It'd be great if everyone acted in society's best interest, but that's an unrealistic ideal. Unfortunately, the reality is that everyone looks out for themselves. That's where I'm coming from.
Given that the average worker is dramatically more productive, I would bet that the low end workers are also more productive, although perhaps less dramatically so. Do you have data showing that minimum wage workers' productivity has not increased with the rest of American workers?
Actually, wages have kept up with inflation and you can thank the Federal Reserve, at least in part, for that.
That reality is the entire reason we have governments, to protect the interests of the citizenry as a whole.
That chart you keep posting measures output, not worker productivity. There is a difference because manual labor is not the reason for the output increase. E.g. 1 a cash register worker used to input all the price of goods by hand. Now, they just swipe the item over a barcode scanner. Labor is the same or decreased. The output is increased. E.g. 2 You have 4 self serve checkouts and 1 attending assistant. Labor is the same or decreased. The output is increased. E.g. 3 McD used to enter price manually and calculate change by hand. Now, they push 1 button for item ordered, and push 1 button for change. Labor is the same or decreased. The output is increased. E.g. 4 You used to have a person ring up a movie rental. Now, you go to a red box, or stream the movie. Labor decreased. The output is increased. Show me an example of manual labor is a reason for increase in company output. --- More output does not mean more money for the company. It generally mean lower prices for the consumers. If the company can't get more efficient in their process, somebody else will and they will go out of business. E.g. Walmart vs Target vs Kmart vs Sears vs Montgomery Wards. --- No, I don't think burger flippers today are more productive than years past. You still need to wait for the 'ding' to flip the burger or to scoop the fries. Filling up the mop bucket is still the same, mopping the floor, cleaning the restroom, taking out the trash take same amount of time.
The 13th Amendment; are you just saying things now? You realize the vacuum in which your ideology's ****ty ideas would make sense will never exist, right?
So, your opinion disagrees with the data, eh? Color me unsurprised, I will continue to believe the data.
Got to wuv libertarians. The Maoists used to have their Little Red Book.. What is the little book of libertarian truisms called? You all seem to quote from it. Perhaps it is just a program which spits out sayings based on a data base of a hundred or so abstract nice sounding words.
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Anyone want a tech job for the party that's pushing for $15/hr min wage? Here ya go. They start at $13/hr. LINK
Heh! He did a pretty good song about my old stopping grounds. A rough place called Arlington, VA. <iframe width="560" height="315" src="//www.youtube.com/embed/4T1RMuoQnKo" frameborder="0" allowfullscreen></iframe>
I saw a bumper sticker the other day that said "there is no better stimulus to the economy than a well paid writer". IOW, give poor folks a little cheddar and they'll turn around and spend dat ish.
Raising minimum wage doesn't just mean some jobs will be lost, it means that those just-above-minimum-wage jobs will have to compete with the high-minimum-wage jobs. That could be cascading effect that essential acts as a wealth transfer. Which I think would be much better than transferring that wealth when people are old and worn out.
Good article. Higlights. This week, Los Angeles became the third major West Coast city and the biggest in the U.S. to agree to raise the minimum wage to $15 an hour, an increase that will go into effect by 2020. Seattle Magazine ran one (fact free-_ my add for brevity) article with the headline “Why Are So Many Restaurants Closing Lately?,” which cited the wage increase as among the reasons.....Even more telling, permits for new restaurants are rising. So why all the hand-wringing by the business community? In short, raising the minimum wage is a wealth transfer. That is what has so many fast-food franchise owners up in arms. But why do little guys on this forum get so up in arms at this possible transfer? They don't make the minimum $500 to $750k net per McDonald's that is cited? It is moral to transfer money only upward? No matter: a well-run store can net the owner anywhere from $500,000 to $750,000 a year or more. Bigger stores can do much better, and many owners have several stores. As research at the University of California's Berkeley Labor Center found, "more than half (52 percent) of the families of front-line fast-food workers are enrolled in one or more public programs," such as Medicaid or food stamps. That compares with about 25 percent of the workforce as a whole. Right now, the wealth transfer goes in the wrong direction: from taxpayers to the owners of fast-food outlets. Boosting the minimum wage to $12 or even $15 diminishes or even eliminates this subsidy. If it forces hamburger price up by 50 cents, I don’t have a problem with that either Before I cited studies showing that with 25% costs due to labor, the Dollar Menu would cost $1.25 omg!! I have discussed the issue of how political bias corrupts economic analysis. The reporting on the minimum-wage issue is rife with it. Don’t underestimate how much economic self-interest tilts the debate. Uggh you mean the mainstream not to mention the Fox like media the little guys consume has a bias in its reporting if it involves does not involve a transfer from the little middle class or lower guys to the wealthy.??
