A funny thing happens at $15 per hour...

[UsualName]

So everything this guy (above) said is bullshit.

Now that the parliamentarian rightly ruled the minimum wage is not a budgetary issue Democrats are moving to making employee wages a condition of business tax credits and deductions. This would satisfy senate rules.

Scuttled.

 

[SunTrader]

And counterproductive as well.

 

[newwurldmn]

Has anyone who has posted in this topic so far started and ran a small business before?

me. I employ about 200 people in the 13-25 dollar wage group.

 

[newwurldmn]

There will be some trimming of the excess and businesses will have to run more efficiently with an increase in the minimum wage. Will it be the end of the world? No.

Also, nobody is talking about the benefits of raising the minimum wage. Believe it or not, it actually will have a positive impact on consumption and quality of life in this country.

I think it will lead to more offshoring and automation. As such labor wage volatility (caused by a strong economy) combined with health insurance volatility (market structure) makes the capital investment of automation much more appealing than it did even 10 years ago.

10 years ago we dismissed the idea of automation because a human was more flexible than a robot. Now it’s robots or Mexico. America is unsustainable for manufacturing unless you are making very high end stuff like jet engines.

 

[SunTrader]

me. I employ about 200 people in the 13-25 dollar wage group.

Ok. That makes two of us. Why I am not surprised.

 

[newwurldmn]

Ok. That makes two of us. Why I am not surprised.

I don’t know what that means.

 

[Cuddles]

The Bern is forcing the vote and ignoring the Parlamentarian

 

[Tony Stark]

The Bern is forcing the vote and ignoring the Parlamentarian

Can he do that?

 

[Cuddles]

Can he do that?

feel the bern

 

[UsualName]

I think it will lead to more offshoring and automation. As such labor wage volatility (caused by a strong economy) combined with health insurance volatility (market structure) makes the capital investment of automation much more appealing than it did even 10 years ago.

10 years ago we dismissed the idea of automation because a human was more flexible than a robot. Now it’s robots or Mexico. America is unsustainable for manufacturing unless you are making very high end stuff like jet engines.

Automation is just coming, there is no stopping it. Even at $7.25 an hour some of these systems can now run at an efficiency that a human labor system cannot compete with. So what I’m saying is that automation won’t necessarily be a replacement but an improvement and that in itself should create a need for a workforce of humans to maintain and manage the automation. Also, while I don’t think automation is deflationary I do think it has an anti-inflationary aspect to it. Needless to say, I’m bullish on automation.