Democrats move to finalize new ‘billionaire’ tax proposal, targeting 700 wealthiest Americans
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If only you were 5% of the way to being socialists and living a shared good life, like most of Europe and Scandinavia. Health care, paid maternity leave are standard in the first world. The US is a right wing Ponzi scheme . $9.25 minimum wage for the last decade or more? Priceless
Even that is too high. Minimum wage should be $0.0
For years the conservative tenet has been that minimum wage causes unemployment among the poo. Then we had the last 20 years of generally low unemployment among the poor regardless of how high a state's minimum wage was and very little or even negative correlation between states with high minimum wage and high unemployment. In fact many poor were actually over employed, working more than one job because you don't have market power when you don't have basic necessities for your family to live. So I am curious if any actual reasoning backs that statement or you're just in favor of a Somalia style lack of government and pure capitalism for entirely dogmatic reasons?
AI will work for below minimum wage, humans will be priced out:
https://www.dailymail.co.uk/science...f-Flippy-flip-300-burgers-DAY-cook-fries.html
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Great, we can use that extra productivity at low cost to pay a universal basic income!
I am against the minimum wage. The labor market of the last 10 years (my history in the space) has been dictated by supply and demand. No one has any power to artificially keep wages down. A minimum wage is going to hasten solutions to reduce employment. We are looking at automation in the short term and relocating in the long term because of wage instability in America.
I think the minimum wage made sense in the past when there was little in way of workers rights and pricing power. Now there are significant regulations (anti discrimination, restraint of trade, anti-collusion, unemployment benefits, etc) which protect workers. I’m in favor of all of those.
the solution to improve the livelihood of the poor isn’t to raise wages but to give opportunities for the working poor to get out. I was unhappy that Obama’s plan for free community college didn’t get pushed through.
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Mostly right;
except Rich Dad mentor gave the young man $00.10/LOL@ hour[ IF i remmeber this part right, because OF GOOD WORK HE REDUCED IT TO STRAIGHT COMISSION LIKE DAVE RAMSEY GAVE HIS KIDS/lol.]
WHEN i was teen i thought a $1.65 was ok; i got $1.80 plus tips @ Red Food Grocery/LOL. Partial disclosure most teens dont know much/LOL
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CC is essentially free to the poor. Need-based scholarships make CC very affordable. Graduation rates are terrible.
I have experience with the Millennium Scholarship in NV. My youngest is graduating from Davidson this year and all of my kids qualified for the (academic-based) Millennium. Free tuition at all NV colleges and universities provided you maintained a 3.25 and a 21 or higher score on a mandated (taken in school) ACT. Regardless, he's going to UW, Colby or perhaps, Brown.
The average starting wage in fast food in Reno-Tahoe is $13/hr and they can't find warm bodies to work for that wage. COVID-employment dynamics have changed the game regardless of min-wage. It's a new, higher regime.
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You are right about it being a new regime without a higher minimum wage. This is what the market will dictate. You know that I know all too well about that. Raising the wage will not solve the employment problem. I’m not convinced more money would solve the labor issues you are seeing in your area. People don’t want to work right now (and I don’t mean that they are lazy and entitled). I can’t guys to work overtime at double time or even triple time.
you are right about the pell grants making CC essentially free. The reason graduation rates are low is because most of the students can’t afford to live and go to school at the same time. That’s the challenge. My wife is on the board of our local CC and on the board of a private college that is essentially a CC. It’s truly god’s work that these schools are doing and the stories she tells me about the students are as inspirational as anything you will read in the Forbes 400 list.