tanqtonic
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RE: Trump Administration
(04-09-2018 12:45 PM)RiceLad15 Wrote: (04-09-2018 12:30 PM)tanqtonic Wrote: (04-09-2018 12:25 PM)RiceLad15 Wrote: (04-09-2018 12:16 PM)tanqtonic Wrote: (04-09-2018 11:56 AM)RiceLad15 Wrote: I always wonder when comments like this are brought up. Is it so much better that we have a glut of low, non-living wage minimum-wage jobs as opposed to fewer, living-wage minimum-wage jobs? In the current paradigm we have people who are working 40+ hours a week and not able to provide a decent, not extravagant, life for them and their families. Is that really what we want society to be? These people are adding value in their job, after all. And shouldn't we make sure that those who are willing to work are rewarded for the effort? Currently, that doesn't happen.
Is it really that much better that we have an economy full of jobs that don't allow people to earn a living wage while adding some value to the economy, as opposed to the other situation? At least if we had mass unemployment/poverty that may be caused by an increase in the minimum wage to a living wage, that we would be compelled to try and fix the problem, and possibly move towards a universal income type system.
At some point, robots will be taking over plenty of these jobs, regardless of how high the minimum wage is.
The raising of the minimum wage speeds that type of job destruction.
10 years ago kiosk technology was in a state of 'neat idea, stupid economically'. Thanks to the Democrats and the jihad to 15 MW, the shares I got in kiosk makers for side work are doing *very* nicely -- had two of those companies bought out lock stock and barrel in the last three years.
Funny how the 15 MW jihad is actually exacerbating the 'immoral' wealth transfer in that respect; especially when the MW (whatever it is) in the long run is utterly meaningless.
But Democrats and liberals don't seem to understand that in the short term that quixotic quest actually massively speeds job destruction for the people that tend to vote that way (for the most part). The companies that sold, the CEO of one of them quipped that the MW quest of the last four years was the best thing that ever happened to them --- it gave them a short term window to replace people with their product. He also quipped that he was responsible for the 'destruction' of over 200,000 jobs, based on his sales, and the liberals gave him the opportunity to do so.
Actually, back that up. I shouldnt assume that the issue is 'not understanding' that they are complicit in the massive job destruction that they have given the opportunity for -- another plausible explanation is that the MW is a *great* feelly-goody issue they can rail about and get short term benefits (i.e. votes) all while completely understanding the opportunity this has given the marketplace to speed the destruction of the jobs of those whom they are courting the votes of. Equally as likely....
So liberals and progressives, thanks a ton for the 10x parlay of time for money in this instance. Really do appreciate it!
Edited to add: any discussion about the advantages of MW are utterly baseless on the economics. Any first year microeconomics course has that wonderful two day part of the book that sows why rent controls and price controls are actually quite bad and destructive at the worst, and not effectual at the theoretical best. But it is really interesting that that freshmen level concept never seems to be applied to the most pervasive price control in existence -- the MW.
This hits on my point - which situation is better? Speeding up the inevitable so that we are actually forced to tackle the automation issue head on. Or slowing that down and keeping jobs around that don't allow people who are willing to work the ability to earn a living wage?
You really didn't touch on that question, at all. Instead, you just provided a snide response describing one outcome of raising the MW, without any commentary on the question that I posed.
Do you not think the current system we have, which does not reward people who are willing to provide utility to society with a livable wage, is not broken in its current state? Why or why not?
Not just one outcome -- *the* outcome mind you. If you want to be a Luddite vis a vis job issues, so be it; I am not the one to change your mind.
The fundamental principle of free market capitalism is creative destruction. It is *not* to ensure that everyone has a 'living wage'.
And btw, not a *snide* response, simply one based on reality. And one based on 35 years in the workforce Lad. So cut with the implied ad-homs there, Lad, but that comment is not unfamiliar since most who adduce support or vocalize paeans to the concept of a living wage typically find that real-world set of vignettes 'snide' (or worse).
The solution, imo 'snide' opinion, rests not with social engineering like so many prog and liberal solutions seemingly gravitate to. The issue is a ****** up education system. My solution, but to be given salt as it is probably 'snide', is to pay more attention to education and emphasize that within a construct not unlike the Germans apply to both education *and* employment.
Perhaps you should reread your post with respect to the tone you used if you don't think you were being snide.i ..
At least by the last paragraph you started to discuss the issue at hand - which is how to address the problem's we're facing. As you stated above it, you're right that free market capitalism's job is not to ensure everyone has a living wage - when did I suggest it wasn't? I'm saying that SOCIETY'S responsibility is to do such - and laws can policy can help dictate that society takes care of that issue so that those who are willing to work are compensated as such.
Can you expand a bit more on how you see the use of the German system (with a very robust apprenticeship system) will address the issue of law-wage jobs providing a decent standard of living? Germany has a higher MW than the US, and they believe that the increase in the MW in 2015 has lead to a lot of benefits (https://www.citylab.com/equity/2017/07/m.../533568/). I don't know about other benefits, but I imagine they have programs in place that help with housing as well (I'm basing that off my experience with the Dutch).
I agree that moving towards a German style of education would be good for the workforce overall (I believe Georgia is actively expanding a program like this), but I don't see how it addresses the MW issue.
Robust apprenticeship provides a massive skill base. You have the skills in place there is no (or very little) need for MW. The vast majority of the German populace is in no way, shape, or form impacted by MW laws. The German paradigm creates a system that is much more a self-correcting economic system; you are compensated for the skills you bring to the table.
The German education and jobs paradigm actually brings my view of the MW far more into focus since it elevates most Germans into the forum of dealing in the free marketplace and letting that marketplace be the arbiter of the their value. Less dickish and less snide enough for you?
Btw since you called my outcome post 'snide', perhaps you would engage us in what the otehr outcomes of increased MW and living wage laws are? Since my outcome was 'snide', please enlighten us on how you see the effects and results of increased MW and living wages? Or do you think that my comment on increased MW increases the rate of entry job destruction is incorrect (or perhaps 'snide' because of its incorrectness)?
And, tbh, I consider most MW regimes to be stupid. They are at best ineffectual economically. At worst they do precisely what we see happening en masse right now. At the *very* worst they do the previous sentence *and* invite the government to state what is 'fair'. But, to each their own, and I am sure there are a whole plethora of people who not only look on the last point without concern, but it is seemingly very inviting to their outlook.
(This post was last modified: 04-09-2018 01:21 PM by tanqtonic.)
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