Posted on 01/29/2014 10:18:17 PM PST by Olog-hai
That’ll be worth 10¢ an hour in a week if hyperinflation starts to set in. And then a lot less than that not long afterwards.
And those ones that have done so have paid the price for it as well. San Francisco lost Subway’s $5 foot-long sandwiches due to production costs being too high in the city thanks to the city-mandated minimum wage of $10.24/hour.
It’s always important to have federal everything to centralizing leftists.
When I heard this, I told my mother that he probably doesn’t have any minimum wage employees so he won’t be affected. However, the businesses on the edge that he mentioned but quickly dismissed not only have to up the payroll but they also have to send in more payroll taxes. Not every job is worth $10 an hour!
What part of increasing consumer costs and not hiring minimum wage earners does he not get? What employer wants to hire an inexperienced person for that kind of money when there are so many mature, work-experienced people looking for jobs? It’s getting harder and harder for those starting out to get that first job.
Robot hamburger factory makes 360 Gourmet Burgers every hour...
http://www.freerepublic.com/focus/f-bloggers/3100817/posts
By the way, why doesn't Obama threaten to raise the federal minimum wage by executive order? Because he knows it will hurt the economy... and he wants to share the blame with the Republicans.
I saw that segment. O’Reilly just sounded stupid and out of touch.
The guy was never a true conservative so this does not come as a surprise at all. He seems to agree with Obama on a lot.
Blowhard O’Blowhard can STFU.
I would.
Better than someone like Jesse Jackson spitting in my Food because he’s Racist against White People.
I agree with raising the minimum wage, but why stop at ten? 35, 40 or even 50 bucks an hour would really boost the economy and help the government collect more taxes. /sarc
Great. Then many adult minimum wage workers would be vulnerable to replacement not only by illegals, but also by teenagers.
BOR and Democrats have the type of brains that don’t even think consequences through for two steps.
How would you know what the people who maintain the robots put on the working surfaces, though?
I must disagree...I like a lot of boobs. ;-)
Bag O’ Rocks O Reilly is such an expert on public policy. I wonder how many elected offices he has ever held, at any level (including dog catcher)? Has he ever offered the voters an opportunity to express their support/opposition to his stated positions on public policy?
This is why I gave up on FOX years ago, as bad as CNN.
These fools simply do not understand that the key to survival is raising the worker’s minimum value-in-use.
Walking Brain Donor alert!
What is never mentioned in this debate is that those who would benefit from a raise in the minimum wage have already willingly contracted with their employer for a wage that is obviously acceptable to them. It is not as if they’re held captive, they willingly show up to work, at a contracted wage they obviously deem beneficial to them.
Whether they’re happy or not is not the question to be asked.
Most of those who begin a job at the minimum end up raising the value of their labor through industry and acquired knowledge of the job, and receive raises accordingly.
One of the problems here is that there is such a large supply of unemployed young people that in some industries there’s no reason for an employer to pay more. A minimum wage increase does not fix this problem, it only exacerbates it.
And there are still a lot of folks...a few on here...who think O’Reilly is “conservative”...scary
You don’t know how correct a statement that is. In less than 10 years a machine will be doing those jobs of cooking and serving up food . Right now with the cost of technology coming down and with the threat of wages going up, some fast food restaurants will find it cost effective to purchase these machines.
Soon these jobs will be gone.
Also, I read a story about how efficient package shipping had become and if you pay attention to the decline of brick and mortar stores, you’ll understand that in the future the store you actually shop in will be gone.
Remember jobs leaving the US and going to China? Jobs will be going to robots.
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