California's minimum wage increases to $20

[RIOT|Stalkermaster]

It should have been $25 like Amazon, but it's a great start!

[Pronoun Paladin ☯]

Escrito originalmente por SlowMango:

Escrito originalmente por Chunk Norris ☯:

It was me. I think some people lack of understanding of economics is so bad that video games could be a great learning tool. And that people could easily see how drastically increase taxes and expecting the population to get happier and more growth wouldn't be realistic in a video game or real life.

Just look at the economic impact this 20 dollar for fast food workers will do, I think the people creating it either know it's going to hurt the economy and don't care or they just don't understand how the system works.

Restaurants have said we're going to fire people and expect others to pickup the extra work-load or raise the price...potentially both. So this will increase inflation.

Hmm, who to trust?

People who have studied economics and used years of research to come to a conclusion about an economic system?

or

A video game made by developers?

Except economic experts on both sides of the issue support/condemn the idea of trickle down economics.

But just compare our economy now to pre-Covid Trump. Bidenomic vs Trickle down economics.

Were you folks better 4 years ago Pre-Covid lockdowns under Trump or now?

[Hobbit XIII]

Escrito originalmente por Nargo:

Escrito originalmente por SlowMango:

Do you honestly think a business wouldn't pay less than minimum wage if they could?

Nobody would be forcing people to take jobs that pay 2 peanuts an hour. If people do, well it's a free country. Supply and demand applies to everything after all. Including job opportunities and wages. It's the responsibility of those affected to adapt.
So the question is what the community and government will do about it?
Will they take advantage of the labor surplus as was done in the 4 asian tigers? Or maintain the status quo of denying the reality of labor's true value, leading to stagnation.
Reminder that Singapore has no minimum wage.

Really?
London late 90s early 2000s Europeans much more qualified than me doing skilled jobs for much less than me.
Source : experience first hand.

[ナルゴ]

Escrito originalmente por SlowMango:

Escrito originalmente por Nargo:

Abolish minimum wage and let the invisible hand of the free market fix it. Seriously.
If people are so desperate that they're willing to take horrible paying jobs, thus the local government has to impose an arbitrary floor on wage values, then that's indicative of an even greater issue.

The problem will only get solved if people stop kicking the can down the road and actually let things break down.

If there is so much human labor surplus that its value crashes, then that's opportunity right there. Let people exploit it, as was done in developing countries.

Do you honestly think a business wouldn't pay less than minimum wage if they could?

Nobody would be forcing people to take jobs that pay 2 peanuts an hour. If people do, well it's a free country. The concepts of supply & demand and scarcity apply to everything after all. Including job opportunities and wages. It's the responsibility of those affected to adapt.
So the question is what the community and government will do about it?
Will they take advantage of the labor surplus as was done in the 4 asian tigers? Or maintain the status quo of denying the reality of labor's true value, leading to stagnation.
Reminder that Singapore has no minimum wage. And Hong Kong didn't have minimum wage until 2011.
i.e. They became wealthy through efficient use of labor.

And given the rise of AI making the need for human labor in certain services go down, I would have thought that people have seen the bigger picture by now, before the problem exacerbates further.

[Boblin the Goblin]

Escrito originalmente por Chunk Norris ☯:

Escrito originalmente por SlowMango:

Hmm, who to trust?

People who have studied economics and used years of research to come to a conclusion about an economic system?

or

A video game made by developers?

Except economic experts on both sides of the issue support/condemn the idea of trickle down economics.

But just compare our economy now to pre-Covid Trump. Bidenomic vs Trickle down economics.

Were you folks better 4 years ago Pre-Covid lockdowns under Trump or now?

That's what the articles I shared previously do.

[Pronoun Paladin ☯]

Escrito originalmente por Hobbit XIII:

Escrito originalmente por Nargo:

Nobody would be forcing people to take jobs that pay 2 peanuts an hour. If people do, well it's a free country. Supply and demand applies to everything after all. Including job opportunities and wages. It's the responsibility of those affected to adapt.
So the question is what the community and government will do about it?
Will they take advantage of the labor surplus as was done in the 4 asian tigers? Or maintain the status quo of denying the reality of labor's true value, leading to stagnation.
Reminder that Singapore has no minimum wage.

Really?
London late 90s early 2000s Europeans much more qualified than me doing skilled jobs for much less than me.
Source : experience first hand.

Allowing a company to LEGALLY pay less then minimum wage would open up business for the little guy.

The problem here is the same folks who support government mandated minimum wage, are also the same folks who support illegal immigration knowing that they're being paid less then minimum wage

[Pronoun Paladin ☯]

Escrito originalmente por SlowMango:

Escrito originalmente por Chunk Norris ☯:

Except economic experts on both sides of the issue support/condemn the idea of trickle down economics.

But just compare our economy now to pre-Covid Trump. Bidenomic vs Trickle down economics.

Were you folks better 4 years ago Pre-Covid lockdowns under Trump or now?

That's what the articles I shared previously do.

I didn't bother reading them, let me guess the left-wing propaganda that thinks are so much better now even though people are struggling harder then ever with the cost of living, while we're talking on a forum topic that will increase the cost of living.

[Hobbit XIII]

Escrito originalmente por Chunk Norris ☯:

Escrito originalmente por Hobbit XIII:

Really?
London late 90s early 2000s Europeans much more qualified than me doing skilled jobs for much less than me.
Source : experience first hand.

Allowing a company to LEGALLY pay less then minimum wage would open up business for the little guy.

The problem here is the same folks who support government mandated minimum wage, are also the same folks who support illegal immigration knowing that they're being paid less then minimum wage

I think there should be a minimal wage based on where I live.
to give slight insight on what you said about migration, people for ten + years have voted in the tories to cut immigration down legal and illegal and the government does its smoke and mirrors and distraction and immigration has gone insane with various loopholes.

I do not vote Tory but I would vote Reagan for my own reasons - in case of confusion of where I may stand. But I voted for the Labour government in the 90s and early 2000s elections because I knew the tories were full of it based on research and growing up with them.

Boris Johnson wrote articles (before he was prime minister) that he thought there should be an amnesty to all illegal immigrants in London something the public forgot about when they wanted to vote for that guy who is entertaining to them and just says Brexit when interviewed.

[76561199474936232]

Escrito originalmente por Hobbit XIII:

Escrito originalmente por Chunk Norris ☯:

Allowing a company to LEGALLY pay less then minimum wage would open up business for the little guy.

The problem here is the same folks who support government mandated minimum wage, are also the same folks who support illegal immigration knowing that they're being paid less then minimum wage

I think there should be a minimal wage based on where I live.
to give slight insight on what you said about migration, people for ten + years have voted in the tories to cut immigration down legal and illegal and the government does its smoke and mirrors and distraction and immigration has gone insane with various loopholes.

I do not vote Tory but I would vote Reagan for my own reasons - in case of confusion of where I may stand. But I voted for the Labour government in the 90s and early 2000s elections because I knew the tories were full of it based on research and growing up with them.

Boris Johnson wrote articles (before he was prime minister) that he thought there should be an amnesty to all illegal immigrants in London something the public forgot about when they wanted to vote for that guy who is entertaining to them and just says Brexit when interviewed.

There was a once country in Europe where the power to influence culture, education, and government were only in the hands of the ethnic people. Some outsiders could live in this country but had no power over these things and if the ethnic people were starving or in distress all outsiders living in this land would be forced to leave so that only resources went to helping the ethnic people.

Then England came along with a conservative party Prime Minister, declared war on this nation, and now after English victory, both are breading grounds for the Great Replacement. If that country was the kind where a Conservative Prime Minister of English heritage viewed it as the most despicable kind of government structure for an European country in the 30s-40s then they would only think more so now. Voting right won't fix this issue, only a revolution.