So he paid them enough to buy his cars back from him that they built AND he paid them enough to buy food, clothing, and shelter?Originally Posted by Williamsmith
How did Ford get rich doing that? I am no mathamagician but something ain't adding up!
So he paid them enough to buy his cars back from him that they built AND he paid them enough to buy food, clothing, and shelter?
How did Ford get rich doing that? I am no mathamagician but something ain't adding up!
If it worked for Ol' Hank Ford then it can work for America!
Give up on blocking the new minimum wage , that is a done deal. Three quarters of the population are in favor of it. Adjusted for inflation, minimum wage peaked in 1968. Given how well off we are compared to the rest of the worlds population, you'd expect a better minimum wage. So the proof already exists that stifling the minimum wage doesn't do a thing to help the economy. We've been doing it since 1968. How has it worked out?
If we raise the minimum wage then all the corporations will just raise their prices. Duh.
But if we lower minimum wage then corporations will lower their prices. They have to!
And if we lower the minimum wage to $1 an hour we'll pay almost nothing for everything!
Some jobs just aren't worth $15/hour.
When I was a kid my feet would get cold during the winter because my blanket was too short.
One year I decided to cut the top 12 inches of blanket from the top and sew it onto the bottom of my blanket.
When I got in bed and covered up I noticed that my feet were still uncovered and cold!
How could this be?
Correction: Some people's lives are aren't worth $15/hour, right!?
Not what I said, now is it?
No, not really. But were you implying that?
My words were pretty simple and clear. Only one word even had two syllables, and that one was a "contraction".
Some jobs don't generate $15 of value/utility. Such as punching your order into the order screen at KFC. So if you require $15/hour for that task, the task is quite likely to end up getting performed by some other less-expensive means.
I was travelling the past 3-4 weeks. I stopped at a McDonalds the other day, and the fellow behind the counter at the non-busy restaurant took about 5 minutes to punch in the order for my family of three, and we were each ordering simply "meal #X" off the screen above his head - nothing complex. I could have placed our order in about 5 seconds on a touchscreen or phone app myself. I suspect at a mandated $15/hour, in a few years that's how food will get ordered at such places.
Heck, they'll probably invent burger-flipping robots too. Oh wait, I seem to recall that they have.
I'm curious, why is $15 the magic number? Why not $12? Or $50?
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