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This notion that those basic jobs would all still exist is simply not accurate.
For sure even China uses some automation, but the jobs that still do exist, exist THERE, NOT HERE. Here the only low end jobs are McD jobs that pay diddly and dont usually give regular 40hr work week. Nor cooperate with scheduling for employee's need for second or third McD job to make a living. This with rents rising exponentially as the greedy decided we need another bubble in economy.... Rule of thumb, house of stacked cards is prone to collapse. So is an economy built of stacked cards. We have an economy dedicated to wealthy skimming off the cream and sending the skim milk over seas.
They already do this in droves. working more than one job and trying to squeeze in classes when they aren’t working, sleeping or taking care of their families.
This idea that they can press a magic button and assimilate/know perfect English overnight is mostly through a lens of ignorance.
Maybe in your area but certainly that is not the norm!
HJ99 and Damba, all USA wages may in their entirety, may not account for the majority of USA’s GDP. But the 40% of them earning the lowest wage rates are of consequences to our nation’s economy. Due to their poorer earnings, they directly and indirectly are negative contributors to our governments’ entire budgets. To the extent that we have less regard them and their conditions, we do so at our own economic and political peril.
[Due to employers’ wage differential practices, minimum rate’s effects upon the 40 percent of U.S. employees earning the lowest wage rates, range from critical to substantial.
How many persons, or what percent of that 40 percentile of USA’s low-wage earners earn precisely $7.25 per hour is of little interest to economist, and of concern only to those workers and their dependents. Posters to this thread limiting their discussions only to those earning the precise minimum rate are at best mistaken, or they’re deliberately understating minimum’s rate’s economic effects.]
The low-end of the wage spectrum has seen the most in terms of raises over the past 3 years. The implementation of local minimum wages above the federal minimum wage has contributed to this, but the vast majority of the wage increase at the low end is, of course, due to the hot economy and tight labor market.
At the end of the day, James Carville was right when he said, "It's the economy, stupid." We are in the 10th year of an economic expansion and there is no reason this good economy can't continue for the foreseeable future. There is no hint of recession of recession on the horizon.
The good economy is raising the wages of those at the bottom.
Due to employers’ wage differential practices, the minimum wage rate’s effects upon USA’s lowest earning 40 percentile of employees’ wage rates, range from a critical to a substantial portion of their jobs’ wage rates.
Minimum wage’s insufficient purchasing power is detrimental to the purchasing power of the median rate. Our middle-income bracket’s economy cannot be robust, if our minimum wage rate’s purchasing power’s poor.
Respectfully, Supposn
By 'poor minimum' I assume you mean low minimum wage.
The minimum wage as currently implemented in the US declares a fiat level under which wage rates become illegal. You can't help low wage workers just by declaring such a fiat. To actually help them you would provide subsidies, as is done with agricultural prices supports. Generally you don't get something for nothing. The fiat minimum wage is a something-for-nothing scheme..
Denmark and Sweden have NO minimum wage. But they also have heavy unionization, so that workers have professional negotiators in their corner to negotiate a reasonable wage for them.
Why are you starting multiple threads on the same topic, then quoting yourself across those threads?
I'll tell you why:
Don't expect him to ever post a single shred of evidence to support any of his ridiculous claims.
On a thread on GDP, he couldn't even find the US government website that provides GDP data.
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