Minimum Wage Topic

Posted by MikeT23 on 5/19/2014 8:37:00 AM (view original):
Obviously anyone who disagrees with Obama's actions or policies only disagrees because he's sort of black. 
Of course people that disagree with Obama aren't all racist. It's the people that go on and on about birth certificates and "Obama phones," things that have no basis in reality, that make you wonder if they're racist.
5/19/2014 9:59 AM

Vast Majority Of Swiss Reject $25 Minimum Wage In National Referendum

 
Submitted by Tyler Durden on 05/18/2014 10:15 -0400



If you want a country that respects free markets, believes in listening to the voice of the majority, and is against meddling in global affairs under the guise of "humanitarian, liberating, and democracy-spreading" intervention, move to Switzerland.

If you want a country controlled by a few academic central-planners with no real world experience, in which the executive usurps power issuing one executive order after another with zero checks and balances, and which will incite a global war if it must with the help of doctored YouTube clips in order to achieve its global national interest, then move... anywhere else.

Six months ago, it was this same Switzerland that, contrary to the prerogatives of the pervasive "fairness doctrine" taking the new socialist world by storm, rejectedimposing limits on executive pay. Then mere hours ago, in a move that would give president Obama wealth redistribution nightmares for months, a whopping 77% of Swiss voters rejected an initiative for a national minimum wage of 22 francs, or just under $25, per hour, according to projection by Swiss television SRF.And confirming that when it comes to anti-socialism, Switzerland may well be the last bastion, not a single canton supported the measure.

How dare Switzerland not pretend supply and demand doesn't matter and one can circumvent the laws of common sense and enforce employment and wages by diktat? Simple: Government ministers have fought against the measure and insisted it will damage the economy, running small companies out of business and making it harder for young people to find employment. Perhaps it is time for these same minister to give the US government a few lessons.

"A minimum wage won’t stop poverty", Economic Minister Johann Schneider-Ammann told The Christian Science Monitor. “This system would be counterproductive.”

Switzerland currently has no minimum wage, but the median hourly wage is about 33 francs ($37) an hour.


5/19/2014 5:32 PM
Be like the Swiss on wages!

Be like the Saudis on torture and capital punishment!
5/19/2014 5:59 PM
Seattle says $15 an hour seems about right.   Starbucks is expensive.
6/3/2014 2:07 PM
$2,500/month for a cashier at McDonalds.  I'm sure there is no evidence that it will result in lost jobs over time.  Wait a minute...

http://www.cnet.com/news/mcdonalds-hires-7000-touch-screen-cashiers/
6/3/2014 5:49 PM
Posted by examinerebb on 6/3/2014 5:49:00 PM (view original):
$2,500/month for a cashier at McDonalds.  I'm sure there is no evidence that it will result in lost jobs over time.  Wait a minute...

http://www.cnet.com/news/mcdonalds-hires-7000-touch-screen-cashiers/
So...how cheap would human labor have to be to effectively compete with machines that do it for free?

Because, it seems like, even at something like $5 an hour, companies will always move towards automation.
6/3/2014 6:51 PM
When you find a machine you can acquire and maintain for free, we can address your question.  Until then, let's acknowledge that it's a straw man argument.
6/3/2014 10:29 PM
Businesses will always go for the most cost-effective, efficient option.   32k a year for someone to take orders and ask if you want to supersize seems like a lot.

I haven't been in a fast food place in years.   How many people work in them?  6?   2 to cook, 2 to wrap and 2 to take orders?   Seems like reducing that to 4 would be a good idea if the order taking machines aren't 250k each.    Assuming, of course, people aren't turned off by the lack of human contact.  

6/4/2014 11:36 AM
Right. Businesses will replace people with machines regardless of the wages of what a person makes (unless it's something unrealistic like a few dollars/hour). I think you wouldn't cut out all people taking orders, they'd reduce the number of people taking orders from 2 to 1, as you'll need someone there to help people that are unfamiliar with technology, have trouble using the machine, or vision impaired. There's also the chance the machine freezes up and stops working as well.

Even the post office has technology to ship off your own packages, I was excited to use it even though I spent a fair amount of time trying to making sure I was hitting the correct buttons.
6/4/2014 11:58 AM
Yeah, I think I have to have someone there to take an order or help a customer.   You can't just say "I dunno.  The machine says......"     And it only takes credit/debit cards.   Removing the cash option, in a place where a lot of the customers aren't "elite" wage earners, would probably be horrible for business.

But 32k to ask if you want fries with that seems awful pricey.
6/4/2014 12:04 PM
You guys just want to keep the poor people down!
Let's give everyone a cool million and be done with poverty forever!!
6/4/2014 12:55 PM
Posted by examinerebb on 6/3/2014 10:29:00 PM (view original):
When you find a machine you can acquire and maintain for free, we can address your question.  Until then, let's acknowledge that it's a straw man argument.
Obviously it costs something to buy the machine. But even if the machine costs 10k to buy and another 2k per year to maintain, it's still way cheaper than a human, even at $5 an hour. Moving the minimum wage from 8 to 10 or whatever is irrelevant to this specific issue.
6/4/2014 3:09 PM
If you believe those are the only monetary considerations in the equation, you are right.  However, if you believe that customer loss due to lack of human service, frustration with the machines, company image, etc. is also a part of the equation, which it surely is, the amount you pay that human to retain those customers is exceedingly relevant.  There is a wage level tipping point where it no longer makes fiscal sense to employ that human.  Having a machine replace a human in a factory assembly line is a much simpler equation than having a machine replace a human in a direct to consumer service capacity.
6/5/2014 11:51 AM (edited)
Posted by examinerebb on 6/5/2014 11:51:00 AM (view original):
If you believe those are the only monetary considerations in the equation, you are right.  However, if you believe that customer loss due to lack of human service, frustration with the machines, company image, etc. is also a part of the equation, which it surely is, the amount you pay that human to retain those customers is exceedingly relevant.  There is a wage level tipping point where it no longer makes fiscal sense to employ that human.  Having a machine replace a human in a factory assembly line is a much simpler equation than having a machine replace a human in a direct to consumer service capacity.
Fine, but if you're going to employ humans, you're going to do it at a level that allows the human to eat and pay rent. Otherwise, good luck with the auto-kiosk machines.
6/5/2014 12:10 PM
Because everyone needs 30K a year to pay rent and eat.
6/5/2014 12:59 PM
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