Bernie Sanders at Hoffheinz at U of H Sunday Night !!

If you love Booby so much reply to his remarks, I'm honestly at my bull**** limit for today.

 

I think this is the biggest problem in this forum, everyone picks a side and assumes the worst about the other side. Bobby doesn't think that it will make anyone poorer. He doesn't believe it will make anyone richer and it will certainly not double their income. A minimum wage job will always provide you with a minimum wage lifestyle no matter the wage, the market will adjust.

 

You need to read what he wrote.

 

Bobby quote ->

 

Sowell isn't a labour economist by training and if he wants to debate A. Kreuger and David Card (the deions of labour economics) that's fine. He's not wading in here though.

 

A massive minimum wage hike absolutely can make the poor poorer by eliminating jobs.

If you keep raising the minimum wage, these people



will become this

 

Awesome!

Eliminate low paying cashier jobs and create high paying engineering jobs to design, manufacture and maintain these machines.

 

So uh, not that this thread isn't entertaining...but did anyone else besides glynch attend UH to see Bernie Sanders?

 

I didn't wish I was there. Just a question is that where blacklivesmatter showed up or was that a different place.

 

Well that makes sense. Bobby's economics education is derived from photoshopped Facebook posts. Nice.

 

How does that help the unskilled worker that now is out of a job?

 

I was there. It was a good event.

 

There were no protesters there, thankfully.

 

Automation will outpace job replacement no matter what the wage requirements are.

Perhaps it accelerates the trend, but in no way does eliminating minimum wage stop it.

And this is across all sectors of employment and wages. Certain lawyers, lab technicians, clerks, and other service people will be obsolete in one way or another.

 

Cool. Did you get the sense that there is any growing support for him here like there seems to be in the rest of the country?

 

There is not, nor will there ever be, a shortage of minimum wage jobs.

 

A lot of people don't realize that it is hell of a lot easier to create software that scoops up and analyzes data then on-premise hardware + software that has to manage a complex set of interactions.

A whole host of white collar jobs are a hell of a lot more threatened by "automation" then anything blue collar which is extremely localized.

Case in point: medical specialists:

http://www.wired.co.uk/news/archive/2013-02/11/ibm-watson-medical-doctor

http://www.economist.com/node/21556227/

 

It was a good turnout. There were probably 5000-6000 people there. The arena was filled to capacity but they did have a couple sections curtained off. Bernie's message is that this thing cannot be won without hundreds of thousands of us stepping up and volunteering. I think it's a great message.

The crowd was quite diverse. There were a lot of young people there.

 

The fact is large, profitable corporations that limit full time hours and pay low wages costs the middle class tax payer money by shifting the burden of essential family costs to the State and Federal government. The very same people here who are against a livable minimum wage are the ones that want to limit entitlements and government services. Oddly the're usually the people that tout 'Christian Values' but somehow forget about the empathy, benevolence and selflessness parts.

I think they also forget what the life of the 'average' person is about. Usually it's paycheck to paycheck with no emergency savings, little investment for their children's college or retirement investment.

 

You know what makes poor people poorer, not raising the minimum rage to livable wage with the rate of inflation.