The Soapbox

Joined: 06/03/2005 Posts: 31020
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Sure. But automation requires investment. The cost of automation

will also come down over time causing jobs to be automated in the future that it doesn't make sense to automate now. But raising the cost of labor can also change the equation and cause an investment in automation that previously didn't make financial sense to suddenly become a viable investment.

There's a market clearing price for labor. The fact that less than 1% of the US makes the minimum wage tells you that businesses don't hold disproportionate power over employees when it comes to setting wages (if they did, far more people would make exactly the minimum wage). I don't know why we'd want to make the lowest skilled, most vulnerable employees suddenly more expensive for employers.

(In response to this post by 111Balz)

Posted: 07/08/2019 at 8:49PM

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The party for the working poor ladies and gentleman. -- Hoodafan 07/08/2019 5:43PM

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Sure, but the more expensive you make -- BocaHoo91 07/08/2019 7:50PM

If a job can be automated eventually the automation -- 111Balz 07/08/2019 8:40PM

Sure. But automation requires investment. The cost of automation -- BocaHoo91 07/08/2019 8:49PM

23 million workers make $11 or less. Nearly half of all workers -- 111Balz 07/08/2019 8:54PM

Right. So why don't employers pay them $7.25 instead? ** -- BocaHoo91 07/08/2019 8:57PM

I’m not really sure that’s the right question -- 111Balz 07/08/2019 9:04PM

Of course there's good evidence that employers will pay employers as little -- BocaHoo91 07/08/2019 9:07PM

Balzie’s employer pays him big coin to post on a message board all day. ** -- BambooHoo 07/08/2019 10:15PM

Re: Balzie’s employer pays him big coin to post on a message board all day. -- 111Balz 07/09/2019 07:04AM

You forgot STFU and didn't call him an asshole. Slipping... -- BFKDHokies 07/09/2019 12:13PM

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