California hikes minimum wage to $20/hr. Workers now make $0/hr

Discussion in 'Politics' started by Tsing Tao, Apr 4, 2024.

  1. UsualName

    UsualName

    I don’t know what you’re saying to be true. What are you taking about?
     
    #41     Apr 4, 2024
  2. UsualName

    UsualName

    Once again you’re being too clever by half and tricking yourself into believing something that is not true to feed your biases. Unemployment is unemployment. Its measure has been constant with minor tweaks here and there. We are currently in maximum employment with very little wiggle room. Which is why wages are going up.
     
    #42     Apr 4, 2024
  3. UsualName

    UsualName

    Im going to warn you ahead of time that what I’m about to say is very likely make you lose your shit.

    *Some people are better off on the couch than in the workforce. Whether it’s because their skills don’t match the labor market or the labor market doesn’t make work profitable for them.
     
    #43     Apr 4, 2024
  4. newwurldmn

    newwurldmn

    yeah. Exactly. Wages are controlled by the market. A min wage will only curtail employment demand. This is economics 101. Labor demand has elasticity and this is true now more than ever.
     
    #44     Apr 4, 2024
  5. newwurldmn

    newwurldmn

    how many manufacturing jobs are opening up in “low wage” states vs “high wage” ones?

    the answer may surprise you.
     
    #45     Apr 4, 2024
  6. UsualName

    UsualName

    *Minimum wages are controlled by the various states.

    There are many economic philosophies and very few actual rules.
     
    #46     Apr 4, 2024
  7. UsualName

    UsualName

    I am very much aware manufacturing is expanding and much of it in the south. I’m not quite sure we can say there is a full blown migration though.
     
    #47     Apr 4, 2024
  8. Hmm - small biz's go under.
    spitballin' here, but... maybe, just maybe

    that was always the globalist plan.
     
    #48     Apr 4, 2024
  9. Tony Stark

    Tony Stark


    Its not a free market when the government/ tax payer is subsidizing low wage employers.
     
    #49     Apr 4, 2024
    Ricter likes this.
  10. newwurldmn

    newwurldmn

    companies are net moving to the south and net expanding to the south. It's probably happening as fast as it reasonably can. Within a generation, i think there will be very little manufacturing in the north. There are many towns in the midwest and in new england where you can see the impacts of that. It's basically meth, poverty and high minimum wages fueled by the big cities nearby.
     
    #50     Apr 4, 2024