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

[newwurldmn]

The choices for those companies aren't the same when the government is paying for healthcare,food stamps,housing assistance,childcare assistance,earned income tax credit etc for one company's employees and not the other.

sure it is. Government is only subsidizing Amazon because Amazon chose to pay 20/hour.

 

[Tony Stark]

sure it is. Government is only subsidizing Amazon because Amazon chose to pay 20/hour.

20 an hour would exclude people from government most benefits I belive

 

[Tsing Tao]

Let's hope it does! Machines should be doing our work, and we should be collecting "their" wages.
If we can't collect the fruits of their labor, like I asked before, what's the point of all this mess we've made?

I don't think people who don't work are going to get to collect the wages of the machines. Somehow, I think the people who make the machines, fix the machines, buy them and then run them will.

 

[UsualName]

It's been constantly a mirage. One of us has certainly been tricked here, that's for sure.

Tell me, what's the U6 unemployment rate, and - once you figure that out - tell me how you can call that "maximum employment". Hell, let's start at the U5!

hint:
https://www.bls.gov/news.release/empsit.t15.htm

You miss the nuance sometimes. The point is these measurements, even if flawed, are constant. Meaning even if flawed they are still showing gains and loses, and gives up the ability for historical comparisons.

So for someone like me, U6 or U3 doesn’t really make a difference because I am looking at the gains and loses and doing historical comparisons.

Personally, I look at U1 and U3. I’m less concerned with U6 unless there are signs of stagnation or consumers cutting spending.

Either or, U6 is in very healthy shape, both on the trend and historically. As you can see here:

https://fred.stlouisfed.org/series/U6RATE

 

[UsualName]

The market isn't perfect as there's friction. We could mandate each job has a required wage... i think that's been tried before, but i can't remember which country tried it and how it went.

All those drivers should go to UPS.

I’ve posited that collective bargaining is actually a free market counterbalance for the wage conundrum. When we look at purchasing power, it was the strongest when union participation was the highest.

 

[newwurldmn]

I’ve posited that collective bargaining is actually a free market counterbalance for the wage conundrum. When we look at purchasing power, it was the strongest when union participation was the highest.

unions only works to support the union. It’s why UPS pays drivers 100k.

it also undermines the need for minimum wage.

 

[UsualName]

Let's hope it does! Machines should be doing our work, and we should be collecting "their" wages.
If we can't collect the fruits of their labor, like I asked before, what's the point of all this mess we've made?

We are seeing and living through the technological labor disruption with work from home, shorter work weeks and flexible work schedules. We are collecting benefits by way of improved quality of life/ work life balance.

 

[newwurldmn]

20 an hour would exclude people from government most benefits I belive

ok. So you undermined your own argument. Amazon pays 20 and hour while UPS pays 100k and Amazon employees don’t get subsidies but this is unfair.

No wonder you became a trump supporter. Your IQ couldn’t handle being a liberal.

 

[UsualName]

unions only works to support the union. It’s why UPS pays drivers 100k.

it also undermines the need for minimum wage.

A big yup to both! And both of which are good things!

 

[TreeFrogTrader]

We are seeing and living through the technological labor disruption with work from home, shorter work weeks and flexible work schedules. We are collecting benefits by way of improved quality of life/ work life balance.

Ideally, in the dem utopia, your job goes to China and then some Chinese guy works from his his home there."

Yeh, that's awesome.