re: Arkansas Voted An Increase To The Min Wage - $11.00 Over 3 Years

quote:

---

Or automation, like McDonalds adding kiosks.

---

The failure behind the "a minimum wage increase will cause automation" argument has always been and will always be twofold

1. Those jobs will be automated eventually regardless of the minimum wage

and more importantly

2. There will ALWAYS be minimum wage jobs, which means , for example, that once McDonalds has fully automated their stores with the exception of a few managers to make sure the place keeps running, those managers will become the new minimum wage workers, and McDonalds will expect them to work for minimum wage because after all their primary goal is to produce at the lowest cost possible.

quote:

---

McDonalds will expect them to work for minimum wage because after all their primary goal is to produce at the lowest cost possible.

---

What McDonalds expects and what the market bares don't have to coincide.

And you will probably see more of that if we raise the min wage. That is a good thing.

quote:

---

What McDonalds expects and what the market bares don't have to coincide.

---

Of course not, but its not but we're not an open market in that way anyway. We are and have been for almost a hundred years been a market that the government sets a floor on wages and then allows employers and employees to figure it out from there. It seems to work fairly well for us, meaning the only real question is where should that floor be. Well in Arkansas it should be $11 within the next 3 years.

AND if you look at minimum wage adjusted for inflation over the years, $11 really only puts the minimum wage back to 1968 levels after watching it drop over in the intervening years. THat's another point so many point forget.

Now, if on the other hand you just believe that a minimum wage law at all is wrong, that's a different argument, but it can't be argued that the minimum wage isn't worth what it once was, it isn't.

Come on! DeQueen is hiring. You bilingual?

quote:

---

The counter argument is if as a company, if you are dependent on $7/hr labor, then you need to update your processes.

---

Higher wages for unskilled will lead to more automation and therefore more unemployment.

Thanks for your support.... big business thanks you as well

quote:

---

Creating temporary unemployment to advance the skills of the overall economy isn't always a bad thing.

---

I agree, however the rubes who support higher min wages don't understand economics and need to be reminded of the unintended results of their good intentions.

quote:

---

But what can be argued is that if you’re okay waiting to get your raises on the government’s timetable, you’ve got other issues.

---

To your point, I don't think that CAN be argued. If you only get pay raises when the minimum wage is increased you have some problems lol

quote:

---

Well in Arkansas it should be $11 within the next 3 years.

---

Nationally, adults making the min wage are In very low numbers


LINK

quote:

---

Full- and part-time status. About 6 percent of part-time workers (persons who usually work fewer than 35 hours per week) were paid the federal minimum wage or less, compared with about 1 percent of full-time workers.

---

quote:

---

Among hourly paid workers age 16 and older, about 4 percent of those without a high school diploma earned the federal minimum wage or less, compared with about 2 percent of those who had a high school diploma (with no college), about 2 percent of those with some college or an associate degree, and about 1 percent of college graduates

---