We should be raising the minimum wage according to most economists

[Ausm]

Really? Try again. The more a job costs the greater the incentive to offshore it. Haven't you heard that drive thrus have tested offshoring the person you talk to over the speaker?

Maybe they should offshore CEO's?

 

[Munky]

I don't know it seems awfully difficult for Chinese workers to serve food to me.

But it won't be difficult for employers to cost shift the price of food service to the consumer.

 

[SagaLore]

I don't know it seems awfully difficult for Chinese workers to serve food to me.

Funny you mention that since those servers are being paid well below minimum wage. :whiste:

 

[Londo_Jowo]

Many states tipped employees minimum wage is $2.13/hr.

http://www.dol.gov/whd/state/tipped.htm

 

[BoberFett]

Maybe they should offshore CEO's?

Frankly, I don't understand why stockholders put up with as much as they do. Certainly you can find someone who will run a company well for $1M/yr. As a stockholder the insane compensation packages affect your earnings directly, but apparently enough people are apathetic enough about their money to not care how their investment is performing.

 

[BoberFett]

I don't know it seems awfully difficult for Chinese workers to serve food to me.

Why would someone in China make your food? Someone in China will build a robot that makes your food. Same result.

 

[nehalem256]

Frankly, I don't understand why stockholders put up with as much as they do. Certainly you can find someone who will run a company well for $1M/yr. As a stockholder the insane compensation packages affect your earnings directly, but apparently enough people are apathetic enough about their money to not care how their investment is performing.

Because companies are controlled by "incestuous" Board of Directors.

 

[nehalem256]

Why would someone in China make your food? Someone in China will build a robot that makes your food. Same result.

Why doesn't this food serving robot do so already?

 

[BoberFett]

Why doesn't this food serving robot do so already?

Likely due to a combination of factors, including the maturity of the technology and the current wages of the average burger flipper.

But if you don't believe that companies aren't already researching robotics for this very purpose and would jump on it as soon as the economics make sense, for instance with a large minimum wage jump or drastic decrease to the cost of the technology, then you're a fool.

Do you honestly think dropping fries into a vat of grease requires a human? Sales history from the registers could easily tell a computer exactly how many pounds of fries it should make, changes in volume can easily be accounted for, and a machine could very easily lower and raise a basket. The only thing keeping it from being done that way is that the cost of a labor to do so currently beats the cost of the machine. That can change with the stroke of a pen.

It seems to me you don't understand a thing about business.

 

[shortylickens]

Gee thats funny cuz all the economists at my school say its at best pointless and at worst, causes problems.

PSA: The economists at George Mason are frequently interviewed by reporters across the nation.

 

[nehalem256]

Likely due to a combination of factors, including the maturity of the technology and the current wages of the average burger flipper.

But if you don't believe that companies aren't already researching robotics for this very purpose and would jump on it as soon as the economics make sense, for instance with a large minimum wage jump or drastic decrease to the cost of the technology, then you're a fool.

This is the key part. If the minimum wage went up to say $8.25 as I suggested it should do you think 10,000s of machines to replace all of there workers?

Do you honestly think dropping fries into a vat of grease requires a human?

And who do you think is going to carry the fries to my table?

 

[BoberFett]

This is the key part. If the minimum wage went up to say $8.25 as I suggested it should do you think 10,000s of machines to replace all of there workers?



And who do you think is going to carry the fries to my table?

Are you ignorant on purpose or were you born that way?

 

[rudder]

Many union contracts are based on minimum wage. Minimum wage goes up... So does the value of those contracts. And that is the rest of the story.

 

[OverVolt]

Gee thats funny cuz all the economists at my school say its at best pointless and at worst, causes problems.

PSA: The economists at George Mason are frequently interviewed by reporters across the nation.

Are these the same ones that totally saw 2008 coming and thought houses could in fact rise forever

Or the ones talking about the USSR as a model communist society 6 months before it utterly collapsed. (required a new econ text book to be made, haha)

Or the ones currently "fixing" Europe.

Or the ones who took gasoline and food out of the CPI for inflation

Or... you get the idea.

Or the ones who make adjustments to the unemployment data that are 10fold the jobs actually created/lost cause apparently 100million people or so are happily unemployed.

Anyway food for thought, minimum wage had been around $10 when adjusted for inflation in the late 1970's.

 

[soccerballtux]

Min wage increase is a tax on the middle class.
We have enough of those.