Business responds to $15 minimum wage demands

[william the wie]

Economics is not a real science. You don't seem to know this basic fact. Try using it with patent law protections and oligarchies, and see what happens to all those nice graphs and formulas, and the fact that there are very few competitors in any business these days, especially so for commodities and raw materials.

I'd probably say the same thing if I knew nothing about economics like yourself.

Well economics has no unified general theory: labor, trade, demographics, behavioral, Government et al cannot be worked up into a general theory because it costs too much to get the data needed and massaged. Even 99.9% certainty on the 200+ inputs for a bare bones GDP like India uses means a huge margin of error. Compared to global warming, macro-evolution and other hard "sciences" economics looks like number theory but that ain't that high a bar.

That misses the point.

Simply because econometrics is unable to estimate human behavior with the precision of physics does not invalidate our general understanding of economics. It's like saying we should ignore everything in the social sciences, or the hard sciences for that matter, if it can't be measured exactly.

Pitardo's comment about economics being invalid because it doesn't deal with monopolies and oligopolies is not only irrelevant to the cost dynamics of capital/labor substitution, which is the topic of the OP, it is factually wrong.

That I agree with. But in Economics glossing over uncertainty in analysis is the rule more often than exception. That needs to stop.

 

[Picaro]

Economics is not a real science. You don't seem to know this basic fact. Try using it with patent law protections and oligarchies, and see what happens to all those nice graphs and formulas, and the fact that there are very few competitors in any business these days, especially so for commodities and raw materials.

I'd probably say the same thing if I knew nothing about economics like yourself.

Well economics has no unified general theory: labor, trade, demographics, behavioral, Government et al cannot be worked up into a general theory because it costs too much to get the data needed and massaged. Even 99.9% certainty on the 200+ inputs for a bare bones GDP like India uses means a huge margin of error. Compared to global warming, macro-evolution and other hard "sciences" economics looks like number theory but that ain't that high a bar.

That misses the point.

Simply because econometrics is unable to estimate human behavior with the precision of physics does not invalidate our general understanding of economics. It's like saying we should ignore everything in the social sciences, or the hard sciences for that matter, if it can't be measured exactly.

Pitardo's comment about economics being invalid because it doesn't deal with monopolies and oligopolies is not only irrelevant to the cost dynamics of capital/labor substitution, which is the topic of the OP, it is factually wrong.

That I agree with. But in Economics glossing over uncertainty in analysis is the rule more often than exception. That needs to stop.

Well, it can't stop, since it has no proofs to establish any sort of empirical standards with; Toro's superstitious twittery being a classic example of how inanity is supposed to replace facts and genuine theories. Astrology has more basis in reality than the vast majority of 'Economics' does. It mainly serves a a crutch for assorted fantasies and made up propaganda, again as we see in the standard right wing delusions and Toro's weird beliefs. 'Cuz, like, they're all lazy n stuff" isn't a response based on science, sorry to break this news to the trolls here.

 

[Picaro]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

you're either worth the money you are paid or you are not.

ain't much middle ground in that. if not, something else will be found for long term savings.

period.

What are the costs of 70% unemployment rates? How does cash circulate without payrolls and wages and keep the system moving and growing? Customers are necessary, and disposable incomes.

dunno. what is the cost of letting people with no ambition in life get more than a paramedic for asking if you want fries with that?

People simply spend more when they have more; that creates demand.

Yes, in the private markets right wingers are supposed to support. But they actually prefer command economies at the end of the day, where their costs are socialized for them while they profit privately. That's what Wall Street is in real life, a way to get more money than one is actually worth, at the expense of others who do actually produce stuff. This is why finance is so cozy with Commies, and supports massive labor racketeering and police states like Red China, over the U.S.'s 'populism'.

 

[BULLDOG]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

 

[Toro]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

 

[Toro]

Well, it can't stop, since it has no proofs to establish any sort of empirical standards with; Toro's superstitious twittery being a classic example of how inanity is supposed to replace facts and genuine theories. Astrology has more basis in reality than the vast majority of 'Economics' does. It mainly serves a a crutch for assorted fantasies and made up propaganda, again as we see in the standard right wing delusions and Toro's weird beliefs. 'Cuz, like, they're all lazy n stuff" isn't a response based on science, sorry to break this news to the trolls here.

You're "reasoning" is why economies like Venezuela occur.

You get an F.

 

[Toro]

That I agree with. But in Economics glossing over uncertainty in analysis is the rule more often than exception. That needs to stop.

When you have figured out a grand unified mathematical proof of human behavior, get back to us.

 

[danielpalos]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

technology is improving and lowering costs all the time, anyway.

We don't care if we lose low wage jobs. A fifteen dollar an hour minimum wage will put an upward pressure on wages.

 

[danielpalos]

Well, it can't stop, since it has no proofs to establish any sort of empirical standards with; Toro's superstitious twittery being a classic example of how inanity is supposed to replace facts and genuine theories. Astrology has more basis in reality than the vast majority of 'Economics' does. It mainly serves a a crutch for assorted fantasies and made up propaganda, again as we see in the standard right wing delusions and Toro's weird beliefs. 'Cuz, like, they're all lazy n stuff" isn't a response based on science, sorry to break this news to the trolls here.

You're "reasoning" is why economies like Venezuela occur.

You get an F.

lousy management is why that happens.

 

[busybee01]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

Trump supporters want to force manufacturers back to the US. That is no different than the $15 hour crowd.

That's the smart thing to do, which is why he's doing it. Of course the establishment loves the Red Chinese, and think they're corporations' new BFF's, never mind the wars and slaughter they're going to indulge in the second there is nobody to restrain them. All of the Party cadre leaders still worship Mao as a god, after all, and cheap, military controlled labor is what big business loves, not any different than slave owners or Commies at the end of the day. It's where both left wingers and right wingers agree and what they work for.

You are making the same mistake the $15 hour crowd is making. If manufacturers are forced into the US they will do more automation. That is what Carrier did.

 

[Cellblock2429]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

Trump supporters want to force manufacturers back to the US. That is no different than the $15 hour crowd.

That's the smart thing to do, which is why he's doing it. Of course the establishment loves the Red Chinese, and think they're corporations' new BFF's, never mind the wars and slaughter they're going to indulge in the second there is nobody to restrain them. All of the Party cadre leaders still worship Mao as a god, after all, and cheap, military controlled labor is what big business loves, not any different than slave owners or Commies at the end of the day. It's where both left wingers and right wingers agree and what they work for.

You are making the same mistake the $15 hour crowd is making. If manufacturers are forced into the US they will do more automation. That is what Carrier did.

/----/ No one is forcing them to re enter the US. Enticed maybe but no one is forcing them to do anything. Geeeze.

 

[BULLDOG]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

A less than living wage is not tolerable. Doesn't matter how many robots are standing by.

 

[Cellblock2429]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

A less than living wage is not tolerable. Doesn't matter how many robots are standing by.

/----/ Agreed. One must constantly improve oneself in order to have marketable skills to earn a "livable wage."

 

[Admiral Rockwell Tory]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

you're either worth the money you are paid or you are not.

ain't much middle ground in that. if not, something else will be found for long term savings.

period.

What are the costs of 70% unemployment rates? How does cash circulate without payrolls and wages and keep the system moving and growing? Customers are necessary, and disposable incomes.

dunno. what is the cost of letting people with no ambition in life get more than a paramedic for asking if you want fries with that?

Yes, I know right wingers can never answer real questions, they have to impose silly definitions and fantasy anecdotes and pretend they're responses. So, you and the 10 or so 'productive' people out of the U.S. population, according to the legends in your own minds, will carry the economy into the future. Sure, sure you will. And, you will shit gold turds, and cure cancer, too. lol

Can I ask you a very simple question?

I can't name another poster on this forum like you. The vicious attitude combined with a complete dismissal of anything with which you disagree is unmatched.

How did you wind up to be so stupid and so angry at the same time?

Are you stupid because you are angry, or angry because you are stupid?

 

[Cellblock2429]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

/----/ When minimum wage was 75 cents an hour and teens lined up at McDonalds to compete for the jobs. Two meals and change of a dollar. (The burgers were small but the shake and fries filled you up. I know from experience.)

 

[danielpalos]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

Trump supporters want to force manufacturers back to the US. That is no different than the $15 hour crowd.

That's the smart thing to do, which is why he's doing it. Of course the establishment loves the Red Chinese, and think they're corporations' new BFF's, never mind the wars and slaughter they're going to indulge in the second there is nobody to restrain them. All of the Party cadre leaders still worship Mao as a god, after all, and cheap, military controlled labor is what big business loves, not any different than slave owners or Commies at the end of the day. It's where both left wingers and right wingers agree and what they work for.

You are making the same mistake the $15 hour crowd is making. If manufacturers are forced into the US they will do more automation. That is what Carrier did.

The fifteen dollar an hour crowd prefers a positive multiplier effect to any socialism on a national basis from the right wing.

 

[Cellblock2429]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

Trump supporters want to force manufacturers back to the US. That is no different than the $15 hour crowd.

That's the smart thing to do, which is why he's doing it. Of course the establishment loves the Red Chinese, and think they're corporations' new BFF's, never mind the wars and slaughter they're going to indulge in the second there is nobody to restrain them. All of the Party cadre leaders still worship Mao as a god, after all, and cheap, military controlled labor is what big business loves, not any different than slave owners or Commies at the end of the day. It's where both left wingers and right wingers agree and what they work for.

You are making the same mistake the $15 hour crowd is making. If manufacturers are forced into the US they will do more automation. That is what Carrier did.

The fifteen dollar an hour crowd prefers a positive multiplier effect to any socialism on a national basis from the right wing.

/----/ Huh????

 

[danielpalos]

Automation has taken jobs for a while, and will only take more in the future. It has nothing to do with people demanding a living wage for their work.

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

A less than living wage is not tolerable. Doesn't matter how many robots are standing by.

/----/ Agreed. One must constantly improve oneself in order to have marketable skills to earn a "livable wage."

Some on the left prefer an, "easier standard". A fifteen dollar an hour minimum wage beats the cost of social services; it really is that simple.

 

[danielpalos]

Walmart Launches Small Army Of Autonomous Scanning Robots
Well Libs, business will always outsmart politicians, the government policy makers and you freeloaders who want $$$ for doing nothing.
MILPITAS (KPIX 5) – Artificial intelligence will soon be put to work at Walmart stores around the country. And it could be a game-changer for retail.

The company is launching a small army of autonomous scanning robots.

The robots are 6 feet tall, equipped with an array of lights, cameras, and radar sensors.

It then goes up and down each aisle on its own, at 2 to 3 mph, scanning the shelves for empty spots, and also checking the price tags.

Because the robot uses LIDAR and other video cameras, what the robot actually sees is very similar to what a self-driving car sees.

Trump supporters want to force manufacturers back to the US. That is no different than the $15 hour crowd.

That's the smart thing to do, which is why he's doing it. Of course the establishment loves the Red Chinese, and think they're corporations' new BFF's, never mind the wars and slaughter they're going to indulge in the second there is nobody to restrain them. All of the Party cadre leaders still worship Mao as a god, after all, and cheap, military controlled labor is what big business loves, not any different than slave owners or Commies at the end of the day. It's where both left wingers and right wingers agree and what they work for.

You are making the same mistake the $15 hour crowd is making. If manufacturers are forced into the US they will do more automation. That is what Carrier did.

The fifteen dollar an hour crowd prefers a positive multiplier effect to any socialism on a national basis from the right wing.

/----/ Huh????
View attachment 184140

Nobody takes the right wing seriously about economics.

The Multiplier Effect

 

[Cellblock2429]

Yes it does.

If the cost of labor is too high relative to productive output, labor will be replaced by automation.

It will accelerate when politicians peg the price of labor above its clearing price, as is happening at Walmart.

So you think all the work on automating fast food jobs only began a few months ago when the push for a living wage started in earnest? Of course it didn't. When the equipment was ready for market, it started being used. Had nothing to do with how much the burger flippers were being paid.

It's been around in Europe for several years. Because the cost of labor is significantly higher over there, they started implementing automation earlier. Now that wages are rising here, and people don't want to pay more for their Big Mac, that technology is being transferred over here.

It's a very, very simple concept - businesses will opt for the cheapest option to produce the same level of output, whether that's capital or labor. If labor is too expensive, capital will be substituted for it.

You were warned this was going to happen. The article was from 2016.

Ex-McDonald’s CEO says raising the minimum wage will help robots take jobs

Leftists think business just magically happens.

A less than living wage is not tolerable. Doesn't matter how many robots are standing by.

/----/ Agreed. One must constantly improve oneself in order to have marketable skills to earn a "livable wage."

Some on the left prefer an, "easier standard". A fifteen dollar an hour minimum wage beats the cost of social services; it really is that simple.

/----/ Try and live in a Blue State on $15 an hour. BTW, get an education and some skills.
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