What is lost when minimum wage goes up...

[healthmyths]

There are now more than 260,000 robots working in U.S. factories. Orders and shipments for robots in North America set new records in 2015, according to industry trade group Robotic Industries Association. A total of 31,464 robots, valued at a combined $1.8 billion, were ordered from North American companies last year, marking a 14% increase in units and an 11% increase in value year-over-year.
There are now 260,000 robots working in U.S. factories

Think about.
One robot cost on average $57,208.24 based on the above statistic.
Work life 24 hours/day 7 days per week or cost per hour: $6.8 per hour.
Average auto worker annual salary:Roughly speaking, the average hourly pay for a member of the United Auto Workers currently ranges from $28 to $38 or so for those hired before September 2007,
Using $30/ hour working 40 hours/week paid for 52 weeks equals: $62,400 PLUS SS/Medicare of 6.5% or total $66,549.

Compared to $31 an hour for human versus $6.8 for robot... no brainer!!!

PLUS cost to Federal tax revenue...at say $3,000 times 250,000 replace by robots: almost $1 billion a year!

 

[healthmyths]

So where are those of you that want a $15 minimum wage?

 

[NoTeaPartyPleez]

There are now more than 260,000 robots working in U.S. factories. Orders and shipments for robots in North America set new records in 2015, according to industry trade group Robotic Industries Association. A total of 31,464 robots, valued at a combined $1.8 billion, were ordered from North American companies last year, marking a 14% increase in units and an 11% increase in value year-over-year.
There are now 260,000 robots working in U.S. factories

Think about.
One robot cost on average $57,208.24 based on the above statistic.
Work life 24 hours/day 7 days per week or cost per hour: $6.8 per hour.
Average auto worker annual salary:Roughly speaking, the average hourly pay for a member of the United Auto Workers currently ranges from $28 to $38 or so for those hired before September 2007,
Using $30/ hour working 40 hours/week paid for 52 weeks equals: $62,400 PLUS SS/Medicare of 6.5% or total $66,549.

Compared to $31 an hour for human versus $6.8 for robot... no brainer!!!

PLUS cost to Federal tax revenue...at say $3,000 times 250,000 replace by robots: almost $1 billion a year!

Sounds great until it's YOUR job that is expendable.

 

[healthmyths]

There are now more than 260,000 robots working in U.S. factories. Orders and shipments for robots in North America set new records in 2015, according to industry trade group Robotic Industries Association. A total of 31,464 robots, valued at a combined $1.8 billion, were ordered from North American companies last year, marking a 14% increase in units and an 11% increase in value year-over-year.
There are now 260,000 robots working in U.S. factories

Think about.
One robot cost on average $57,208.24 based on the above statistic.
Work life 24 hours/day 7 days per week or cost per hour: $6.8 per hour.
Average auto worker annual salary:Roughly speaking, the average hourly pay for a member of the United Auto Workers currently ranges from $28 to $38 or so for those hired before September 2007,
Using $30/ hour working 40 hours/week paid for 52 weeks equals: $62,400 PLUS SS/Medicare of 6.5% or total $66,549.

Compared to $31 an hour for human versus $6.8 for robot... no brainer!!!

PLUS cost to Federal tax revenue...at say $3,000 times 250,000 replace by robots: almost $1 billion a year!

Sounds great until it's YOUR job that is expendable.

The "promise" of robots means more and more tax dollars supporting more and more unemployed. The solution is more small businesses, startups,etc. BUT with
the excessive rules and regulations adding more compliance costs makes this nearly impossible to sustain or start a new business.
We need people who understand the fundamentals of business and how to manage a business...which NOT one person in the current administration obviously doesn't have much less believe in the value of businesses! Shear stupidity on their part. Like Bernie Sanders call for universal health care... doesn't have any inkling as to how
to replace the $100 billion in Federal/state/local and property taxes along with the 450,000 unemployed if 1,400 companies go out of business.