Article

2014-01-25 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by g(r)omgoru 2014-01-25 07:46|| || Front Page|| [11135 views ] Top

#1 Brave response from a staunch Champ supporter. I was hoping he might expand a bit on the "part-time" worker aspects.

Posted by Besoeker 2014-01-25 08:03|| 2014-01-25 08:03|| Front Page Top

#2 The left wants the minimum wage lifted so they can destroy the fast food industry. They do not like the food, the pay and the choices available to the public.
It never occurs to the left to fix the reason why someone would see fast food work as the only available opportunity and they never see the valuable experience the fast food industry provides first time workers.

Posted by Airandee 2014-01-25 09:02|| 2014-01-25 09:02|| Front Page Top

#3 ..nah. Too many union contracts tied to minimum wage as in x3 or x4 the rate. Also minimum wage as it is doesn't generate enough union garnishment opportunities to support union apparatchiks in the manner they expect. So kick that puppy up to get their brothers out organizing for more rent seeking opportunities for the tribe.

Posted by Procopius2k 2014-01-25 09:11|| 2014-01-25 09:11|| Front Page Top

#4 Min wage + Obamacare = hello robots, goodby entry-level and part-time jobs.

Posted by OldSpook 2014-01-25 12:08|| 2014-01-25 12:08|| Front Page Top

#5 As Bill alludes to, the middling class kids who get some basic educational skills will still get a job of some sort, though fewer. It's the kids in the lower strata who've been abandoned by the teachers unions et al who'll be tossed to the 'Abandon hope all ye who enter here' abyss.

Posted by Procopius2k 2014-01-25 12:20|| 2014-01-25 12:20|| Front Page Top

#6 Minimum wage tells American workers, or would be workers, they are legally prohibited from competing in the global labor market. If you're gonna have a global market you must allow your workers to compete in it or else there will be, already is, high unemployment.

Posted by Abu Uluque 2014-01-25 14:15|| 2014-01-25 14:15|| Front Page Top

#7 Minimum wage is also a leading cause of inflation, the very phenomenon it is ostensibly designed to counteract. If a fast food restaurant has to raise wages, it will also have to raise prices. The employers are not going to take a hit in the profits so they won't have many other options.

Posted by Abu Uluque 2014-01-25 14:19|| 2014-01-25 14:19|| Front Page Top

#8 How many Union Wages are tied to the Minimum Wage? I keep hearing about it, but I don't see nuttin. But I looked so there is some truth there.

Posted by Shipman 2014-01-25 14:24|| 2014-01-25 14:24|| Front Page Top

#9 The 'living wage' rhetoric sounds great to the low-information voters. That's a prime reason why the Left pushes it.

Posted by Steve White 2014-01-25 15:17|| 2014-01-25 15:17|| Front Page Top

#10 Other than the obvious that he is right - he can read a balance sheet. He knows that for a program to work, it has bring in more money than it spends. Maybe he believes in social programs and knows they must be funded. Maybe he plays democrat to avoid the shakedowns.

But either way he wins. I heard microsoft has already developed software which would almost completely automate a shoe store - sizing on touchscreen floor panals, computerized inventory and selection screen, commercial about the shoe while the robot retrieves the style and size, card swiper.

The program is called Reboot.

Posted by swksvolFF 2014-01-25 15:19|| 2014-01-25 15:19|| Front Page Top

#11 Go to your room, swksvolFF.

Posted by Pappy 2014-01-25 16:07|| 2014-01-25 16:07|| Front Page Top

#12 #8 - the reference is usually those damm gubbamint workers is making extra every time the minimum wage goes up. I have never seen/heard that in practice

Posted by Frank G 2014-01-25 17:12|| 2014-01-25 17:12|| Front Page Top

23:52 CrazyFool
22:42 Uncle Phester
21:35 KBK
21:22 mossomo
21:03 Chantry
20:23 swksvolFF
20:23 Secret Asian Man
20:23 badanov
19:52 AlanC
19:47 AlanC
19:39 Shipman
19:37 Shipman
19:35 Shipman
19:29 Shipman
19:28 AlanC
19:26 AlanC
19:25 Shipman
18:56 OldSpook
18:22 Chantry
17:12 Frank G
16:58 SteveS
16:49 Jineck Lumplump8513
16:48 DarthVader
16:42 Jineck Lumplump8513