Minimum Wage Hike Would Boost Economy By Billions
Started by Zinix, Jan 20 2014 07:38 PM
2 replies to this topic
#1
Zinix
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Posted 20 January 2014 - 07:38 PM
“Any state, any entity, any ideology that fails to recognize the worth, the dignity, the rights of man, that state is obsolete.”— Rod Serling, “The Twilight Zone” The Obsolete Man
Smoke meth. Hail Satan. Watch the yearly Twilight Zone marathons. Talk to dead people. Everyone is gay. Ignore people. Live life to the fullest.
#2
Nintyfan86
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Bob-omb
Posted 20 January 2014 - 08:18 PM
Great video. The biggest dilemma facing the economy is to be found in low consumer confidence and capital reinvestment occurring outside of this country.
The minimum wage argument is tricky. $10.10 will be the new $7.25 due to inflation, just at the $3 trillion in bond buying by the Fed will lead to rapid inflation if it leaves banks at a quick pace. However, everyone is working and they can handle it, presumably.
The failed premise in this video is the disregarding of risk. If I work for a company, increase in productivity, earn 3x (for the company) than what I am paid, but have no associated risks, how am I going to complain?
Do I deserve 3x the money, effectively leaving the shareholders with the overhead burden and profit-less? That is nice of them for assuming all of the risk for me.
#3
grahamf
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Posted 21 January 2014 - 01:14 AM
Plus the reason why we don't use robots or computerized systems as much now is because people are cheaper.
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