WhipperSnapper
Lifer
I want one for my house.
Don't sell yourself short. Hold out for the 3D Food Printer. Coming soon.
I want one for my house.
Since the Job growth has been in flipping burgers, the real question is what to do with all those unemployed when even their crappy Jobs are gone?
I'll also point out that there's no Wage pressure pushing McDonalds/Others to Mechanize burger flipping. It is simply affordable Technology that will bring about such a change.
So again, what do you do with all those people?
There's nothing wrong with technological advance. Decades ago light bulbs replaced candles and put the candlemakers out of business. Then automobiles replaced the horse-and-buggy and put horseshoers and buggymakers out of business.
And they will get paid more, but again they won't be the same workers that are there now.
They'll have AA's in electronics tech, so when the machines break they can either fix them or at least understand instructions from a central support group. They'll probably make $20/hr+, and it will just take one of the to run the whole shop.

Don't sell yourself short. Hold out for the 3D Food Printer. Coming soon.
Welcome to the 21st century. Automation can and will continue to eliminate jobs. It may create 1 skilled job in engineering or machine maintenance for every 5 it eliminates, but the math is inexorable.
The problem with the OP's point is that it is inevitable. Even if you don't bother raising the minimum wage or increasing their salaries, eventually the machines will be more cost-effective. Maybe not if they work for $1/hr but this isn't the third world and no-one can live off that.
Machines doing check out at grocery stores, chat-boxes handling customer service, robots cleaning houses. They only improve over time.
Since the elimination of jobs through automation cannot be avoided in the future, the long term question is what happens to all these people who are out of jobs.
I am an engineer in Silicon Valley. We are the ones building computers to outsource your job to a robot 🙂
So... You're building the fast food machines... Design.. Coding instructions, etc. In order that everything works correctly and accurately. But wouldn't that mean that, in essence, you really are applying an expensive engineering degree and years of industry experience in order to ask... "... do we want fries with that?" 😀
So... You're building the fast food machines... Design.. Coding instructions, etc. In order that everything works correctly and accurately. But wouldn't that mean that, in essence, you really are applying an expensive engineering degree and years of industry experience in order to ask... "... do we want fries with that?" 😀
The problem as I see it is that conservative logic is a dead-end in the long-run. The argument is that by providing the safety net, you take away people's motivation to work. That is certainly true to some extent. I would never claim otherwise. However, it isn't clear why that is even relevant when the jobs don't exist. It doesn't matter how motivated people are when there is long term, structural unemployment built into the economy.
The irony is that automation can increase productivity and make goods and services much, much less expensive. Sounds like there will be plenty for everyone. But our most basic economic premise is that you work for whatever you get. I'm not maligning that idea. It makes sense. It may just not be feasible in the long-run.
Yup, welcome to the answers of increasing minimum wage to $14 or whatever you modern progressives make up as a 'livable wage'.
And this is only the beginning... Soon there will be no need for walmart employees, janitors, and other min wage level jobs.
It's easy to blame the libs for this one, this is what happens when you screw with fundamental required aspects of our economy.
Walmart is going to benefit from higher minimum wage, since their shoppers will have more money to spend. So they will be able to afford higher wages themselves. There is nothing fundamental about low minimum wage, US economy grew much faster in the 60s and had far lower unemployment when minimum wage was higher adjusted for inflation.
You guys are pathetic humans, seriously!
Exactly why are you opposed to people getting paid more? Because you don't want to pay an extra 4 cents for a highly prepoccesed food product because your cheap ass is too lazy to make your own food!
And if that's not it then why the fuck do you guys care? Let me guess, you think it will drive up costs for everything else, despite the fact, as I already mentioned, the increase in pay would result in a pittance of a price increase in cheap food.
So what exactly is your reasoning to shit on other people that have no affect on you?
There's nothing wrong with technological advance. Decades ago light bulbs replaced candles and put the candlemakers out of business. Then automobiles replaced the horse-and-buggy and put horseshoers and buggymakers out of business.
Although the free market dogmatist ubermenschen and Lucky Sperm Clubbers might gleefully anticipate the evil poor (who just want to be able to afford a decent living) being put out of work and starving to death, automation will simply lower the prices of affected goods and services, which means that the money spent on those goods and services will end up being spent in other fields, resulting in new jobs in different fields.
Furthermore, labor costs spur innovation and the application of technology. If the supply of labor were infinite and the cost of labor were nil, there wouldn't be any reason to have efficient production.
Walmart is going to benefit from higher minimum wage, since their shoppers will have more money to spend.
There is nothing fundamental about low minimum wage, US economy grew much faster in the 60s and had far lower unemployment when minimum wage was higher adjusted for inflation.
Welcome to the 21st century. Automation can and will continue to eliminate jobs. It may create 1 skilled job in engineering or machine maintenance for every 5 it eliminates, but the math is inexorable.
The problem with the OP's point is that it is inevitable. Even if you don't bother raising the minimum wage or increasing their salaries, eventually the machines will be more cost-effective. Maybe not if they work for $1/hr but this isn't the third world and no-one can live off that.
Machines doing check out at grocery stores, chat-boxes handling customer service, robots cleaning houses. They only improve over time.
Since the elimination of jobs through automation cannot be avoided in the future, the long term question is what happens to all these people who are out of jobs.
At one of our dinners, Milton recalled traveling to an Asian country in the 1960s and visiting a worksite where a new canal was being built. He was shocked to see that, instead of modern tractors and earth movers, the workers had shovels. He asked why there were so few machines. The government bureaucrat explained: “You don’t understand. This is a jobs program.” To which Milton replied: “Oh, I thought you were trying to build a canal. If it’s jobs you want, then you should give these workers spoons, not shovels.”
By raising minimum wage, obviously. Those former burger flippers, order pickers, and forklift drivers, due to their higher wages, have gone on to design and build the robots of the future. Clearly the answer is continuing to raise minimum wage further.
You guys are pathetic humans, seriously!
Exactly why are you opposed to people getting paid more? Because you don't want to pay an extra 4 cents for a highly prepoccesed food product because your cheap ass is too lazy to make your own food!
And if that's not it then why the fuck do you guys care? Let me guess, you think it will drive up costs for everything else, despite the fact, as I already mentioned, the increase in pay would result in a pittance of a price increase in cheap food.
So what exactly is your reasoning to shit on other people that have no affect on you?
Conservative logic of working harder to support yourself is no more broken than the liberal logic of take from those who produce and give to those who do not.
The answer is people will adapt. You don't see people complaining that they've been looking for a job as a bank teller for 20 years but the doggone ATMs have made them unnecessary. The economy isn't some arbitrary force. It's the result of people's trade decisions.
If we ever get to the point where machines can do everything that normal jobs do now, then literally no one will need jobs anymore. We won't have to work to survive. Jobs aren't made because of some magnanimous decision to create a job for some poor soul. They're made to satisfy a need.
I'm reminded of an experience of Milton Friedman:
1. WalMarts direct labor costs will increase.
2. WalMarts COGS will increase.
3. What makes you think they'll spend the extra earnings at WalMart at a rate which makes up for WalMarts increased costs in 1 & 2?