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I think it is inevitable. There is increasingly less need for human labor. Sure everyone could go out and retrain as computer scientists/engineers but there are so few positions available. There will come a time where millions upon millions of people are made redundant.
But then that minimum wage buys little to nothing.
Minimum wage already does that when it comes to basic needs especially for singles. They need housing, internet (for job applications), cell phone(let's remember this replaced landline), and food. At minimum wage, an individual just makes enough to be over poverty and because the government doesn't have graduated poverty, it is you get under or you don't get any of you are under.
Minimum wage already does that when it comes to basic needs especially for singles. They need housing, internet (for job applications), cell phone(let's remember this replaced landline), and food. At minimum wage, an individual just makes enough to be over poverty and because the government doesn't have graduated poverty, it is you get under or you don't get any of you are under.
If you are working you are still adding not sucking from others.
It is true. They are still adding. I don't have a problem with someone working needing a boost here or there.
But they need a bigger boost. Minimum wage part time employees for the entire year, is above poverty levels for single. It's harder to get on above poverty levels. The only one that allows it is Obamacare.
But they need a bigger boost. Minimum wage part time employees for the entire year, is above poverty levels for single. It's harder to get on above poverty levels. The only one that allows it is Obamacare.
And yet the vast majority of people have been able to do just that when they actually try.
It is a valid comparison. Comparing a household to any level of government is valid. When you understand Economics, you'll understand why.
This statement right here makes me wonder if you really do have a degree in economics as you claim. Seriously this is the most ignorant thing I have ever heard from someone who claims they understand economics and has a degree in it. When you do so you demonstrate a fundamental misunderstanding of how economics works.
This statement right here makes me wonder if you really do have a degree in economics as you claim. Seriously this is the most ignorant thing I have ever heard from someone who claims they understand economics and has a degree in it. When you do so you demonstrate a fundamental misunderstanding of how economics works.
Read it. Unlike households the federal government is able to roll over debt and issue its own currency. Minor details.
If you understood economics you'd understand why comparing a household to a government is foolish.
While they work differently in the end it is comparable in that in the end if you owe more than you can either pay back or people conceive you can't pay back, bad things happen.
Others aren't going to be willing to loan $1.00 to get .50 back.
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