nein51 said:
Assassin said:
OsoCoreyell said:
TinFoilHatPreacherBear said:
historian said:
OsoCoreyell said:
cowboycwr said:
LIB,MR BEARS said:
TinFoilHatPreacherBear said:
FLBear5630 said:
TinFoilHatPreacherBear said:
cowboycwr said:
historian said:
Of course she is wrong and is clearly totally ignorant of basic economics. If minimum wage were $50 per hour, those jobs would disappear and those workers would be replaced by automation, robots, etc. It's already happening at fast food places with kiosks for ordering, and that's when minimum wage is $15. Another option is for businesses to close. That's happening on the Left coast where the fascist politicians have artificially raised the minimum wage.
Those workers are not worth $50 per hour and won't be paid it. The businesses cannot afford to pay such wages. If they cannot find a way around it to stay open they will close.
As for the workers who think the govt will get them a reuse, I have one question: Do you want a job at $10 per hour (or whatever they are paying for entry level jobs) or do you want no job at $20, $50, or whatever insane number a corrupt politician is peddling? Realistically, those are the choices.
Sorry true.
I would add that the replacement of jobs has been happening for years even in areas where minimum wage is not 15 dollars. Even in Waco/Texas.
For example, more stores keep adding self checkouts and reducing cashiers. More fast food places are going to kiosks instead of an employee taking orders. Movie theaters going to kiosks instead of the old ticket window outside or even the person working the concessions doing tickets.
Companies have found they can cut those spots and save money. Unfortunately it means jobs are lost and the consumer seems to rarely see the savings…. But the ceo and upper level execs get a huge bonus for saving the company X amount of money….
Interestingly, in many cases, if not most, self-checkouts didn't cut jobs exactly. They allowed existing staff to focus on other things, reducing future hiring needs.
And destroyed customer service
Yep, In many if not most cases.
It didn't start with self checkouts. This has been an ongoing attempt to reduce labor cost.
When I was 16 or 17 Skagg's came to Waco. I was working in the service department at HEB at the time. Skagg's was the first store in town that had the customer unload their purchases on the belt. We'll we all knew that was crappy service and customers wouldn't put up with it.
Since then we've all seen carry out service in grocery stores be eliminated for all but the infirm and the advancement of self-checkout.
When's the last time anyone had there gas pumped for them? How many times have you gone to a restaurant to build your own burger. These types of staff reduction processes have hit every profession except the oldest one.
So true.
It has been all about cutting costs.
Just recently my wife and I watched the movie The Founder about McDonald's.
That would be a prime example. It was all about how to speed up the drive in process that was popular at the time. Which led to the assembly line food prep process and food sitting under heat lamps.
It wasn't about improving customer service and experience. It was about getting more orders meaning more money.
Sometime in the 80s and 90s more businesses focused on this concept and customer service has slowly died as a result with it rapidly happening in the 2000s as just about every company now focuses on it.
Well, consumers exert a market force - demand. If they don't want to buy from someone because the service sucks, they can opt out. However, if they can live with a lower level of service in exchange for a lower price, then they can make that choice. If someone in the market thinks that customers will value better service enough to pay a slightly higher price, you can bet someone will do that. Service level is just another good being sold along with the food/merchandise.
Yes, in the past service levels may generally have been higher. But on a time-adjusted basis, prices were also higher. People have generally opted for lower prices and lower service levels. The market speaks.
That's a great illustration of Adam Smith's invisible hand. It's how free markets operate.
Wow, as peoples' income gets lower, they opt for the lower prices. Service becomes more important the greater the income.
That's called marginal utility - i.e. the idea that a dollar is worth more for a poor person that it is for a rich person.
Living pay check to pay check makes you pay more attention to the dollar, that's for sure. Super rich with tons of disposable income aren't USUALLY so detailed across the board.
Most super wealthy people got that way by making smart decisions. You might be surprised how cheap wealthy people are. #1 car amongst millionaires is a Camry
Warren Buffet may be the cheapest ultra-rich billionaire ever. My dad was a big fan of his, so I sent Warren a letter asking him to send me a personalized photo.
I was so excited for dad when I opened the envelope. Inside was a rubber stamp of Warren's profile on a blank piece of paper - but it was personalized!
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