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Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22 p/h

Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

TheDemSocialist said:
Raising the minimum wage will lead to no more American jobs?? Interesting analysis..
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Its been proven 1000% true at recent seminars held in reconverted phone booths at the Von Mises Institute in Alabama.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

TheDemSocialist said:
Raising the minimum wage will lead to no more American jobs?? Interesting analysis..
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If the marginal revenue product of a worker is, say $20, an employer can hire him for anything up to $20 and continue to stay in business. If that worker's price is artificially raised to $21, the employer cannot hire him and continue to stay in business. Thus the price control has just rendered that worker unemployable.

Minimum wages render low productivity workers unemployable.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

haymarket said:
Its been proven 1000% true at recent seminars held in reconverted phone booths at the Von Mises Institute in Alabama.
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And at Keynesian coffee shops.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Federalist said:
If the marginal revenue product of a worker is, say $20, an employer can hire him for anything up to $20 and continue to stay in business. If that worker's price is artificially raised to $21, the employer cannot hire him and continue to stay in business. Thus the price control has just rendered that worker unemployable.

Minimum wages render low productivity workers unemployable.
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Minimum wage leads to less productivity and unemployment? The only way a business cant hire a person is if the situation above happens. But other than that raising the minimum wage to anything under that $21 (as in your example) can be done. But why do you say the minimum wage renders low productivity?
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

TheDemSocialist said:
Minimum wage leads to less productivity and unemployment? The only way a business cant hire a person is if the situation above happens. But other than that raising the minimum wage to anything under that $21 (as in your example) can be done. But why do you say the minimum wage renders low productivity?
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I don't say that. I say that the minimum wage renders unemployable anyone who has a marginal revenue product less than the minimum wage.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Gimmesometruth said:
This is oddly reminiscent of the programs carried out by Khmer Rouge, to empty out the urban centers and enforce a forced labor movement back to an agrarian society.

Well played!
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Actually, were you more historically aware, you'd have instantly realized that it more closely resembles the modifications that the Plymouth settlers made to their government when confronted with similar issues.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Sea TAC in seattle has just set their minimum wage at 15 dollars an hour. already companies in the area are getting ready to absorb the cost by
cutting employee hours, subbing out different jobs, cutting back hours, only hiring more experienced people getting rid of low wage jobs
among other things.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Oftencold said:
Actually, were you more historically aware, you'd have instantly realized that it more closely resembles the modifications that the Plymouth settlers made to their government when confronted with similar issues.
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Geez, I was giving you too much credit, I thought turning back the clock a few decades would suffice.....but you want to turn it back a few centuries.

Keep digging.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

ludin said:
Sea TAC in seattle has just set their minimum wage at 15 dollars an hour. already companies in the area are getting ready to absorb the cost by
cutting employee hours, subbing out different jobs, cutting back hours, only hiring more experienced people getting rid of low wage jobs
among other things.
Click to expand...

Once again, Left Wing silliness can't include simple arithmetic in its world view.

Oh, how I wish that I had money to invest in automated systems to replace no-skill workers! That has got to be a huge coming growth industry!
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Oftencold said:
Once again, Left Wing silliness can't include simple arithmetic in its world view.

Oh, how I wish that I had money to invest in automated systems to replace no-skill workers! That has got to be a huge coming growth industry!
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I love point of sale systems when I order. why? I don't have to repeat myself and I don't have to make sure that they get my order right.
I hit the button put in the order pay right there done.

I can't count the number of times I have had a person get my order wrong. I have never had an issue with a point of sale machine.

the only place that they really don't work is grocery stores simply because I hate bagging my own groceries unless it is a few items to scan.
still the bag boy position will be no more.

basically to run a restaurant you would only need cooks in the kitchen to cook it.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

ludin said:
I love point of sale systems when I order. why? I don't have to repeat myself and I don't have to make sure that they get my order right.
I hit the button put in the order pay right there done.

I can't count the number of times I have had a person get my order wrong. I have never had an issue with a point of sale machine.

the only place that they really don't work is grocery stores simply because I hate bagging my own groceries unless it is a few items to scan.
still the bag boy position will be no more.

basically to run a restaurant you would only need cooks in the kitchen to cook it.
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Plus, robots never spit in your order because they're jealous of your income.

Interesting, because I live where I do, I don't think I've ever seen the kind of system you describe. It sounds cool!
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

LizaWales said:
U.S. Senator-elect Elizabeth Warren is poised to join the Senate Banking Committee after she’s sworn into office in January. The Senator-elect from Massachusetts has years of consumer finance experience as a lawyer. Source of article: Elizabeth Warren to be named to Senate Banking Committee
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she's another elitist leftist scumbag who uses public office to get wealth and power while pandering to the Hoi Polloi by whining about the rich and powerful

Lieyawatha is among the most scummy senators I can think of
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Oftencold said:
Plus, robots never spit in your order because they're jealous of your income.

Interesting, because I live where I do, I don't think I've ever seen the kind of system you describe. It sounds cool!
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right now it is mostly in fast food places or gas stations with a sub shop. they have a terminal you go up you select the item you want.
you then pick what stuff you want on it. it spits out a ticket you go pay after you get your sub and walk out.

I only had one issue because I asked a simple question and the lady behind the counter had a bad attitude and made a snotty comment.
so I basically handed the sub back to her said no thank you I don't want it anymore. I said I would never be back and I didn't.

was bad to because they had really good subs, and breakfast sandwich's
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Senator Elizabeth Warren marches on with her amazing self!, this time on the subject of income inequality. Raising the minimum wage is a good idea, just like Robert Reich points out in this video. We know the arguments against raising the minimum wage well, and they can all be easily debunked. The bottom line is that wages are not keeping up with productivity as they should be. Why? Where is the other $14.75, the disparity between what minimum wage was in 1960 and what it is now when inflation is factored into the equation, going? It’s going to the top and it’s not trickling down as was promised.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

dramasking said:
Senator Elizabeth Warren marches on with her amazing self!, this time on the subject of income inequality. Raising the minimum wage is a good idea, just like Robert Reich points out in this video. We know the arguments against raising the minimum wage well, and they can all be easily debunked. The bottom line is that wages are not keeping up with productivity as they should be. Why? Where is the other $14.75, the disparity between what minimum wage was in 1960 and what it is now when inflation is factored into the equation, going? It’s going to the top and it’s not trickling down as was promised.
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The states, when they established their federation, never delegated to congress the power to establish a minimum wage.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

This woman is one of two politicians I trust. We desperately need more like her if we're going to keep the mega rich and the ignorant masses that support them from completely destroying the middle class.
 
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Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

Anomalism said:
This woman is one of two politicians I trust. We desperately need more like her if we're going to keep the mega rich and the ignorant masses that support them from completely destroying the middle class.
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She is a greedy millionaire.
 
Re: Elizabeth Warren: Why Isn’t Min Wage Keeping Up With Productivity? Should Be $22

She is the epitome of take from one and buy the vote of another.


scatt said:
She is a greedy millionaire.
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