Finally an article that puts numbers to the argument of Min Wage

   / Finally an article that puts numbers to the argument of Min Wage #41  
Listen, Big Business, Little Business, it doesn't matter. It is a poor business model to employ unnecessary positions at any wage. Businesses are not charities. Their goal is to make products or provide services that people want and feel they need for the least amount of money and the most amount of profit. The two biggest costs to most businesses are labor and materials. Automating processes to reduce labor costs and reduce waste of materials is vital to a business's survival. Because if you, as a business owner, don't do it, someone else who is hungrier will figure out how to do it for less. That's how the world works. ;)
 
   / Finally an article that puts numbers to the argument of Min Wage #42  
Listen, Big Business, Little Business, it doesn't matter. It is a poor business model to employ unnecessary positions at any wage. Businesses are not charities. Their goal is to make products or provide services that people want and feel they need for the least amount of money and the most amount of profit. The two biggest costs to most businesses are labor and materials. Automating processes to reduce labor costs and reduce waste of materials is vital to a business's survival. Because if you, as a business owner, don't do it, someone else who is hungrier will figure out how to do it for less. That's how the world works. ;)
There is a reason McDonalds and others have automated fillers for their drinks. Every cup gets the same amount of soda that way...

Aaron Z
 
   / Finally an article that puts numbers to the argument of Min Wage #43  
The best way to help the poor is to make them uncomfortable in their poverty–– Benjamin Franklin

We have created a society of professional victims who feel they are OWED a decent life. For them, a government that will legislate theft (income redistribution) on their behalf is just dandy.

Everyone has the right to the pursuit of happiness. they do not have the right to have that happiness provided by others - especially as the result of government force.

Don't like minimum wage? Work harder! Get an education! Speak proper English! Pull up your pants!
 
   / Finally an article that puts numbers to the argument of Min Wage #44  
Automation is another factor in wage levels. Automation has taken over a goodly number of what were decent jobs all across the skill level spectrum.

More jobs could be automated and I suspect they will be.

Forum moderation could be automated. Just scan for the no-no words and the density of key words with a rich emotional or political content-- ZAP! :laughing:

A robot lawyer could create a legal will by asking a few relevant questions.

Your coffee doesn't require a barista. We've had buttons and knobs for ages now.

I could see an automated Fry-o-later tied to the order input system complemented by daily 5 min. interval sales histories.

I think eventually, if not already, we will have a surplus of capable people with no useful way to employ them. Switzerland already held one national referendum on implementing a "universal wage" that is not tied to employment.
I fully agree. Not enough good paying jobs left. Factory automation and cheap imports are killing the middle class. Efficiency only means more money in the pockets of owners and does nothing to create jobs or keep people employed. Capitalism will be the death of the country.
 
   / Finally an article that puts numbers to the argument of Min Wage #45  
I Capitalism will be the death of the country.

Oh my .... I can't respond to this lunacy in an effective manner because it would surely be against the rules to provide you with an education.
 
   / Finally an article that puts numbers to the argument of Min Wage #46  
Oh my .... I can't respond to this lunacy in an effective manner because it would surely be against the rules to provide you with an education.

:thumbsup:
 
   / Finally an article that puts numbers to the argument of Min Wage #47  
Oh my .... I can't respond to this lunacy in an effective manner because it would surely be against the rules to provide you with an education.

Good evening.

I'm thinking the game of Monopoly offers some insight to pure capitalism and why no nation practices it.
Your beginning dollars could represent the common resources most everyone begins with.
The $200 for passing go is like a wage.
The cards you draw are a mix of good and bad things that happen to you.
You make some good, bad, risky, not risky enough choices as to what you spend your resources on.
The dice are good to you sometimes, bad others--sort of like life's ups and downs you have no control over.
The game always ends with the same result--the losers have nothing but debts, the winner has lots.
The winner can gloat a bit and call it all skill and overlook the luck--which might be true--or not.
The losers blame it on bad luck--which might be true--or not.

There are degrees of capitalism. I think Pirate means capitalism taken to extremes will be the death of the country. I'd have to agree. Any "ism" taken to an extreme has an excellent chance of ending poorly.

I will never be convinced that people exist to serve any economic "ism" system. That is 180* backwards. Don't waste keystrokes trying. :laughing:
 
   / Finally an article that puts numbers to the argument of Min Wage #48  
I fully agree. Not enough good paying jobs left. Factory automation and cheap imports are killing the middle class. Efficiency only means more money in the pockets of owners and does nothing to create jobs or keep people employed. Capitalism will be the death of the country.

So you're for communism??? Offer some solutions other than 'owners of factories owe society jobs.'
 
   / Finally an article that puts numbers to the argument of Min Wage #49  
Good evening.

I'm thinking the game of Monopoly offers some insight to pure capitalism and why no nation practices it.
:

Capitalism - an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

I'm confused why you would choose "Monopoly" as an example of a much larger scenario - Capitalism. As you pointed out, Monopoly is designed to destroy your competition. In capitalism, the point is to do your "one little piece" of enterprise better than your competition. In this scenario, many players survive - serving many and providing employment for many.

Further, monopolies are pretty much a thing of the past - except for government. It has reserved for itself the power of running monopolies and ponzi schemes.

To revisit an earlier erroneous statement - "capitalism will be the death of the country" - quite the opposite is true. It is "income redistribution", the government enforced theft of wealth from producers, that will be the death of the country. Of course, this is the goal of those who encourage this line of thinking. The fact is; Marxism may be popular at the White House but it is the antithesis of America.
 
   / Finally an article that puts numbers to the argument of Min Wage #50  
Capitalism - an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.

I'm confused why you would choose "Monopoly" as an example of a much larger scenario - Capitalism. As you pointed out, Monopoly is designed to destroy your competition. In capitalism, the point is to do your "one little piece" of enterprise better than your competition. In this scenario, many players survive - serving many and providing employment for many.

Further, monopolies are pretty much a thing of the past - except for government. It has reserved for itself the power of running monopolies and ponzi schemes.

To revisit an earlier erroneous statement - "capitalism will be the death of the country" - quite the opposite is true. It is "income redistribution", the government enforced theft of wealth from producers, that will be the death of the country. Of course, this is the goal of those who encourage this line of thinking. The fact is; Marxism may be popular at the White House but it is the antithesis of America.

The brand of capitalism that we practice, whatever name we apply, is not pure. We place limits and constraints on almost every aspect of what I bolded above. I believe we do that for the greater good. The extremes, in either direction, relate to the extent to which pure capitalism is constrained, or not, and by what methods.

If I, and I suspect most others, level a criticism against capitalism, I am referring to the current condition of the constraints and methods, not the basic premise of capitalism or free-market-ism as we practice it. It is a matter of degrees. In broad terms, we stir a little socialism into the purity of capitalism to make it mostly palatable.

I am always taken aback when expressing those opinions results in the leveling of charges that I am a socialist, communist or a whatever. I am saddened by the ignorance of those who think, in a largely capitalistic global economy that is currently practicing free-market-ism in overdrive IMO, that what happens in Denmark, Switzerland, or just about anywhere is not relevant. Those places and people are our competitors. Ignorance of your competition is a sure method of failure in capitalism.

Why anyone would think that aspiring to become the world's cheap labor pool by paying less than subsistence wages is a laudable goal, is another mystery.

If real life were "played" like Monopoly the losers--which would constitute most of the population--would be sleeping under decaying bridges hiding from debt collectors. That is not a result that serves the greater good and it is one that we should try to avoid. It is economic oppression. Oppressed societies are not stable. Bad things driven by desperation eventually happen.

Currently, income redistribution is what is keeping many people from sleeping under those bridges. Redistribution is not a one-way street. Many costs are socialized to a greater extent than the resulting benefits are shared. The rising tide is not lifting all the boats.

Within the span of one generation a significant portion of our population is finding economic success difficult to achieve. The causes of that are complex and numerous but one of them isn't that in the blink of a historical eye, they all became lazy no-goods, leeches and "takers."

That narrative, paid for and promoted by some extremely wealthy folks, exists only to make the wealthy more wealthy through cost avoidance measures. They are successfully playing the capitalism game to their utmost unconstrained advantage and the result is beginning to look more and more like the end of a Monopoly game.
 
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