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

Posted on 11/7/18 at 10:09 am to
Posted by AUCE05
Member since Dec 2009
42584 posts
Posted on 11/7/18 at 10:09 am to
This talking point is always a great way to identify people with little economic knowledge. Somewhere in 1899, there was a guy who was passionally against mechanical horses because it would negitavly effect the horse industry, and take away jobs.
This post was edited on 11/7/18 at 10:11 am
Posted by beerJeep
Louisiana
Member since Nov 2016
35309 posts
Posted on 11/7/18 at 10:14 am to
quote:

This talking point is always a great way to identify people with little economic knowledge. Somewhere in 1899, there was a guy who was passionally against mechanical horses bescause it would negitavly effect the horse industry, and take away jobs.


It’s funny because your lack of understanding of basic economic principles, most importantly, economies of scale.

Machines can make and do things far faster, far more efficiently, and far longer than humans can and with far less overhead and problems.

It’s not even comparable.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
263324 posts
Posted on 11/7/18 at 10:15 am to
quote:

This talking point is always a great way to identify people with little economic knowledge. Somewhere in 1899, there was a guy who was passionally against mechanical horses because it would negitavly effect the horse industry, and take away jobs.


There wasn't a minimum wage in 1899. Labor was cheap. It allowed people to change industry rather fluidly.

In today's technical age and overbearing HR departments this is no longer possible.
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