpose.
Mid career employees should strive for more than burger-flipping jobs.
The people protesting for a higher minimum wage are not teens, they are adults trying to live on that wage.
What do you tell adults trying to live on minimum wage?
Hint: There is an underlying problem which makes it hard to live on minimum wage. Because a higher (or lower) minimum wage does nothing to resolve the underlying problem, there will never be a minimum wage at which the protests stop.
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who are constantly predicting hyperinflation
