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Wait, so we're saying $15/hr is "underpaid" for HS kids doing unskilled labor?
It's over 100% here. $23/hour to sit at home (OH, some states are more), so if you "only" make $14, $16, $18 or even make $21 an hour...Sounds like good use of your local economy.
If you want adult workers, stop paying them 100% of their salary on unemployment in subsequent months. Reduce it by a percentage, and they will have motive to get back to work.
New Brunswick Lobster company can't operate because they can't use their usually temporary foreign workers. They had an online job fair to fill the roughly 600 positions aand got only 25 applicants.
So they moved the operation to Nova Scotia and will hire highschoolers ($15/hr) and Middleschoolers ($13/hr with their parents permission).
So yeah, not safe for kids to go to school but we can send them to work in underpaid factory jobs? Why do we have jobs in Canada that pay so low only TFWs will take them?
https://www.cbc.ca/news/canada/new-...porary-foreign-workers-local-hiring-1.5570176
This is true, but you need to factor in automation as well. The only reason these plants haven't automated further is that they can still get cheap labour. Taking that option away is not as likely to lead to increased wages as it is to lead to investment in automation.
There are fabrication companies in Atlantic Canada and up the Eastern Seaboard in the US that can turn a 30 person line into a 6 person line for half a million dollars or so. Do the math. Your first inclination isn't going to be to raise wages.
Funny how we can agree so completely on this yet disagree on so many other scenarios involving empathy.Many "shitty underpaid jobs" are essential to keep a society running and people have to work those jobs. The people who work those jobs should be treated with dignity, paid more money, and shown more appreciation for what they do. It is too bad education doesn't teach people to be more compassionate.
Raise prices to raise wages? But that's just inflation. Your income goes up and your expenses go up along with it. What would be the point?
Many times instead of having job that pays people a living wage, we have to subsidize it's workers. I think k if we forced companies to pay living wages and those wages were reflected in the product's prices, it would end up the same. We're just paying with taxes and social costs. Which I think is worse for societyMaybe. It's tough to say.
Social welfare, in theory at least, redistributes wealth. So it takes buying power from people who have more and gives it to people who have less. Inflation mostly just changes the numbers on the currency, but the redistribution that it does perform effectively is from those with savings to those with debt and/or property... which isn't the same as moving wealth from the rich to the poor.
Part of the side effect of inflation is wiping out the $10 k savings account of grandpa to the benefit of the over-leveraged billionaire.
Many times instead of having job that pays people a living wage, we have to subsidize it's workers. I think k if we forced companies to pay living wages and those wages were reflected in the product's prices, it would end up the same. We're just paying with taxes and social costs. Which I think is worse for society
Many times instead of having job that pays people a living wage, we have to subsidize it's workers. I think k if we forced companies to pay living wages and those wages were reflected in the product's prices, it would end up the same. We're just paying with taxes and social costs. Which I think is worse for society
Funny how we can agree so completely on this yet disagree on so many other scenarios involving empathy.
This may be a stupid question, but WHY do lobsters need to be processed?
In a world of QE, I don't think k some inflation is a bad thing. In fact it might take away from the asset inflation of property and stocks thays been occurring the past decade.Again. Maybe. But the difference is, again, that one method is a form of wealth redistribution that moves wealth from rich to poor, and the other is inflationary, which moves wealth from savers (not necessarily rich) to those in who are leveraged (not necessarily poor).
Studies have shown that raised wages would be a benefit and while goods would go up in cost people would be able to afford more than they were before. Wages would raise higher than goods. Here
"According to the Bureau of Labor Statistics, 1.54 million people working in food preparation and serving related occupations make at or below the federal minimum wage of $7.25 per hour. Raising their hourly wages to $15 -- a 107% increase -- would cause prices to rise an estimated 4.3%. That means your $3.99 Big Mac would wind up costing $4.16, and an average fast-food meal costing $7.00 would go up in price to $7.31."
Wait, so we're saying $15/hr is "underpaid" for HS kids doing unskilled labor?
In a world of QE, I don't think k some inflation is a bad thing. In fact it might take away from the asset inflation of property and stocks thays been occurring the past decade.
I think giving people artificially cheap items and shielding them from the consequences is bad idea and is why we have so much wealth inequality. If people saw their impact more and more profoundly, they might actually care
Automation creates high paying jobs. I am ok with that.
And you can't build jack shit for half a million. Its damn expensive. If it was half a million every company would do it instantly.