So what would realistically happen if the minimum wage was abolished in America?
Massive increase in jobs. Inexperienced workers will finally be able to work. Unpaid internships would become much more rare. Spics and niggers will clean my house for like $3.50
The price of all goods would fall.
r-right guys??
>>74506393
We become Brazil now instead of 20 years from now.
>>74506771
Kek. Libertarians would have you believe so, but fuck no. Or at least not enough to keep up with the drop in wages.
Minimum wage and price of goods are literally equal.
As you raise minimum wage, price of goods goes up. Decrease minimum wage, good price goes down.
>chocolate bars were 10 cents in the 1920s meme!
Yeah, you also got paid 50 cents an hour.
What would happen to all the people making minimum wage now? Their rents aren't going to suddenly drop in line with their pay.
Zero unemployment, massive wage increases
>>74506970
>Minimum wage and price of goods are literally equal.
Sure they are, Chaim. I'm positive when you're getting paid $1 an hour instead of $10 that a gallon of milk will drop from $3 to 30 cents, not just by about half.
>Decrease minimum wage, good price goes down.
And yet America's minimum wage has already failed to keep pace with the cost of goods. Explain this.
>>74506624
And they would steal property worth like $5000
That's what I call making a profit.
>>74506624
Wage subsidies > minimum wage
>>74506849
Sweden is doing fine without a minimum wage.
The secret to a market that works nicely for workers is strong private sector unions.
>>74507185
How would wages increase?
>>74507470
Sweden isn't the dark heart of corporatism either.
>>74506393
more ppl in poverty
>>74506970
My problem with this idea is;
A drop in min wage affects only the lowest earners.
Most of the "middle class" probably wouldn't be earning less.
We would still have a HUGE disparity between the top 10% and lowest 50%.
If prices went down, the ultra-rich would only be more powerful, and thats fucking scary.
>>74506393
then the land of the burgers becomes POO IN LOO CURRY land, have fun pooping on the street
>>74506393
>>74506849
... OR Switzerland, or Singapore.
I tend to think not much would change at all. Even at a discount, the quality of new hires is typically miserable, and all that seems to end up happening is you pay the competent workers extra hours rather than hire morons. That coupled with increases in automation, we're likely on a trend of permanently increasing unemployment.
>>74506393
Businesses would begin offering more entry-level jobs. We're not talking great jobs, obviously - ones at below current minimum wage will be pretty shitty.
But this is still an improvement for people trying to enter the workforce for the first time, in particular. It will make it easier to get a first job and build some work history so you can get interviewed for better things.
Maybe kids would actually pay attention and try in school.
Think a little more about the decisions they are making and how they will lead to a worthwhile career
But probably not, would just lead to more democrats getting elected to take money from those that did focus on a career to those that didn't .
As long as they are liberals there will always be Gimme Dats.
>>74507681
>OR Switzerland, or Singapore.
Sure we will. Contain your shitposting, Australia.
>>74506393
See any 3rd world country.
>>74506393
Average wages would go up as business start to actively compete for employees worth keeping. People would become more loyal to companies and companies more loyal to there employees, staying at a job for 20 years would be a regular occurrence even in industries like food service.
Unemployment would plummet. And if that was combined with ending the welfare state illegitimacy would plummet as well. If a nationwide concealed carry law was then passed the crime rate would plummet and the black population would gradually become more civilized.
Low skilled labor will have an easier time getting a job. Poorfags will have to reconsider where and how they live. Any negative effects in terms of job losses would be rapidly outpaced by economic growth (and job gains, for that matter).
It is important to note that the people who lose without a minimum wage are a relatively small part of the population, but the people who lose WITH a minimum wage are essentially the entire world. It's all relative, and markets without arbitrary price ceilings and floors are going to perform better than the alternative every time. A well-performing market means that even the poorest poorfag can get what they need. It might not be what they want per se, but y'know.
test
>>74506393
Low skill American youths would be able to get entry level jobs. Mexicans would self deport.
>>74506393
>touchscreens at mcdonalds
most disgusting idea I've ever heard
>>74508365
How distorted is your opinion of Mexico that you actually believe the only reason Mexicans leave there to come to the United States is minimum wage? FUCK, dude.
These dudes don't even get paid minimum wage here half the time. Dropping the price floor would be a massive boon to immigrant labor's prospects in the United States, and I would actually anticipate that unskilled American high schoolers would be the ones to lose out. But still, goods will be cheaper for them as it will be for us all, and the cycle of growth would benefit the poor within only a few years.
>>74506624
> Inexperienced workers will finally be able to work
This x1000, minimum wage pretty effectly priced me out of being able to work until I was in my 20s, right now it's utterly impossible for inexperienced teenagers to find their first job when they have to compete with people 10-20 years older than them with experience.
>>74508061
>McDonalds will now pay every employee fair, because we are loyal to our employees. In 10 days, you will all get a fair wage!
>Literally 3 days later: WW3 has begun!
>Litarally /pol/ "ITS HAPPENING! JEWS ARE ATTACKING MCDONALDS EMPLOYEES! MCDONALDS CEO IS BORN IN ISRAEL!"
Yeah, McDonalds will be loyal to their employees. Sure
And what the fuck is it with people acting as though fast food service is 50% of the US economy? For fuck's sake, calm down. Let McDonalds run its damn business effectively.
>>74508743
They must because they're doing it right now. Why the hell would they stop what they're already doing? Libertarians are the dumbest motherfuckers on the planet. Niggers have their intellectual shit more together than you morons.
>>74506900
because businesses just hate being able to sell their products and services, right?
get ready for stronger worker unions if that happens
>>74506393
Does this make economic sense?
LETS MAKE ALL JOBS THAT PAY BELOW $15 AN HOUR ILLEGAL TO HELP THE ECONOMY.
That is what minimum wage laws do.
>>74506393
War and fathom.
People wouldnt be able to understand the concept they they should make less then they previously did.
Those raging Bernie supporters would go full rage mode and fuck up the Trump supporters worse then they already do.
>>74506393
What is minimum wage? I don't even know.Who even gives a fuck what it is,and who would wven work for it? I think I was making 9.50/hr in 1989 because I was worth it. I don't even know what I make now,it's like 21something/hour.
Ex con btw.Stopped being stupid and rebuilt my poor white trash life
>>74506393
Have you ever seen the freetards trying to work these things?
>tfw they have to employ someone just to stand there and help people.
>>74509071
If a job can't survive while paying its workers a living wage then the job shouldn't even exist to begin with.
>>74508963
As long as the government doesn't subsidize or legislate advantages toward labor unions, there is no reason they shouldn't exist.
>>74507498
Unemployed people are necessary for wage control because if there is an hypotetical situation with zero unemployed people that would mean you don't have a replacement for your job, you can ask for more and they would have to pay you because they need you. Meanwhile, if there are people waiting to steal your job, you will work for pennies because you need that source of income.
>>74509435
That isn't how supply and demand works, brother. Have you by any chance taken any college-level courses in economics, because it seems like you're just quoting Facebook posts instead of factual arguments.
The fact that someone is taking a job at a given price point is indicative that it is a better alternative than not taking the job. It is why the Chinese work in factories -- being a peasant farmer is worse. And the Chinese that work in those factories are living better lives and taking better care of their families than the ones who stay in the farms. It's an extreme example, but the same logic applies to the poor in the United States. If the wages were unacceptable, people wouldn't work them.
It isn't the responsibility of a business to determine who is or is not too poor to work for them. Why should it be?
Bottom feeder business like Walmart, McDonalds and the like fire their workers who earned the old minimum wage and replace them with even cheaper workers. Welfare reliance increases as wages drop but the cost everything gradually increases exactly like it has for the past several decades despite wages staying the same or dropping. Businesses who replaced their old workforce with cheaper labor use the savings to lobby the government for even more handouts and special treatment.
>>74509671
>Bottom feeder business like Walmart, McDonalds and the like fire their workers who earned the old minimum wage and replace them with even cheaper workers.
This doesn't even make fucking sense that's because you're an idiot making things up.
>>74509671
If you're so concerned with welfare reliance, I'm not sure why you aren't worried about the fact that more people would be on welfare with the steep increase in minimum wage than with the elimination thereof?
People are always on Walmart's dick for "being subsidized by welfare," but the fact is that the only people being subsidized by welfare are the ones who use it for 100% of their income. And that percentage of the population is only going to increase as the price floor on labor increases senselessly.
>>74506393
- Creates army of unemployed;
- Concentrates even more power in the hands of the rich;
- The rich start to persecute and kill the poor;
- The rest would die of starvation;
- Genocide of the working class.
In some places where unions still have some power, war would break out. They would lose due to lack of coordination and resources and the result would be the same: genocide of the working class.
>>74506849
Brazil has draconian labor laws, the fuck you're on about?
>>74510220
Wow, provide a citation at any time.
Isn't that the shit Marx said was going to happen 150 years ago but never did except in countries whose governments actually adopted his policies?
Markets just don't even come close to working the way you imagine them.
It'd be much easier for someone from the middle class to open their own business and have employees. Competition would skyrocket, unemployment would plummet, goods would get cheaper, most people would be wealthier than before.
>>74509071
"Price floors" are a real economic thing, and sometimes they are necessary. Without them, powerful business owners could game the system, undercut competition, and ruin an economy for everyone.
>>74509435
This is the most ridicules argument I've ever heard.
>People should be unemployed so that a few can live comfortably
Who are you to decide whether or not a job is worth someone else having. I get paid 8 an hour, you literally want me to be fired.
I imagine crime rates would rise alongside the stock of private security.
>>74506393
sweatshops and slave labor comes to america.
>>74510649
>[citation needed] of this happening anywhere ever
>inb4 some bullshit where the government is actually the culprit but you're going to try to blame the market
>>74510751
>Slave labor
Pretty sure that's already illegal.
>>74510243
Brazil is capitalist as fuck, you moron. You can't have massive income disparity like you do in Socialism, because that's not Socialism. Brazil, like America, is a shit mud country that simultaneously has some of the richest people on Earth.
>>74510477
Keep arguing that lower wages lowers the cost of living even though wages haven't risen for years, yet the costs of goods and services has dramatically.
>Markets just don't even come close to working the way you imagine them.
Right back at you faggot. Markets hardly work at all. But bribery and extortion work like a charm.
>>74510649
>"Price floors" are a real economic thing, and sometimes they are necessary.
Government control of the uncontrollable is impossible you god damn idiot.
>the quality of life around the world has skyrocketed since the onset of the industrial revolution
>today's poor are better off than the wealthiest people on earth in the past
>fast forward to today
>people on /pol/ are actually no-shit talking about slave labor, revolutions, massacres, and genocides because the market might have an arbitrary price floor removed
God help us, these are your Bernie supporters.
>>74510477
- Wages have not increased in 50 years.
- Multinational companies are both destroying democracies and the environment, while exploiting disadvantaged workers in poor countries.
- Young people cannot buy houses anymore.
- Our life is not better, as people spend their days slaving off for rich people so they can participate in a status arms race that benefits noone besides said rich people;
- There is no class mobility. There never was class mobility.
You need to get out of your bubble. Facts don't care about your opinion.
>>74510851
not at 1 cent an hour it isnt.
>>74510933
>socialism = good
>capitalism = bad
>Brazil = bad
>therefore Brazil = capitalism
kill yourself, retard
I repeat Brazil has draconian labor laws, inspired by Carta del Lavoro of Mussoli.
>>74510933
Americans on average are wealthier than ever -- the middle class is shrinking because they're all entering the upper middle class... NOT the other way around.
This graph shows you the inflation-adjusted income of different percentages of the population. Red is 2015, the blue line represents 1971. If you are unable to understand this graph and what it means for your argument, you have not studied enough about economics for it to be worth continuing this conversation.
>>74511167
I'm sorry that you live in Poortugal, but the sooner you recognize your own corrupt government is responsible for these social ills, the sooner your country might recover.
>>74507780
Your chart should include markers like "GFC started here"
>>74511146
>comparing our living standards to people 100 years ago
>"We're much better off so quit your bitching"
Don't be ignorant, we have different problems now that didn't exist 50 years ago. Bernie supporters want to create a system to maintain a growing standard of living in the future, not a stagnant one.
>>74511334
Dam you're retarded
>>74511408
LOL!
Your country is even worse than mine on all the facts I presented. Your wages don't grow, your housing market is fucking expensive, the american dream is dead, you are fucking status whores.
You dumb burguer.
>>74511802
burger*
That shit got installed in a popular Mcdo spot downtown near where I work.
Best. Shit. Ever.
>>74511334
Not just that, Brazil is basically a socialist country that has propped up its economy on commodity exports (oil) for years, and the piper has finally come to be paid.
>>74511634
Tell me about these different problems and how they are worse than what the ACTUAL poor faced in the past.
The only reason your hypothetical standard of living isn't growing is because governments have interfered with the market and produced an outcome you don't like. All because they were "trying to create a system to maintain a growing standard of living in the future." Governments can't decide that. It has been tried and failed around the world.
>>74511802
I don't see why you care so much about the American Dream. It's not something anyone is entitled to, and it is arguably the cause of the majority of environmental destruction in the past century. If young people want a house, perhaps they should try looking for one outside the San Francisco Bay Area or New York City.
>>74506393
>what would realistically happen
more people would be eligible for gibsmedats and then your taxes would go up.
>>74506393
literally all niggers would be on welfare and we would have to give more than half of taxes to them
>>74506393
Your taxes would skyrocket because the massive increase in food stamps, medicaid, and other welfare programs.
I would much rather have companies pay a living wage than have to pay it for them through my taxes.
>>74507780
You didn't include the part where minimum wage stayed the same and unemployment dropped back to 5%.
>>74509945
>a brain dead retail/fast food job that any monkey with a few hours of training can perform
>current employees are getting paid $7 an hour or whatever the previous minimum wage was
>new applicants are willing to work for $3.5 an hour, saving several hundreds of dollars per week
I wonder which person businesses are going to employ
>>74510134
I don't really care about welfare usage. The issue is that money is power. Anything that siphons money from the bottom (say, you grant people the "privilege" to work for less than they currently earn, or you open the borders make it easy for business to hire cheap, disposable foreign workers) and funnels it to the top is only going to make the people at the top more powerful than they already are.
>>74512123
You pay more for it when it comes from a company because they defer the cost to you anyway PLUS it stifles growth in the industry. As someone in the thread said before, it shackles businesses (especially small ones) from opening shop in the first place. That's an unseen side effect of price floors/ceilings which nonetheless has serious consequences for the growth rate.
Speaking of which, because the economy will be growing, the "niggers" aforementioned by the posters above you will simply move on to another job, likely outside of fast food service. Perhaps they will be mowing your lawn because of the increase in disposable income you will have.
>>74511713
>13rd salary (yes, you heard that right, Brazilians receive 13 salaries a year and think this is a great conquests of the working class for some reason)
>FGTS (8% of the salary becomes forced saving which is kept in the hands of the government)
>"free" transportation. paid by the employee. makes people living far away be even more discriminated when searching for work.
>30-day vacation
>underage people basically forbidden to work, if young poor people need money they gotta steal, sell drugs or kill
>>74508789
>priced out by minimum wage
This is the most pathetic thing I have read here today. Dumb cuck I had a $10 an hour job at 16. Go borrow a nice shirt/tie and learn to talk to other humans faggot.
>>74511962
When you stop your struggle, you lose. That's what they want you to do. Then, people start turning on each other instead of realizing who the real enemy is. Human dignity is the pillar of democracy and freedom.
It is possible to solve all of this if you tax the top 1% at least 90%, impose harsh inheritance taxes and markedly increase the minimum wage.
>>74511181
>Voluntary work
>Slave labor
Pick one.
If someone wants to work for 1 cent an hour because they think it will benefit their lives why do you want them to not be able to?
>>74512347
*paid by the employer
>>74506393
It won't be much worse than Europe and it's immigrant workers.
>>74512370
>>74512305
Your "fatcat" caricature of business has no basis in reality. When a business makes money, it doesn't just "disappear" into a fat cat's pocket never to be seen again. This is not some mystery, this is the science of economics, and there are many books about it.
There is a reason the poor from around the world come to the United States. When we stop being the best route for the poor to move up (and trust me, the US is a massive step up from these countries), they will stop coming here. It is that simple. And it's not just immigrants who move up. As the chart earlier in the thread shows (>>74511408), everyone in the US is moving up (on average).
No one responded to the graph because, as I feared, none of you on the Bernie side of the aisle really understand enough about what you're talking about to have a meaningful debate about it. If you did, well, you probably wouldn't be debating it because you'd know a priori that you are incorrect about what you are saying today.
There's a reason the biggest "economist" supporting Bernie was fucking Robert Reich.
>>74512805
>offshores stockpiling money all over the world
>rich people hoarding money during crisis making it much worse because of "confidence"
people go to the us because your non-tradables are so expensive. That's why you lost manufacturing jobs and you attract migrants to work on the lowest paid non-tradables. If you live like shit in the US being paid in these sectors, you can still send a lot to your family. Don't teach me about economics, when your arguments only show that you took econ 101.
still, most economists just tells us what the rich wants us to hear. you cannot trust them.
Just eliminate wages entirely. You don't actually DESERVE anything
>>74512347
So what, my bro is Nigerian, he's telling me that Nigerians can receive as many salaries as they fill out paperwork for.
>>74512370
what do you think would happen if you set the minimum wage to €2000/mo?
>>74513498
There would be inflation, which would benefit the workers in the end, as prices wouldn't increase as much.
>>74513860
who taught you this shit nigga?
>>74514103
not mises.com for sure
>>74512364
Some people develop later. I was a retard at 16 and had to work for $5 an hour under the table since I wasn't worth 7.25.
Now I'm 24 making near 6 figures.
>>74507293
The value of a good is determined by the market, not the seller.
If no one can afford milk...the price drops until it sells
>>74506771
>>74506900
That is what I expect, but who nose
>>74514103
we could also hire two guys to 1. pay a dude to smash a machine and 2. have the other guy fix it
instant job growth
>>74506624
It would only be beneficial if they actually took immigration seriously. Otherwise it would be a race to the bottom.
>>74506624
>this is what lolbertrians actually believe
>>74514103
>inflation doesn't diminish the value of money, leading both debts and capital accounts to become smaller in constant dollar values
>this doesn't primarily benefit people with more debts than capital
>ie the poor
Alberto may be mixed up, but inflation clearly does tend to benefit the poorer class.
ITT: /pol/ gets schooled by Portugal.
>>74515358
I dislike Mises. But you don't have any idea what the fuck you're talking about. Inflation is caused by increase of the money supply. You don't know the basics of basics.
>>74517621
>inflation doesn't diminish the value of money
that's exactly what it does
> inflation clearly does tend to benefit the poorer class.
absolutely not, inflation impacts those who do not have land property or can buy foreign currencies to retain their wealth. It impoverishes the poor massively and is the BIGGEST source of inequality.
>>74506393
One thing that could possible happen is the whole country could unionize. Then people would refuse to work under an even higher wage.
>>74517268
>>74511408
Get fucked
>>74509410
If you cant operate a self order kiosk, you might as well do society a favor and starve to death.
>>74506393
A lot more people would have jobs.
Good job /pol/, most of you gave a sensible answer (barring a few leafs, yuros and this guy >>74506849)
>>74517368
Flag
>>74511802
>denial
>>74511167
>- Wages have not increased in 50 years.
When measured in pre-tax, pre-transfer cash units, the median and average real wages have not shown significant growth. However, median and average are slightly distorted because of immigration and baby boomers. Furthermore, fringe benefits have become an ever larger share of income proportionally, and this figure doesn't account for this. When one accounts for fringe benefits, taxes, and transfer payments, wages have indeed increased, by quite a bit.
>>74511802
>POORtugal
>>74512370
The minimum wage hurts poor people. http://www.nber.org/papers/w12663
pic unrelated
>>74512364
Someone was being altruistic to you. If an employer was to set your wage based on how productive you actually were being, it would probably be below minimum wage.
>>74508248
Incorrect. When executives earn too high of a percentage compared to the basic employee, wealth creation stagnates. This reduces the nation's future standards and prosperity.
But fuck the future generations right? Boomer logic.
>>74519928
How high is too high? Should the CEO be paid what he's worth?
>>74506393
Support for nativism would skyrocket. We might wind up with a populist labor movement that actually could go somewhere.
Worst case we'd just get high unemployment + exploding welfare that would come to a head.
While I vehemently oppose an increased min-wage for a variety of reasons (decreases purchasing power overall, leads to higher unemployment, etc) I do have to countersignal and name ONE up-side to raising the minimum wage.
...it would mean I have to deal with less niggers and spics in my daily life. No more dealing with these retarded dindus working the cash registers. I'd fucking much rather just pay at an automated kiosk.
Those machines are a godsend, I fucking hate interacting with people when ordering my food. Thanks based McDonalds for fueling my autism and ever expanding waistline.
Everyone is saying all of the positives but not realizing that the minimuk wage is what is pushing us towards total automation in which we can actually sustain some form of welfare and "free" education.
Raise the minimum wage
becomes more profitable to invest in machinery over people
min wagers get fired or find shittier jobs
wage goes up more
eventually cycle ends just below middle class jobs requiring sideways lateral thinking (then restarts when real AI breakthroughs happen)
Either all of the poor die off, which honestly is not terrible from a purely nationalistic perspective
or we start welfare out the ass for them, which would be sustainable with all of the surplus
>>74521702
fuck off automation fag, it's not going to happen until robots are 99% cheaper
>>74521772
>Not realizing that its already happened with a lit of industries which is why we are having this issue in the firstplace
Look at the auto lines today
it takes two men with one skillset to do the job of twenty now
the value of labor is dropping rapidly and as the minimum wage goes up the relative value of unpaid machine workers rises
>>74521906
>not realizing this has already happened with a lit of farms which is why we are having this issue in the firstplace
Look at the rice plantations today
it takes two men with one skillset to do the job of twenty now
the value of labor is dropping rapidly and as the minimum wage goes up the relative value of unpaid machine workers rises
>>74522095
Yeah that's another example. Only difference is with the large increases in population the supply and demand of food has stayed stable despite the number of farmers dropping steadily and the number of people rising.
>>74522357
>the supply and demand of food has stayed stable
Are you shitting me? Do you have any idea how far technology and agriculture have come since even the 1960s?
>>74522463
Demand per person is similar andsupply per farmer skyrocketed to meet it. If it's otherwise feel free to enlighten me.
Either way you're just proving my point further, tech reduces the value of labor.
>>74522616
>tech reduces the value of labor
Farcically misguided. Technology increases cause the actual laborer to become vastly more efficient, and even accounting for those that get laid off, it increases aggregate supply, which increases real GDP and by definition increases the average value of labor.
>>74508789
a few years ago i got a job pretty easily when i was like 16/17 as a lifeguard. There are plenty of teenagers with jobs.
we need basic income
theres nothing in the universe that says there has to be a job for you
which means humans are cattle and you MIGHT be able to support yourself if youre lucky
robots SHOULD be doing the work but you need basic income to replace the lost income for individuals
>>74523863
I can't even...
>>74523863
>we need basic income
No we don't. We got a long fine, some might say better than we do now, in the 1880s and 1890s, with no government benefits or wage laws.
>theres nothing in the universe that says there has to be a job for you
There's nothing in the universe that says that any company won't hire you.
>which means humans are cattle
Humans are more than cattle. Don't be ridiculous.
>and you MIGHT be able to support yourself if youre lucky
The vast majority of people (barring niggers and spics) have been able to support themselves in the history of the US.
>robots SHOULD be doing the work
There is not enough money in the entire world to pay for enough programmers, robots, and maintenance robots (or even half of enough) to replace the labor force.
>but you need basic income to replace the lost income for individuals
technology increases increase wages, they don't decrease them.
>>74524191
I can
>>74524300
your argument is wellll a company might hire you so you should just rely on that
no........ like i said theres nothing in the universe that says that you have a job waiting for you when youre born
which means you can be manipulated like cattle because you have no means of supporting yourself
>technology increases increase wages, they don't decrease them.
i meant the loss of JOBS. there will be less jobs with more robots
i dont care how many programmers there will be it will still be less jobs overall thats the point of robots to reduce the need for human labor
>>74524492
And your argument is "well companies are not legally obliged to hire you, which inexplicably proves the rest of my bullshit". Companies compete for workers, and thus can not manipulate them like cattle. As such, compensation has risen steadily and rapidly since we've began measuring it.
>i meant the loss of JOBS. there will be less jobs with more robots
Really? Because the exact opposite has happened historically.
>it will still be less jobs overall
In that particular field, within the particular company that implements robots at a given point in time. You're forgetting about the rest of the market.
I swear you automationfags are the biggest shitposters on this entire website, up there with leafposters and "muh roads".
>>74524792
maybe your income is increasing but you seem to be blind to everyone else
americas wages have been stagnant for 40 years
companies dont need unskilled workers anymore
only 30% of americans even have a college degree you think these people are going to turn into microprocessor computer scientists overnight?
no, its never going to happen. these small talk average folk dont even have the brain capacity to do it
these people need an income though or they will die just because you need money in the world
the gap is going to widen even more with unemployment im not seeing this influx of new 21st century industry
is tesla gonna do it is tesla gonna hire farmer john from alabama
Large corporations start paying their employees $4 an hr
>>74525222
>americas wages have been stagnant for 40 years
No they haven't. See >>74519429 and the picture in >>74519720
Even if they were, keep in mind that around the time average and median incomes started stagnating is when so many immigrants were coming in to the US and joining the labor force, so it could be that the old stock American's lot has been getting better regardless.
>companies dont need unskilled workers anymore
They will hire them if they are profitable, which they are to many contracting companies and restaurants.
>only 30% of americans even have a college degree you think these people are going to turn into microprocessor computer scientists overnight?
Do you think we are going to replace everyone with impractically expensive robots overnight?
>these people need an income though or they will die just because you need money in the world
Fuck off Bernie Sanders
>>74506393
Op pic looks like Macca's in Australia. The store near where I live used to have 22 staff. now they got heaps of these machines and only 5 staff. It takes about 20mins to get food now because they got 1 on drive through, 1 cook, 1 in cafe, 1 on registers and 1 manager to assist.
>Absolutely fucked in the future
>>74525412
ya and guess who gets stuck in the bunch with the immigrants who work for peanuts? YOUNG PEOPLE
old fucks who are already established might still be benefiting from their position from decades ago but now we get fucked and have to work the shit jobs
you think just because im white im going to get special privileges? no, they dont care
>They will hire them if they are profitable
which means you believe in treating people like cattle and are only worth a living if they can make a company profit
>replace everyone with impractically expensive robots overnight?
robots getting cheap very fast wendys can already replace all their cashiers i just read in an article
>>74506393
We would finally find the true cost of stupidity
>>74506393
Humans would be replaced with kiosks and automatons. Like what they're doing right now. At Wendy's. At McDonalds. Even at universities like UC Berkeley. They're even creating the first computerized attorneys.
>>74512377
that literally never happens you dishonest bootlicker
people are forced into these sweatshop jobs by their disgusting circumstances, they didn't make a voluntary choice
>>74525663
>ya and guess who gets stuck in the bunch with the immigrants who work for peanuts? YOUNG PEOPLE
You spend a lot of time on this point when it's irrelevant to the topic at hand. The fact is, as discussed in my earlier post, that even with these downward pressures, average and median net compensation increased significantly (36.7%) between 1979 and 2007, contrary to the claims of berniefags like you.
>>They will hire them if they are profitable
>which means you believe in treating people like cattle and are only worth a living if they can make a company profit
commie, you don't deserve to make money unless you are actually productive.
>robots getting cheap very fast wendys can already replace all their cashiers i just read in an article
is this satire? Do you realize how vastly more complicated any respectable office job is than simply fucking operating an electronic cash register? Automation is not going to happen on the scale you retards think it is for at least another 100 years.
>>74524792
>Companies compete for labor
You're still in college right?
>>74526179
>le pickle cage reaction image
>le communism is real xd the working class struggles against the proletariat
>le economic illiteracy
xd
>>74526028
> average and median net compensation increased significantly (36.7%) between 1979 and 2007
thats a lie i could pull up the graph right now on google
i know what the truth is
>commie, you don't deserve to make money unless you are actually productive.
then you believe in the death sentance for a lot of people
all retards all old people all disabled all underachievers
you believe in hitler
and no im not a bernie sanders supporter
free college and 15$ minimum wage is batshit insane
trump is a smarter guy and smart = efficient government which in turn creates prosperity
>Automation is not going to happen on the scale you retards think it is for at least another 100 years.
i think your underestimating it
there already is no fucking jobs dude
you got mcdonalds and you got landscaping
or your a gifted 30% who has the patience to go through with college and be a perfect little star for your boss your whole life which some people dont have any desire in doing
>>74526364
Tried hard, but couldn't find an argument,
>>74524792
Also, confirmed for never having a real job.
>>74526433
1. Stop shitposting
2. Read my posts and the data I link to you (especially the table from http://www.nber.org/papers/w17164.pdf)
3. Take ECON 101
after those three steps I will start replying to your idiotic, misguided and factually incorrect verbal ambling.
>>74526496
>>74526762
>>74526179
not an argument.
>>74506393
If you mean the Federal Minimum Wage, then it would fall/rise depending on state.
>>74526433
This guy gets it
>>74526784
its right here bro i dont need your fake data
you didnt adjust for inflation or something
americas wages are stagnant period
bosses are laying off, and cutting pay
they dont wake up trying to increase pay for their employees and add more workers
its a fact thats how the world works
companies arent competing for workers. theres enough of those. they got big stacks of hundreds of applications on their desk they never even look at they can pull one out at any time if they need it
>>74527004
He never had a job before, is in college, and parents pay the bills so of course the dumbfuck doesn't get it.
>>74507083
>Implying that people who make minimum wage can afford to rent
Stupid idiot. People who make minimum wage have to have like four fuckin' roommates in order to pay rent. That way rent is low. Either that or they get low income housing.
Do you know how much it is to rent a one bedroom or two bedroom apartment by yourself? lol. You have to make over minimum wage to do it, considerably so.
>>74527004
You didn't even read the paper or data I linked you.
>its right here bro i dont need your fake data
That is pre-tax, pre-transfer cash income, not accounting for fringe benefits, you fucking retard. "My" data isn't fake, it is factual and adjusts for everything, whereas yours is incomplete and does not adjust for taxes, household size, or fringe benefits.
>you didnt adjust for inflation or something
Seriously how stupid are you? 85 IQ? Are you autistic?
>all that other shit
You are such an infertile thinker, you should be President.
>>74527075
If you actually think that this ad hom strengthens your argument, I'll let you in on the fact that I am a college graduate and I've had six jobs in my life, and have over 20k in my bank account.
>>74506393
Literally nobody knows
Not even "experts" in the field know. There's just speculation and theories.
>>74527551
http://www.nber.org/papers/w12663
>>74527285
your link doesnt even work
do you believe obama when he says the unemployment is 3% and were doing better than ever in 17 trillion debt
lol
the only thread were hanging on which gives us the illusion that were better off than we were decades ago is the technology
you faggots do realize that without minimum wages the automation age will be delayed right? why would a company ever want to innovate with more efficient automaton if they can simply hire dirt cheap labor? its basically the same reason how slavery delayed the industrial revolution
>>74527285
Better question for you.
How about cut off all H1B's, OPTs, chain immigration, and TN visas before even contemplating lowering the wages?
>>74527664
What do you mean it doesn't work? Are you on mobile or some outdated browser and you can't open PDFs? Incompetent millennial.
http://www.nber.org/papers/w17164.pdf
http://www.nber.org/papers/w17164.pdf
http://www.nber.org/papers/w17164.pdf
>do you believe obama when he says the unemployment is 3% and were doing better than ever in 17 trillion debt
No, since 2008 things have gone to shit, but the whole "we haven't progressed since the 70s" thing is commie bullshit
>>74527760
>How about cut off all H1B's, OPTs, chain immigration, and TN visas before even contemplating lowering the wages?
lowering wages or lowering the minimum wage? Almost nobody actually makes minimum wage kek, get your shit straight
Sure, cancel the H1B program and illegal immigration. Very few people should work in this country unless they actually live here (and are white, but this part in parenthesis will never be realistic).
>>74527705
Says the EU member with all of its worker protections
>>74527861
that pdf is about min wage im talking about basic income
>we haven't progressed since the 70s
we havnt.... if we had the same technology we have now in the 1970s,1950s, or 1900 for that matter , we would all have better lives just due to the different political and economic climates
the only reason people think were still a rich country is because we have refrigerators and microwaves and tvs they say oh look at that shiny object in that poor persons home
in reality a microwave is 20 bucks
its nothing.
without all this shit laying around this country would be venezuala
>>74528172
No, this one http://www.nber.org/papers/w17164.pdf provides the data we were just discussing.
No wonder you can only get a job at McD, you're hopelessly incompetent.
homeless crisis
>>74517268
>he doesn't know about the Parable of the Broken Window
What the fuck is up with these Poortuguese posters and their theories of """""economics"""""?
>>74519720
>>74525412
>>74519429
What actually constitutes "benefits and other types of labor compensation"? I get that health insurance is one thing, but what would be some others? Are they actually things that a reasonable person would otherwise spend wages to purchase or is it useless shit (i.e., "free" Jamba juice) I'm forced to accept instead of money?
>>74510933
why no africa?
>>74506393
Abolishing minimum wage wouldn't give you its full effect if you don't have a maximum salary enforced.
https://en.wikipedia.org/wiki/Maximum_wage
>>74529680
http://lmgtfy.com/?q=fringe+benefits
