$15 Minimum Wage Would Leave 1.3 Million American Jobless, Lift as Many Out of Poverty

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Jul 8 1,026 Comments

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TOP 1,026 Comments
  • Amazon jtGV66
    Minimum wage increases make it increasingly difficult for young adults to get into the job market.
    Jul 8 37
    • LinkedIn billz
      Most young people don't work in restaurants. I worked many minimum wage jobs growing up, and none of them were tipped. If the minimum wage had been $15/hour I wouldn't have gotten a job.
      Jul 10
    • Microsoft idknbd
      LOL nice unsupported assertion
      Jul 10
    • LinkedIn billz
      Which assertion on Blind was supported? Are you new here?
      Jul 10
    • Microsoft idknbd
      good point
      Jul 10
    • Pivotal / Ops AllDaSmoke
      I didn't say most young people work in restaurants. I'm replying to the person feeling sorry for young people that do work in that industry.
      Jul 11
  • Capital One / Design UYkP53
    Look at all these "fuck you I got mine" 1%ers talking about minimum wage. Put down your Ayn Rand and give a shit about another human for once.
    Jul 9 15
    • Netflix / Eng dunkan
      So donate your money to the poor, why are you telling ME what to do
      Jul 11
    • New / Design
      brumder

      New Design

      BIO
      3D artist...I do...um....art.
      brumdermore
      Firstly, you need to consider the fact that, with an increase to a $15 minimum wage (federal), EVERYONE making under $15/hour gets a raise. Some of those people even have degrees and are in entry level positions. This also includes states where you can live decently on $10/hour at a full time job. Outside of the major metropolitan cities, rent can be as low as $500-$600 a month. They don't need $15/hour. Also, for those older people who are working minimum wage, is it our fault if they're uneducated? We were all told about the importance of higher education in high school. It was their choice not to go. Is it our fault if they have a criminal record? It was their choice to commit a crime. All of us were told of the life you would have if you didn't go to college or get a criminal record. It was their choice. YOU chose to get a education, learn a valuable skill and get a decent paying job, just like the rest of us. It was your CHOICE and the life you live now is a result of you choice. That's not to mention the jobs that are lost due to business not being able to afford the higher minimum wage, business cutting jobs due to automation because it's cost effective and businesses closing because they're already working with a small staff and now can't afford to pay them anymore?
      Jul 13
    • LinkedIn / Design
      Dr.Seuss

      LinkedIn Design

      BIO
      I am here
      Dr.Seussmore
      @brumder “We were all told about the importance of higher education in high school. It was their choice not to go.” 😂😂
      Has there ever been a more egocentric statement made?!

      Oh wait! Here’s one: “All of us were told of the life you would have if you didn't go to college or get a criminal record. It was their choice”

      I would spend some time educating yourself about the real life of the working poor, the schools in cities where real poverty exists (i.e., not in a place like the Bay Area), and the things people of color in extreme poverty are “told” either explicitly or implicitly by their communities. Once you do that, there is an edit button provided for your convenience.
      7d
    • New / Design
      brumder

      New Design

      BIO
      3D artist...I do...um....art.
      brumdermore
      Besides the fact that I, a black man, grew up in South Central and worked my way through college cause I didn't want to be like a burn outs around the corner that dropped out of high school, with criminal records or both? Or how about the rest of my family, where the only ones doing decent either went to school or learned a trade? How about the rest of the people who I went to high school with? There biggest difference between people's success, other than the few in the NBA, were having degrees. So get off your high horse and try to tell me what I experienced and what I went through as a child from a poor black family. There is absolutely zero excuse, especially now, to not at least have an AA. Zero. High school kids get 2 years free. All that to bring back to the topic at hand, minimum wage jobs were never meant to be "career jobs". On top of that, out side of LA, Hawaii, NYC, San Diego and San Francisco, there's no need to minimum wage to be over $10. This is federal. All states, all cities. All an increased minimum wage will do, is destroy those very jobs, give way to automation and create jobs that, guess what, you're going to need a degree to have.
      7d
    • New / Data xWmJ18
      So...do college graduates that work in more specialized industries get a pay bump too? Who is to say they shouldn't make more now that your local BK employee is making $15 an hour? If the marker adjusts the wages for all employees to make up for the increase in minimum wage then we're essentially back to where we started...correct?
      3d
  • Cisco KMWB52
    Don't they make people read Locke anymore? He was right then, and he's right now. There's only one person that sets a minimum wage, you.
    Jul 9 28
    • Lyft done2
      Well if you read the summary of the article basically half would get a bit of a raise, and the other half would lose their jobs. Those businesses would cease to exist
      Jul 12
    • Akamai Technologies VmQQ44
      These jobs are entry level which often means part time although I guess they could be full time in some cases. They were meant for teens, students, and people just starting out. If you’re not using them as stepping stones to another job like any entry level position, you’re a failure at life. The exception to this last comment would be someone just wanting to pick up some extra money as a second job, partial stay at home parent, retired individual, etc.
      Jul 12
    • Microsoft GuyFriday
      Who says those jobs are meant only for students, part-time, or stepping stones? Have you looked around, paid any attention to the people working in service jobs around you? I guarantee there are many people in those roles that are not as you describe.

      For those of us in life that are blessed with the intellect and drive, sure. But that’s not all of society.

      The problem with Blind is so many people here are disconnected from reality.
      Jul 12
    • Akamai Technologies VmQQ44
      Who says? Society. If you’re working at a McDs for 5 years, society says you’re a loser because it’s an entry level job that can practically be done by a well trained monkey or maybe even done better. It’s in the name for f’ing sake. ENTRY LEVEL job.
      Jul 12
    • Microsoft GuyFriday
      Lol, you’re serious about that? You really want to go with that?
      Jul 12
  • Facebook / Eng
    madhuridix

    Facebook Eng

    PRE
    Facebook
    madhuridixmore
    Minimum wage should be at least $100 per hour. Imagine how rich everyone would be!!
    Jul 9 18
    • Uber bumkkh
      Sweet. Looking forward to my retirement. Or will I be required to perform forced labor under this welfare utopia of yours?
      Jul 12
    • Salesforce op
      Dude, you'll be put down instead not retirement. It will save money on your social security payments and medical services. Saved money will be used to pay for free services for illegals.
      Jul 12
    • Facebook / Eng
      madhuridix

      Facebook Eng

      PRE
      Facebook
      madhuridixmore
      That would be amazing. It will create so much diversity.
      Jul 13
    • Uber bumkkh
      Maybe just temporarily until this “utopia” collapses like Venezuela and people no longer have a reason to come here.
      Jul 13
    • Facebook / Eng
      madhuridix

      Facebook Eng

      PRE
      Facebook
      madhuridixmore
      Then it increases affordability
      Jul 13
  • Microsoft baito
    Problem is minimum wage increase does not affect big corporations who can absorb the cost

    It’s little business, mom and pop stores, small restaurants that close because of this

    https://www.seattletimes.com/business/uw-study-finds-seattles-minimum-wage-is-costing-jobs/

    So you are actually helping the big corporations and killing off the small businesses

    Go socialists. Yay!!!!
    Jul 8 16
    • Intuit / Other qsXg72
      Exactly right. As someone that owns a small business that is expanding. We are moving to Texas for tip credit and lower wages. We simply cannot expand further in California.
      Jul 9
    • Apple procto
      If you think people are hostile to immigrants now, just wait until we have UBI.
      Jul 9
    • LinkedIn zjpl43
      @procto current UBI proposal by Yang is only for citizens, and the pathway to citizenship for illegal immigrants will take 18 years (paying tax and all that). That's exactly the same number of years a us born baby need to wait to get its UBI check. Think about this for a moment, will people be hating them after this version of UBI?
      Jul 9
    • Apple procto
      Yes it will still fail. The UBI people have no ability to set limits. Once the system exists, illegal immigrants have to be included or you’re a racist. Once the confiscation apparatus exists, the payers try to hide and the takers want more. The people you’re trying to help don’t keep the money. Their rent goes up and the 1000/mo is a gift to their landlords. Then you get rent control. Then you get no investment in housing and more shortages. The one thing it does is further entrench the government in every aspect of life. That’s called a police state.
      Jul 9
    • LinkedIn zjpl43
      @procto things are not as simple as you described. First of all, didn't what you said apply to all existing gov programs? The complexity and bureaucracy associated with these programs make it easy to game. UBI is extremely simple in comparison when tied to citizenship, like voting right.

      Rent is a bit tricky, but you are assuming all landlords are going to collude in price gouging, which is very hard. Why? Remember this is universal. The money will follow you to any part of this country, no strings attached. If landlord raise rent, some people will move away to places where housing market isn't as competitive, therefore weakening demand and depress the upward pricing trend.

      For the giver and taker argument, Yang's proposal leverage VAT as a major funding source, which is very fair and much harder to game. And the VAT+UBI bundle is way better than marginal income tax + govt programs in terms of wealth redistribution.

      You need to understand "UBI people" are different from government program people. The former emphasizes economic inventives, while the latter is mostly politically oriented. Economists are mostly onboard with the UBI idea, with the major concerns on the funding part.
      Jul 10
  • New / Product Brentwood
    I don’t think anyone that makes under $60K should pay income tax.
    Jul 9 21
    • Uber domin8
      Not everything shiny is a brilliant.
      Jul 10
    • Openai zHww58
      Taxing consumption is terrible. Capitalism benefits from consumption, you want more of it.
      Jul 10
    • Lyft done2
      You could say the same thing about labor though
      Jul 10
    • Intel gifkapa
      Of all the options to tax, consumption is best.
      Jul 10
    • LinkedIn billz
      It's very easy to design a progressive consumption (sales) tax. In fact, Congress already did: https://fairtax.org/about/how-fairtax-works
      Jul 11
  • Lyft qCbJ38
    $15/hour in rural Arkansas equals probably $50/hour in California. Since cost of living is so variable, I just don’t see how we can enforce one wage for all parts of the country.
    Jul 9 18
    • Uber waaa?
      If it weren't for society, when you were on the road to success, you'd find it wasn't paved, so you'd never get there.
      Jul 12
    • Intel gifkapa
      “Society” is just a bunch in individuals making decisions mostly in their self-interest, resulting in forced altruism. Socialism is how do I take from x for my own benefit.
      Jul 12
    • Google uzaname
      Dude, do you remember you work for Uber?
      Jul 12
    • LinkedIn billz
      Roads in America were private for a long time before politicians saw an opportunity to seize power and took them over. They worked great.
      Jul 13
    • Uber waaa?
      Yes, I work for Uber, and I think a lot of the issues with the driver pay structure would be resolved if there was universal healthcare and UBI.
      Jul 13
  • Google / Eng oilchange_
    Fake news
    Jul 8 4
    • Google / Eng oilchange_
      Corporate America can’t just suck people of indefinitely. They need to either increase good salaries or pay taxes.
      Jul 8
    • Google F0m38g
      OP
      "nonpartisan Congressional Budget Office says"

      Clearly part of the deep state.
      Jul 8
    • Google / Eng oilchange_
      Both parties serves their corporate overlords.
      Jul 8
    • LinkedIn nubody
      Decrease the taxes!!
      Jul 9
  • Uber souy
    There is a huge moral problem with someone working minimum wage and being on starvation wages as a result. Shouldn't someone working full time be able to have a place to live, afford food, and pay for their medical expenses?
    Jul 11 18
    • New / Design
      brumder

      New Design

      BIO
      3D artist...I do...um....art.
      brumdermore
      Living a luxurious life is a LUXURY. You should HAVE to work hard for that. There are plenty of jobs out there, where you make more than minimum wage with a high school degree or an AA.
      Jul 12
    • Facebook / Eng
      madhuridix

      Facebook Eng

      PRE
      Facebook
      madhuridixmore
      You $15-wagers are selfish and are looking to keep poor people poor. If we don't set minimum wage at $100, how will someone flipping burgers ever become rich? How will they every buy a house, start a family, go on vacations?
      Jul 13
    • New / Design
      brumder

      New Design

      BIO
      3D artist...I do...um....art.
      brumdermore
      Going to a CC to get an AA and taking classes to learn valuable skills like coding and machine learning are ready and easy to do. Minimum wage is a short term solution to a problem that's just going to adjust to that solution. Most likely... put society in a worse off spot, when the cost of living goes up to adjust for the increased minimum wage. People like to say that Australia has a high minimum wage but leave out the fact that they cost of living is also insanely high.
      Jul 13
    • No.
      7d
    • LinkedIn / Eng CarpetCog
      There is a huge moral problem with someone agreeing to provide a low-skill (i.e. low-value) service for a given wage, and then trying to use that agreement to somehow make the employer responsible for ensuring that the someone can afford a place to live and enough food and medical service.

      Shouldn't an employer be able to hire someone to do a basic job for an agreed-upon compensation without becoming responsible for the entirety of financing that someone's life's needs?
      5d
  • Akamai Technologies VmQQ44
    Too many people in this thread advocating for government intervention which is insanity.
    Jul 9 8
    • LinkedIn billz
      Maximizing profit is the reason that the poorest people today live better than literal kings of recent centuries.

      Lots of building developers build low income housing. They're called apartment buildings. You have no idea what you're talking about.

      The reason housing costs so much is government restrictions on building that make it 2-3x more expensive to build a house than it is in another state.
      Jul 11
    • Uber domin8
      Yes, kings in the past had to work three jobs and still would not have ability to cover $500 emergency. They had kids dying of preventable illnesses because the cost of medical care is artificially blown up.
      What a nonsense. 🤦🏻‍♂️
      Jul 11
    • Salesforce abzt123
      @billz Maximizing profit is also the reason the environment is in it’s current state - this is the Prisoner’s dilemma in action. That is what I’m trying to argue: there are certain public goods that the market left on it’s own will not provide. Capitalism is a good thing, unrestrained capitalism is not. Arguing in such a binary way doesn’t make sense. Just like this meme, it’s overly reductionist.

      After reading more about it, I agree with you on government restrictions on housing - there is too much of it in California and there needs to be an overhaul. I was going to make the argument that SF prioritizes commercial development over homes but it seems like this stems from Prop 13 which caps property taxes.
      Jul 11
    • LinkedIn billz
      @domain8 "Common folk live better now than royalty did in earlier times"
      http://amp.washingtontimes.com/news/2014/dec/22/richard-rahn-loux-xiv-john-rockefeller-had-harder-/

      Also, nonsense isn't a quantified noun. It's just "what nonsense."
      Jul 13
    • LinkedIn billz
      @abzt123 You're confusing economic terms. What you're describing is called "tragedy of the commons." In that paradigm, the environment is a commons.

      However, the data suggests the opposite: capitalism is improving the environment.

      "With the data analyzed, we can see that capitalism suits the environment. The greater the economic freedom, the better the environmental quality indexes."
      https://mises.org/wire/real-relationship-between-capitalism-and-environment

      In other words, "restraining" free market capitalism is what pollutes the environment.
      Jul 13
  • Facebook hdkf73
    I’d much rather see everyone get a UBI of $1000/month. It’s the equivalent of a $6/hour raise across the board, and lets young people transition into the workforce.
    Jul 9 16
    • Google usurper
      What experiments are these? The ones I've heard of showed that people spent the extra money to get better educations and get better jobs, not stop working. A UBI by itself is not enough. It just helps if you are underemployed
      Jul 9
    • Microsoft _Muad’Dib_
      Check out Ontario and Finland.
      Jul 9
    • LinkedIn zjpl43
      If you do read into the reports of the two experiments you mentioned, you should have noticed they are "targeted" basic income experiments with a very small population, and the "success" was defined to be elevated productivity or higher labor participation rate. That's an exteremly limited imitation of UBI idea with the sky high expectations set.

      If you read deeper, you will find that TBI didn't make people less productive, and it significantly improved the well bings of the recipients.

      TBI is limited in the sense that its effects on the overall economy is negligible. UBI, on the other hand, will act as a direct boost to the economy. Unlike the one the US government doled out in 2008, this one will directly benefit normal people, particularly the middle land of this country.

      The directly injected buying power will create huge demand in local economy. Think about restaurants, retails, car repair, education, etc. These are what majority of this country need.
      Jul 9
    • Uber bumkkh
      Zjpl43 what about the studies that show the opposite? Results from multiple experiments I have read about have shown mixed results which makes me think that those that showed some success probably did so because they curated the participant list, increasing the likelihood of confirming the biases of the researchers (because pretty much everyone testing is doing so because they believe in it and want it to succeed)
      Jul 10
    • LinkedIn zjpl43
      @bumkkh I did my research on most of the experiments. Could you post links to the specific ones you mentioned? These are scientific research carried out by researchers, not politicians. To question the experiment design, people should at least read the paper.

      Again, many of them "failed" in that the preset criteria for "success" were too high (e.g. elevates productivity in a small scale short term TBI experiment). If you read into the details, not a single one had negative effects, but only positive effects.
      Jul 10
  • WeWork / IT h4zMa7
    Abolish income tax. Everyone gets more money. Nobody looses their job.
    Jul 9 15
    • Akamai Technologies VmQQ44
      Jul 9
    • Amazon / Eng firefly123
      Yeah I can’t think of a single misaligned incentive resulting from a privately funded police force, what could possibly go wrong there...
      Jul 9
    • PlanGrid vlRb78
      @vmqq44 I guess anything that anyone else might use that I might not isn't important. Like schools or water systems or roads.

      Or are you advocating for every road to be a toll road, state school pricing to become municipal school pricing, etc?

      Further, are we defunding the military?
      Jul 9
    • DTE Energy Utilities
      @just.a.guy idk if you read it again. that is a sarcastic comment
      Jul 10
    • Akamai Technologies VmQQ44
      @plan: I’m totally ok with a pay as you go system for everything that’s reasonably possible. On nearly all things, there needs to be less government involvement and more privatization.
      Jul 10
  • Zayo CoffeeBro
    It doesn't matter if you make the minimum wage $15, $30, or $100. It's always a temporary fix. The people at the top are never willing to settle for a smaller percentage, so the prices go up (inflation) and no one is any richer. Until we begin taxing the billionaire class much more heavily, the problem of wealth disparity will continue. Minimum wage has nothing to do with it. We need a *maximum* wage.
    Jul 9 13
    • Workiva dapper_owl
      I agree with the premise of this, but small steps lead to larger leaps.

      Breathing is also a temporary fix.
      Jul 9
    • Lyft done2
      Why?
      Jul 9
    • Microsoft savagefckr
      The quickest way to maximum disparity is for an income to go to zero. At that point even the $5 wage is infinitely higher.

      Said another way, by implementing job losing policy, you will create infinitely higher disparity.
      Jul 10
    • Microsoft pAhW56
      The problem is that economic inequality has turned into political inequality as well. The .001 percent can disproportionately influence politics. The American political system is turning into a oligarchy. I’m all for letting market forces play out, but you have to keep them separate from the political system, and that is no longer that case
      Jul 10
    • Lyft done2
      So maybe instead we should focus on limiting capitals influence, not trying to limit capital per se. term limits, closing loopholes it allow politicians to final bribe through their children etc. would go along way
      Jul 10
  • Workiva dapper_owl
    Just how many of you have ever had to live on minimum wage? Some of these answers are telling.

    As if corporatists threatening jobs have ever meant anything. What happened to those jobs that should've materialized from tax cuts?
    Jul 9 13
    • Amazon sub line
      Because I'm not stupid enough to accept the idea that jobs will be lost, due to countless studies showing that they aren't when minimum wage increases.

      See, I don't accept anything that fits my preconceived notions and deny anything that suggests I'm wrong. That's probably why you're confused.
      Jul 10
    • Lyft done2
      This will be the largest jump ever so yeah to think it won’t have consequences outside of our high cost-of-living coastal bubbles is naïve
      Jul 10
    • Oracle / Eng (Q)anon
      @sub line here you go.
      The first paper, “Responding to an Increased Minimum Wage: A Mixed Methods Study of Child Care Businesses during the Implementation of Seattle’s Minimum Wage Ordinance,” was published in late December in a special issue of Social Work and Society International Online Journal.
      The study found that more than half of Seattle child care businesses were affected by increased labor costs as the policy increased to $13 per hour, and that the majority will be impacted as the policy increases to $15 per hour between 2019 and 2021.
      The most common strategic response reported by the businesses has been to raise prices or fees of child tuition and to reduce hours of or number of staff. Center directors reported that employee wages and benefits comprise the majority of business expenses and that child tuition was the primary source of business income. Thus, most businesses reported they would need a mix of strategies to accommodate increased labor costs to ensure that added expenses were not falling entirely onto the families they serve.
      In this paper, researchers used quantitative and qualitative data to capture how the policy was affecting wages in the industry and how child care businesses were responding to the policy implementation. Using state payroll data from about 200 child care businesses, the study examined multiple factors including the number of staff per business, staff wages and business payrolls beginning in 2014 and into 2016. Researchers also surveyed 41 business directors at three different times during the rollout of the minimum wage policy. Finally, researchers conducted open-ended, in-depth interviews with 15 child care directors.
      “This study illustrates how singular policies can affect more than just payroll and can shape organizational structure and service delivery,” said lead author Jennifer Otten, an associate professor in the School of Public Health.
      Jul 10
    • Oracle / Eng (Q)anon
      All positive?
      The researchers found that:

      Seattle’s lowest-paid workers saw larger-than-usual paychecks in late 2015, but at most, only 25 percent of the observed income gains — a few dollars a week — can be attributed to the higher wage.

      Businesses relying heavily on low-wage staff showed signs of cutting back, though they too benefited from the strong economy. They added jobs at about the same rate as businesses outside the city, but employees’ working hours in the city lagged by an average of about one hour per employee per week.

      Even amid a relative boom, Seattle’s lowest-wage earners show signs of “lagging behind” a control group drawn from other parts of the state. The employment rate was down about 1 percentage point for workers who earned less than $11 an hour in mid-2014; their average hours declined, and the proportion switching from jobs in the city to elsewhere ticked upward by 2 to 3 percent.

      “Our report indicates that Seattle’s track record after increasing the minimum wage is neither as negative as some had feared nor as positive as some had hoped,” Vigdor said. “While the vibrant local economy is boosting employment and incomes up and down the economic ladder, the positive effects of a higher minimum wage are being at least partly offset by cutbacks in hours.”
      Jul 10
    • Oracle / Eng (Q)anon
      Or perhaps...
      The minimum wage ordinance was adopted by the Seattle City Council on June 2, 2014, and Mayor Ed Murray signed it into law the following day.[5] The ordinance calls for phasing in the increase based on employer type. Employers of 500 or fewer employees, those that offer health insurance, and those whose employees earn tips have been given more time to increase wages than larger employers who do not offer health insurance and whose workers do not earn tips.[6]

      Many low-wage workers in the restaurant industry earn tips, and do not resemble low-wage workers in other industries. The effects of the minimum wage on workers in those other industries could be different. The study did not track individuals' actual wages, hours worked, or employment, but relied instead on averages;

      University of Washington (UW) study

      The UW study, "Minimum Wages Increases, Wages, and Low-Wage Employment: Evidence from Seattle," was issued as a working paper of the National Bureau of Economic Research.[12][2]
      The researchers had exclusive access to workers' hourly wage and employment data from Washington’s Employment Security Department. This allowed them to assess individuals’ actual hourly wages and their actual hours worked across all industries.[2]
      The researchers compared employment trends (hours worked and number of jobs) in Seattle to areas of Washington state with similar trends between 2005 to 2014 (excluding adjacent cities that could have drawn businesses from Seattle) but that did not increase the minimum wage.[2]
      The UW researchers found no effect on employment in the restaurant industry at any wage level, but significant effects in other industries. They concluded that "the second wage increase to $13 reduced hours worked in low-wage jobs by around 9 percent, while hourly wages in such jobs increased by around 3 percent. Consequently, total payroll fell for such jobs, implying that the minimum wage ordinance lowered low-wage employees’ earnings by an average of $125 per month in 2016."[2]
      Jul 10
  • Microsoft _Muad’Dib_
    Why does everyone talk about increasing the minimum wage like its some new concept that has never happened? All of these BS excuses of why it’s a bad idea and literally none of them based in reality.

    I have criticisms of going straight to $15/hr nationwide, but raising it to something reasonable makes perfect sense.

    Edit: serious question, how many of you have lived through an increase in minimum wage and recall how that went?
    Jul 9 2
    • Workiva dapper_owl
      I have. My city increased minimum wage to $10 in 2005 and everyone lost their mind about how the world would end and prices would explode.

      Nothing changed except kids and adults struggling had some breathing room. We didn't have a stellar economy before and things after were pretty much the same. The financial collapse didn't do as much damage as other cities. I think a Wendy's dollar menu item moved to a dollar ten.

      The issue is one city can't effect even statewide changes. States can't effect federal changes, and we have bad faith actors that can move pawns at the state level to force what is modern indentured servitude.

      If you lack the financial means to get an education, then you lack the means to move to a place with better prospects. Most blind users are above that threshold and don't understand that we have an underclass that can only live to serve because they lack the economic mobility to do anything else.

      It's very frustrating.
      Jul 9
    • Microsoft _Muad’Dib_
      OMG, an educated, experienced, and reasoned response!

      I can now sleep peacefully tonight. Thank you.
      Jul 9
  • Oracle / Mgmt stields
    The popularity of Keynesian or socialist economics and government encroachment in every facet of our lives, I lie at the feet of the public (government) school system and university system. They are wrecking our country.
    Jul 10 26
    • Intel gifkapa
      Says guy who thinks space shuttle was worth $2T. JFC, I thought you were a socialist who wanted to help the poor.
      Jul 12
    • LinkedIn billz
      @Uber:souy "No, individuals do not invest in projects that really decades to make revenue."
      That's definitely not true. I know people who actively search for such investments. Lots of people choose high-reward long-term investments over low-reward short-term investments.

      "What's a technology that took decades of development...?"
      Most of them. Electricity is one. It wasn't profitable for multiple decades.
      A very simple counter to your short-term obsession claim: 30-year treasury bonds. There are lots of people who buy bonds that literally take 30 years to pay back.
      Jul 13
    • Uber souy
      30 years to pay back is not the same as no revenue for decades.
      Jul 13
    • Microsoft idknbd
      very stupid people on this thread
      7d
    • Intel gifkapa
      ☝️this guy adds a lot of value.
      7d
  • Indeed Scrub 🧽
    Imagine taking wads of hundred dollar bills to the government. If someone earned $500k, should they go give over $160k? They do contribute that to society right now, and for certain they aren't aren't consuming as much as they give to society. Govt forcing someone to give more doesn't seem like a govt protecting liberty to me.
    Jul 9 26
    • Facebook bUJh14
      I cracked up so much when scrub mention "what if I donate to charities". Taxes are forced charities...
      Jul 12
    • Uber bumkkh
      Forced, wasteful charities. Often they are charities you don’t agree with or actually counterproductive at addressing the problem they are designed to solve.
      Jul 12
    • Facebook bUJh14
      Lol yeah I agree there is a lot of waste and low accountability.
      My point was just that the comment was hilarious
      Jul 12
    • Indeed Scrub 🧽
      It's funny I guess. Though, my definition of charity is voluntary assistance. Taxes are forced.
      Jul 13
    • Uber waaa?
      I'm sure we can all agree that the government wastes lots of money. I'll bet we can't agree on where they should stop spending it. UBI would be affordable if not for the crazy military budget of the US.
      Jul 13
  • CompuCom aXsY74
    People that advocate for minimum wage hikes to $15 don't understand or refuse to believe basic economics. If you raise the price of a commodity, in this case unskilled labor, you will lower the demand. Additionally, you can't sell something for more than someone is willing to pay. This creates class of people that will be perpetually unemployed because they don't have the requisite skills to demand $15 an hour and won't be able to gain the work experience to begin to demand $15 an hour. But that's what the Dems want. A class of people permanently relying on social welfare programs for their survival and obediently voting Dem.
    Jul 10 22
    • CompuCom aXsY74
      Let me make it simple for those that have not seen the chart in Economics class showing the relationship between cost and demand.
      I have 100 bushels of apples and I sell apples for $7 a bushel, the government passes a law saying that the minimum I can sell my apples for is $15 per bushel.

      Liberals: You're welcome, now you have $1500 instead of $700

      Real life: I have $0 and 100 bushels of Apples I can't sell because the market is not willing to pay $15 for a bushel of apples.
      Jul 11
    • Netflix proctol
      But it feels so virtuous!! You have no empathy compuCom guy!!
      Worse than Hitler!!
      Do something!!!!
      Now!!!
      For the kids!!! 😭😭😭
      Jul 11
    • CompuCom aXsY74
      Netflix guy, you almost got me! Such a typical lefty vapid response, I thought it was real for a second.
      Jul 11
    • CompuCom aXsY74
      Uber guy,. Don't know where you get your figures...1Adjusted for inflation, the federal minimum wage peaked in 1968 at $8.68 (in 2016 dollars). Since it was last raised in 2009, to the current $7.25 per hour, the federalminimum has lost about 9.6% of its purchasing power to inflation.Jan 4, 2017.
      A far cry from what you said, and the 60s was before the kind of globalization and automation we have in 2019. I can assure you that if you artificially double the cost of a commodity, you will drastically reduce it's demand.
      Jul 11
    • Netflix proctol
      Conpucom - domin8 is an SJW big time, it’s like hitting a stone wall, don’t bother, he is too far gone
      Jul 11
  • MZ Noctis
    It would lead to more automation, sure, but that would then lead to a Universal Basic Income. Which some cities have proven works well.
    Jul 9 7
    • Verizon Digital Media Services CfRv28
      A few in Europe - don’t recall which, but it seems to be working quite well. Granted - some are heavily taxed where others are not
      Jul 9
    • Salesforce op
      Finland tried UBI at a small scale. It failed to fix any actual problem (employment engagement etc) and was deemed to be too expensive to scale to whole country.
      Jul 9
    • Microsoft _Muad’Dib_
      Go research again.

      Ontario ended it early
      Finland is choosing not to extend theirs
      Jul 9
    • LinkedIn zjpl43
      Again, Finland and Ontario experiments are not UBI, but targeted basic income. And they consider success to be elevated productivity in a short period of time (a couple years at most).

      The reality is, even TBI greatly improved the well beings of the recipients. They didn't waste the money. And overall no productivity loss is observed in these TBI experiments (i.e. it does not make people lazy). Basically, besides the cost, there is no downside for direct cash transfer whatsoever.

      The real UBI is effectively a boost to economy by injecting cash into local economy, which will create job opportunities in areas like retail, restaurants, education, etc.
      Jul 9
    • Amazon
      Duke Leto

      Amazon

      BIO
      The spice must flow!
      Duke Letomore
      Jul 10
  • Netflix / Eng dunkan
    This post is telling. Some vocal
    Minorities, one or two people are posting most of the comments and arguing strongly in favor of socialism here :)
    Jul 10 18
    • Lyft done2
      Communicating affectively involves using shared concepts. Jargon sometimes appropriate but I don’t think this is one of those times
      Jul 10
    • Microsoft idknbd
      Socialism is not jargon. Also, that's not the common conception. You just asserted it was.
      Jul 10
    • Lyft done2
      k
      Jul 10
    • LinkedIn billz
      Socialism: "a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole."

      Emphasis: "the means of distribution ... should be ... regulated by the community" (government).

      The regulation of the distribution of income is literally in the dictionary definition of socialism.
      Jul 11
    • Microsoft idknbd
      LOL it is explicitly NOT referring to income. Idiot.
      Jul 11