Minimum wage, or Living wage

piezoe · May 13, 2016

WeToddDid2 said:
Wendy’s fast food restaurant chain says it will begin offering self-serve kiosks at its 6,000-plus locations across America, making them available to costumers by the end of 2016.

The fast food giant’s decision to move toward automation comes just as “Fight for $15”–a progressive protest movement, pushing minimum wage hikes–is applying pressure on state governments to raise wages for low-skilled fast food workers.

Penegor says several franchises are being squeezed by wage inflation. California’s 250-plus franchise-owned Wendy’s are struggling with the state’s $10 minimum wage, which will soon spike to $15. Franchise-operated Wendy’s restaurants in New York–where minimum wage is $15–can’t compensate for that state’s crushing wage increase.

“You know there are some people out there who naively say that these wages can simply be passed along in terms of price increases,” Brolick said last August. “I don’t think that the average franchisee believes that.”

http://www.breitbart.com/big-govern...s-wage-increases-squeeze-fast-food-companies/

As Marx said, "capital displaces labor."

fhl · May 14, 2016

piezoe said:
As Marx said, "capital displaces labor."

This must be similar to the left's theory on insurance policies.
When businesses lose money after gov't mandates are implemented and then they try to make changes to become profitable, it shows the left that business is just too greedy for a just society. They're supposed to lose money for the common good.

piezoe · May 14, 2016

fhl said:
This must be similar to the left's theory on insurance policies.

Can you give me a citation. I'd like to read up on this. I was totally unaware there was "left theory on insurance policies."

fhl · May 14, 2016

piezoe said:
Can you give me a citation. I'd like to read up on this. I was totally unaware there was "left theory on insurance policies."

Why would you be aware, since you're a libertarian?

fhl · May 18, 2016

Obama forcing more work to be considered overtime:

CBS News:
Obama extends overtime pay to 4.2 million Americans — The Department of Labor on Wednesday will finalize a rule extending overtime protections to 4.2 million more Americans currently not eligible under federal law, boosting wages by $12 billion over the next 10 years

While socialist France is passing legislation to make more work to be considered regular pay, instead of overtime pay.

French unions launch wave of protest against labor reform
http://www.dw.com/en/french-unions-launch-wave-of-protest-against-labor-reform/a-19264512

Obama even more socialist than France.

Ricter · May 18, 2016

piezoe said:
As Marx said, "capital displaces labor."

And does so whether wages rise or not, because as technology improves and becomes more efficient it will eventually be profitable to replace labor held at even constant cost. Were the deployment of automated company directory menus, automated bank machines, scan it yourself robots at supermarkets, online banking, online shopping, and kiosks at movie theaters all driven by a half dozen minimum wage hikes in recent years?

piezoe · May 18, 2016

Ricter said:
And does so whether wages rise or not, because as technology improves and becomes more efficient it will eventually be profitable to replace labor held at even constant cost. Were the deployment of automated company directory menus, automated bank machines, scan it yourself robots at supermarkets, online banking, online shopping, and kiosks at movie theaters all driven by a half dozen minimum wage hikes in recent years?

good point. I agree that the Marx dictum furnishes a very weak argument for those opposing a hike in the minimum wage.

piezoe · May 18, 2016

fhl said:
Why would you be aware, since you're a libertarian?

You pulled that out of your ass, in other words. That's exactly as I suspected.

fhl · May 18, 2016

Ricter said:
And does so whether wages rise or not, because as technology improves and becomes more efficient it will eventually be profitable to replace labor held at even constant cost. Were the deployment of automated company directory menus, automated bank machines, scan it yourself robots at supermarkets, online banking, online shopping, and kiosks at movie theaters all driven by a half dozen minimum wage hikes in recent years?

Automation allows workers to become more productive and make more money as a result.
And somebody had to make the scan it yourself, kiosks, auto directory menus etc to place in those locations.
It's productivity increases that allow higher pay. Min wage hikes only incentivize owners to fire people.

Ricter · May 18, 2016

piezoe said:
good point. I agree that the Marx dictum furnishes a very weak argument for those opposing a hike in the minimum wage.

But if we can get labor down to zero, we're good.
: )