California hikes minimum wage to $20/hr. Workers now make $0/hr

[Tony Stark]

Between Medicaid and Obamacare, everyone should be covered unless they choose not to be.

Red states block obamacares medicaid expansion.

 

[smallfil]

Brilliant.

https://twitter.com/x/status/1775682005729993142

Those on the extreme left politicians and labor unions keep jacking up wages like there are no consequences to those employees they are supposedly, trying to help? They forget, a business has to have enough revenues to survive and continue providing jobs to its employees. Now, there is a move to using robots in the fast food industry to make burgers. That will drive down the cost per employee to just $7 an hour with using robots. Most of the employees will get laid off and only a few will be kept. Ford employees also, lost their jobs because Ford moved their manufacturing to Mexico where labor costs are much lower than in the US. UAW will now have even less employees paying them union dues. And less taxes will be collected on the Federal and State level as well due to store closures and layoffs. Talk about a stroke of genius from those on the extreme left.

 

[newwurldmn]

Red states block obamacares medicaid expansion.

not pertinent to the discussion of min wage

 

[Tony Stark]

not pertinent to the discussion of min wage

You mentioned medicaid and that everyone should have healthcare because of it.

 

[Ricter]

Im all for it.Corporations /businesses would hate it as millions of their slaves, I mean employees, would tell them to go fuck themselves and do so constantly.

Not only that, it frees up time for dissent and hitting the streets.

 

[Tony Stark]

Not only that, it frees up time for dissent and hitting the streets.

 

[Tsing Tao]

Absurd. Throw this in the same pot as the half baked “why not $50 an hour” specious arguments. The minimum wage is established and these mass unemployment arguments get regurgitated all of the time. Everyone freaked out when states moved to $15 an hour minimum wage but what actually happened? Maximum employment.

How is it you can say "maximum" employment? Because if you're going to *gasp* quote the government provided U3 numbers, then it'll just show how little you know about the argument.

You need to look closer into the data, and you need to look at the industries that were affected by the change. Banks, airlines, Tech Companies, etc...none of these cared a whit whether there was a $15 minimum wage.

Then you need to consider how many are no longer counted in the unemployment data because they're not considered unemployed.

 

[Tsing Tao]

If you need 10 people on to fulfill sales at any given time, then you need 10 people. Your inputs cost more... SHRUG.

If you're laying off people merely because an input price rose, or it turns out you didn't need that input in the first place (e.g. you only need 8 on to fulfill sales) you've been doing it wrong.

Granted, your new cost/benefit may bring some form of automation into play. See my next post.

What if the cost to automate the 10 positions used to be more expensive then it was to employ 10 people, but after you hike wages, it suddenly becomes a viable alternative?

 

[Tsing Tao]

Not only that, it frees up time for dissent and hitting the streets.

Right, and the people who get the UBI will still whine and complain about not being able to make enough money, ignoring that they're sitting home on their ass doing nothing (or taking to the streets). We reap what we sow.

 

[UsualName]

Maximum employment because prevailing market wages were already higher than $15 in most markets. Employers don't control wages. They are purely free market.

So then what’s your beef in all of this if wages are already +$15?