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"Soon the McDonald’s workers Sanders and Democrats promised would get a “fair living wage” to take customers’ orders for Big Macs “will have absolutely no wages
by smcl 10y ago
"Soon the McDonald’s workers Sanders and Democrats promised would get a “fair living wage” to take customers’ orders for Big Macs “will have absolutely no wages at all courtesy of the ‘Fight for $15,’ ” Zero Hedge reported on Jan. 26."
I love how these guys spin things, truly impressive. So Bernie wanted a $15/hr minimum, but didn't even get the Democratic nomination. Hillary sorta backed $12.50/hr, but lost the election. Yet somehow the World Tribune lays the blame for some future job losses in the fast food industry at their feet? Incredible!
We are well and truly in The Zone now ...
- al2o3cr 10y agoTBH, if Zero Hedge accurately reported that the loss of wages was due to the executives who authorized the R&D for this system half of their readers would immediately denounce the site as Communist propaganda.
- dxhdr 10y ago> TBH, if Zero Hedge accurately reported that the loss of wages was due to the executives who authorized the R&D for this system half of their readers would immediately denounce the site as Communist propaganda. Not sure I understand; your argument is that automation is the result of sinister executive R&D?
- smcl 10y agoWhere are you getting "sinister" from? There's no negative implication in the GP commenter - they were literally just describing the root cause. We're on Hacker News, I think it's safe to say that automating processes/jobs is our bread-and-butter. The issue is that someone's trying to imply that merely proposing that the US has a modest minimum wage is enough to endanger people's livelihoods. To me that's the only sinister thing here - which is basically what my original comment was hinting at.
- dxhdr 10y agoI'd argue the root cause is the decreasing utility of unskilled labor in an increasingly automated economy. Automation is inevitable, not the result of a few executives "authorizing" R&D. Describing it that way is a gross mischaracterization. > The issue is that someone's trying to imply that merely proposing that the US has a modest minimum wage is enough to endanger people's livelihoods. I didn't interpret the argument that way. To me it read as: look, here's a machine replacing unskilled labor at the current minimum wage, imagine how much more common this will be if it were raised to $15? Unfortunately they didn't provide any actual economic analysis as to the answer to that question and instead just smeared a political party; very low quality article indeed.
- dxhdr 10y ago> Yet somehow the World Tribune lays the blame for some future job losses in the fast food industry at their feet? Incredible! I don't think anyone is blaming Bernie and Clinton, it reads to me that they're criticizing the idea of a $15 minimum wage as counterproductive. And mocking the politicians who support it, sure.
- smcl 10y agoHehe they're pretty direct with their finger-pointing so I think you're being a little charitable with your interpretation. Roast as many politicians as you want for whatever reasons you want, they usually deserve it. In this case though it's a little misplaced, and the "Democrats killed jobs" narrative is a little sneaky.
- kevin_thibedeau 10y agoIt makes so much more sense to permanently freeze wages while inflation makes its steady march. What could possibly go wrong?
- smcl 10y agoAre you for real? That is not what minimum wage is - you don't just set the level once and then forget about it forever. The UK has managed to have minimum wage for decades, increasing more-or-less in line with inflation every year. Edit: ... furthermore at least this way you get some kind of increase. As inflation makes its steady march do you think the fast-food industry (or the service industry overall) have kept up?
- CaptSpify 10y agoI think he was being sarcastic