Optimum Minimum Wages can be calculated

[Slyhunter]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

I don't get dressed for less than 10 an hour.
I won't leave the house, or my wilderness camp ground, for less than 10 an hour.
IF it's not enough to feed and house me, why do it.

 

[abrere]

because you should starve if you dont, that's why, you lazy pos. Wtf should others support your worthless ass?

 

[Slyhunter]

because you should starve if you dont, that's why, you lazy pos. Wtf should others support your worthless ass?

So if I refuse to work slave wages that makes me lazy according to you?

 

[Supposn]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

 

[Toddsterpatriot]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.​

Even more like the IC plan. Spooky!​

 

[Slyhunter]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

 

[Toddsterpatriot]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

Who is going to automate all of them?
I will say, hiking the MW too much is a much quicker way to eliminate them......

 

[hadit]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

Don't make the mistake of assuming that there are huge numbers of workers who literally cannot earn more than minimum wage, no matter how good they are at their jobs. There is a relatively small number who cannot advance and earn more as they gain experience. Among them are the disabled and the terminally lazy.

 

[hadit]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

Who is going to automate all of them?
I will say, hiking the MW too much is a much quicker way to eliminate them......

Automation happens when it becomes cheaper than human labor, true. As long as a human is cheaper than a machine, the job won't be automated.

 

[Slyhunter]

The optimum is $0 per hour.

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

Don't make the mistake of assuming that there are huge numbers of workers who literally cannot earn more than minimum wage, no matter how good they are at their jobs. There is a relatively small number who cannot advance and earn more as they gain experience. Among them are the disabled and the terminally lazy.

or, the terminal stupid. I got this nephew ... Should he starve because he's too stupid to graduate high school, or learn a higher level job?

 

[hadit]

that's right. LOTS of people aint WORTH $8 an hour, doing anything. But many of them ARE worth $4 an hour, so they could be making something!

Abrere and Toddsterpatriot, if there was no definite legally set and enforced minimum wage and no shortage of job applicants that would accept the indefinite theoretical minimum wage, that minimum rate would be driven down to the lowest feasible extent.

The minimum wage rate more or less relates to other wage scales in an inverse manner. The minimum rate has a lesser effect upon higher, and a greater effect upon lower wage scales; but due to the concept of wage differentials, it more or less affects all labor compensation in the USA.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise. There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production, but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Respectfully, Supposn

that minimum rate would be driven down to the lowest feasible extent.

Yes, people with no skills and no experience would accept less than the current federal minimum.
As it stands now, they accept $0.

Reducing the purchasing power of the federal minimum wage rate increases USA's rate of poverty and drags upon our median wage more than otherwise.

Raising it too far above the value that the least skilled can produce increases youth unemployment rates and increases poverty and welfare dependency.

There's no doubt that elimination of the federal minimum wage would increase our employment rate and slightly increase our domestic production,

Hmmmmmm…..sounds like your IC "plan".

but due to the detrimental effects of increased poverty, it would be economically and socially net detrimental to our nation.

Even more like the IC plan. Spooky!​

If you are going to automate all the low level jobs the only option left is death or governmental handouts.

Don't make the mistake of assuming that there are huge numbers of workers who literally cannot earn more than minimum wage, no matter how good they are at their jobs. There is a relatively small number who cannot advance and earn more as they gain experience. Among them are the disabled and the terminally lazy.

or, the terminal stupid. I got this nephew ... Should he starve because he's too stupid to graduate high school, or learn a higher level job?

That falls under disability.

 

[Supposn]

ToddsterPatriot, although the elimination of the federal minimum wage would greatly reduce our unemployment rate, and significantly reduce the purchasing power of our median wage and increase the incidences and extents of poverty in our nation.

Your proposal to prohibit the importation of bananas is much less detrimental to our nation. It would not reduce our trade deficit by any perceivable extent and would have little effect upon our numbers of jobs or our median family incomes, but to the extents that it affects could be perceived, the proposal's net effects are more likely to be detrimental than beneficial to our nation.

You don't seem to appreciate what competitive markets can or cannot do. You're not (to the extent that you believe), a conservative.

Respectfully, Supposn

 

[Toddsterpatriot]

ToddsterPatriot, although the elimination of the federal minimum wage would greatly reduce our unemployment rate, and significantly reduce the purchasing power of our median wage and increase the incidences and extents of poverty in our nation.

Your proposal to prohibit the importation of bananas is much less detrimental to our nation. It would not reduce our trade deficit by any perceivable extent and would have little effect upon our numbers of jobs or our median family incomes, but to the extents that it affects could be perceived, the proposal's net effects are more likely to be detrimental than beneficial to our nation.

You don't seem to appreciate what competitive markets can or cannot do. You're not (to the extent that you believe), a conservative.

Respectfully, Supposn

and significantly reduce the purchasing power of our median wage

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

 

[Slyhunter]

ToddsterPatriot, although the elimination of the federal minimum wage would greatly reduce our unemployment rate, and significantly reduce the purchasing power of our median wage and increase the incidences and extents of poverty in our nation.

Your proposal to prohibit the importation of bananas is much less detrimental to our nation. It would not reduce our trade deficit by any perceivable extent and would have little effect upon our numbers of jobs or our median family incomes, but to the extents that it affects could be perceived, the proposal's net effects are more likely to be detrimental than beneficial to our nation.

You don't seem to appreciate what competitive markets can or cannot do. You're not (to the extent that you believe), a conservative.

Respectfully, Supposn

and significantly reduce the purchasing power of our median wage

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

Do some research proof in the pudding is UBER rates. They are contractors and thus don't have to pay the minimum wage. Rates used to be $1.60 a mile but now drop below 0.70 cents per mile. The government estimates that 0.70 per mile is what it cost to run your car so they are operating in the negative income. When I reported my income, doing Uber back at $1.60 a mile I would report negative income on my yearly income. Foreign immigration, not just illegals, get drivers licenses and work 20 hours a day in their cars for pennies on the dollar, doing their own mechanical work (no way they can afford someone else to do it) and drove the prices down to the point I couldn't even make enough money to make the car payment in an 8 hour day. When I started I sometimes made $300 in a single day. Now I'm lucky to make $25.00 in an 8 hour day. Now someone pings you from 15 minutes away, you drive to them and they pay a 5 minute minimum fare of 4 bucks which cost you close to 30 minutes of total driving time and you only get to keep $1.70 of that $4 after paying Ubers share, insurance, etc. which has to go to vehicle upkeep. One mistake, one single problem, and your homeless without a car working those conditions. And it's because of immigrants both legal and illegal.

 

[Supposn]

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

ToddsterPatriot, the nation's population has both an average and a median wage. I assume you know the meaning of the mathematical term, “median”. You just want to upset me by pretending you're ignorant. I suppose you are well aware that for most applications, the “median” rather than the “average” provides us with a much more “usual” or “typical” number.

Eliminating or reducing the purchasing power of the legally mandated minimum wage would reduce the purchasing power of the nation's median wage, which would indicate that most employed wage earners were experiencing a loss of purchasing power.

I believe eliminating the federal minimum wage rate would more than otherwise be deflationary rather than inflationary.

Eliminating our current minimum wage of $7.25 while there was no shortage of unskilled labor, would have a devastating effect upon USA's economy. States would attempt, but couldn't save their own economies.

More people would be employed but wage's purchasing powers would be spiraling down. The state's public assistance programs would be unable to handle their increased numbers of employed people's families that would be unable to financially sustain themselves.
A substantial portion of those now earning $10/per hour would be unemployed, additionally, a substantial portion of those employed would also be in need of public assistance.

Respectfully, Supposn

 

[Wyatt earp]

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

ToddsterPatriot, the nation's population has both an average and a median wage. I assume you know the meaning of the mathematical term, “median”. You just want to upset me by pretending you're ignorant. I suppose you are well aware that for most applications, the “median” rather than the “average” provides us with a much more “usual” or “typical” number.

Eliminating or reducing the purchasing power of the legally mandated minimum wage would reduce the purchasing power of the nation's median wage, which would indicate that most employed wage earners were experiencing a loss of purchasing power.

I believe eliminating the federal minimum wage rate would more than otherwise be deflationary rather than inflationary.

Eliminating our current minimum wage of $7.25 while there was no shortage of unskilled labor, would have a devastating effect upon USA's economy. States would attempt, but couldn't save their own economies.

More people would be employed but wage's purchasing powers would be spiraling down. The state's public assistance programs would be unable to handle their increased numbers of employed people's families that would be unable to financially sustain themselves.
A substantial portion of those now earning $10/per hour would be unemployed, additionally, a substantial portion of those employed would also be in need of public assistance.

Respectfully, Supposn

Your post is insane.. how would wages go down?

 

[Andylusion]

Every automated job should subsidize a poor person.

If that happened, then they would simply leave the country.

Ironically, I was just reading about Puerto Rico, and one of the big problems was that raising the minimum wage, caused manufacturing jobs to leave.

In fact.... and this is very ironic..... Obama himself, actually passed the PROMESA bill, which among other things, allowed them to lower the minimum wage, to keep jobs in Puerto Rico.

The idea that you can force business to subsidize people.... is ridiculous. It never works.

You just jack up the minimum wage, so they automate. You tax automation, so they leave the country.

You can not make business pay for something that they don't want. Your system doesn't work. Every single time you guys try this, you end up with devastation.

 

[Andylusion]

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

ToddsterPatriot, the nation's population has both an average and a median wage. I assume you know the meaning of the mathematical term, “median”. You just want to upset me by pretending you're ignorant. I suppose you are well aware that for most applications, the “median” rather than the “average” provides us with a much more “usual” or “typical” number.

Eliminating or reducing the purchasing power of the legally mandated minimum wage would reduce the purchasing power of the nation's median wage, which would indicate that most employed wage earners were experiencing a loss of purchasing power.

I believe eliminating the federal minimum wage rate would more than otherwise be deflationary rather than inflationary.

Eliminating our current minimum wage of $7.25 while there was no shortage of unskilled labor, would have a devastating effect upon USA's economy. States would attempt, but couldn't save their own economies.

More people would be employed but wage's purchasing powers would be spiraling down. The state's public assistance programs would be unable to handle their increased numbers of employed people's families that would be unable to financially sustain themselves.
A substantial portion of those now earning $10/per hour would be unemployed, additionally, a substantial portion of those employed would also be in need of public assistance.

Respectfully, Supposn

That's ridiculous.

Every single country that has ever lowered it's minimum wage, has seen employment go up. Greece lowered their minimum wage, and employment immediately went up.

And shockingly, if more people are working and producing, the economy recovers.

This is bonkers. you are economically illiterate.

 

[Slyhunter]

Nobody earns a median wage, they earn a wage.
Do you feel eliminating the minimum wage would reduce your wages? Why?
Do you feel eliminating the minimum wage would be inflationary? Why?

and increase the incidences and extents of poverty in our nation.

If you're worth $10/hour, why would eliminating the current federal minimum wage of $7.25 harm you?

You don't seem to appreciate what competitive markets can or cannot do.

You don't seem to appreciate what government mandates can or cannot do.

ToddsterPatriot, the nation's population has both an average and a median wage. I assume you know the meaning of the mathematical term, “median”. You just want to upset me by pretending you're ignorant. I suppose you are well aware that for most applications, the “median” rather than the “average” provides us with a much more “usual” or “typical” number.

Eliminating or reducing the purchasing power of the legally mandated minimum wage would reduce the purchasing power of the nation's median wage, which would indicate that most employed wage earners were experiencing a loss of purchasing power.

I believe eliminating the federal minimum wage rate would more than otherwise be deflationary rather than inflationary.

Eliminating our current minimum wage of $7.25 while there was no shortage of unskilled labor, would have a devastating effect upon USA's economy. States would attempt, but couldn't save their own economies.

More people would be employed but wage's purchasing powers would be spiraling down. The state's public assistance programs would be unable to handle their increased numbers of employed people's families that would be unable to financially sustain themselves.
A substantial portion of those now earning $10/per hour would be unemployed, additionally, a substantial portion of those employed would also be in need of public assistance.

Respectfully, Supposn

Your post is insane.. how would wages go down?

Wages would go down because employers could then legally pay less for employees and there are more people wanting jobs then there are jobs.

 

[Slyhunter]

Every automated job should subsidize a poor person.

If that happened, then they would simply leave the country.

Ironically, I was just reading about Puerto Rico, and one of the big problems was that raising the minimum wage, caused manufacturing jobs to leave.

In fact.... and this is very ironic..... Obama himself, actually passed the PROMESA bill, which among other things, allowed them to lower the minimum wage, to keep jobs in Puerto Rico.

The idea that you can force business to subsidize people.... is ridiculous. It never works.

You just jack up the minimum wage, so they automate. You tax automation, so they leave the country.

You can not make business pay for something that they don't want. Your system doesn't work. Every single time you guys try this, you end up with devastation.

Then you raise tariffs.