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Universal Basic Income
- Thread starter afoaf
- Start date
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I'm willing to bet.
Are you doubting your doubt?
Would you like at this time to admit that you don't know what you are talking about?
Restaurants, Schmestaurants! They will just automate the carts at your favorite dim sum outlet.
Why is it assumed that, if minimum wage increases by a certain amount, every other item sold in humanity will also increase perfectly linearly?
If only there was an example of what a big mac costs in a $15 per hour hellscape you're envisioning....
Wait, I know, let's see what a Big Mac costs in DC where the min wage is already $15.
Hmmm, looks like a Big Mac costs about $5.35.
Even Switzerland, which has a $25 min. wage, has a $7.29 Big Mac.
Do you enjoy subsidizing Walmart, McDonalds, etc. with billions of taxpayer dollars per year through the government assistance programs that their min. wage employees qualify for?
I think what he really wants is for them to make less, so they have less, so they eat less, so they get smaller and smaller and smaller until "poof!" they all disapear.
Why do I always think of the Christmas holiday season when I hear this?
Party at Autoprax's house, his parents aren't home!
I'll bring the white zin and 7-up.
I was told it is due to supply and demand.
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My $20 Big Mac was an obvious exaggeration. But expect to pay quite a bit more for many items we now take for granted in our many decades long low to no inflation environment. We've been so used to low inflation, we figure it won't ever double or triple the existing 2% again, even in Biden f'up world. Biden could likely be Carter 2.0 instead of Obama 2.0.
But if we keep all those illegal immigrants flowing in unhindered by the 10's if not 100's of 1000's, we can keep wages near slave labor levels for them, while boosting legal citizens to $15 and think we're heroes for it.
But if we keep all those illegal immigrants flowing in unhindered by the 10's if not 100's of 1000's, we can keep wages near slave labor levels for them, while boosting legal citizens to $15 and think we're heroes for it.
Wages are set by skills, and the availability or rarity of them.
You have one that's in demand, that most don't? You can call the shots way more than those that don't.
Illegal immigrants have few if any other that grunt labor our kids won't do anymore.
Rich guy always has a reason for poor guy not getting a break.
"OH, you can't do that because . . ."
I was making 15 an hour in the grocery business in the 80s.
Walmart's pay is so low that government has to give the workers money.
We must protect the Walton family?
"OH, you can't do that because . . ."
I was making 15 an hour in the grocery business in the 80s.
Walmart's pay is so low that government has to give the workers money.
We must protect the Walton family?
weird that you brought illegal immigrants into this. Why did you do that?
paying a fast food worker more has no bearing on what a teacher or bricklayer should be paid.
Higher and lower wages are elastic in relation to eachother. Economists know this. Tucker Carlson doesn't.
There's definitely a ripple effect on wages when the minimum wage goes up, but it's almost entirely concentrated at the low end of the wage spectrum.
