You know, though, part of me hopes that you fools and tools succeed in raising minimum wage to the $15/hr that some groups want. Sure, many of those current workers will be completely screwed as their jobs disappear, but robot burger-makers will be a hot-selling item along with other robotics and computerized systems. That would benefit me. I suspect that some (maybe many) of the loudest advocates of $15/hr minimum wage (which unions will love since their wages are often pegged as multiples of the minimum wage) simply don't care that many of the people they profess to want to help will be thrown out of work as their labor is too expensive for the work they accomplish. They'll be looking for .gov in general and Democrats in particular to "save" them again, which will increase support for the Party and even provide angry mobs for politicians to use as examples of why even more intervention ion the economy is needed. Somehow, the problems created by top-down control always seem to justify demands for even more top-down control. Like the cure for the hangover is even more whiskey, and more and more whiskey over time. The end result isn't pretty.
So, a while back you said you wouldn't be bitching about income inequality if the economy was healthy - and that income equality produced a healthy economy.
But by looking at this graphic I see lot's of countries with 'better' levels of income 'equality' whose economies are anything but healthy.
4 comments:
D'uh.
You know, though, part of me hopes that you fools and tools succeed in raising minimum wage to the $15/hr that some groups want. Sure, many of those current workers will be completely screwed as their jobs disappear, but robot burger-makers will be a hot-selling item along with other robotics and computerized systems. That would benefit me. I suspect that some (maybe many) of the loudest advocates of $15/hr minimum wage (which unions will love since their wages are often pegged as multiples of the minimum wage) simply don't care that many of the people they profess to want to help will be thrown out of work as their labor is too expensive for the work they accomplish. They'll be looking for .gov in general and Democrats in particular to "save" them again, which will increase support for the Party and even provide angry mobs for politicians to use as examples of why even more intervention ion the economy is needed. Somehow, the problems created by top-down control always seem to justify demands for even more top-down control. Like the cure for the hangover is even more whiskey, and more and more whiskey over time. The end result isn't pretty.
So I guess you would like to emulate England where the dole is considered a normal condition in life, nothing to be avoided even over the long term.
So, a while back you said you wouldn't be bitching about income inequality if the economy was healthy - and that income equality produced a healthy economy.
But by looking at this graphic I see lot's of countries with 'better' levels of income 'equality' whose economies are anything but healthy.
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