Nothing & Everything > Open Discussion
Election 2020
Jake:
--- Quote from: ethic on October 18, 2019, 05:58:55 AM ---Increasing the minimum wage means more people have more money money to spend (there are more potential customers); which means more goods and services are purchased; which creates more jobs. It is ultimately better the economy. There is not a single product that will increase in price because people are earning a few dollars more per hour. I'd say it's more rational to believe that prices will drop as there will be more customers to compete for. Merchants generally don't know the salaries of their customers.
It will also lessen payday loans and the reliance on credit cards.
--- End quote ---
looks like higher education failed you as well, ethic. I am sorry.
Let me spin this around a bit and give you an example that directly effects me (but positively!). Do you know what the highest expense for a retailer is? in this instance a grocery store, supermarket, Kroger, target, wallmart, etc. Payroll - payroll is the biggest cost. Chicago is on track to have a $15/hr minimum wage in a couple of years. These retailers know that the only two ways to handle this increase is to A. increase the prices on their goods or B. do something to manage the increased payroll. And many are going with option B. And that mainly involves rolling out self checkouts to their stores. There isn't a kroeger around Chicago that doesn't have at least 6 of them. Many have 10-15 of them. I just opened a store in the Chicago burbs with 30! yep, 30 self checkouts. Business is booming, baby!
I'm sure you've seen it to. Not only in retail stores but in fast food places also. self serve kiosk are everywhere and the main reason for that is minimum wage getting higher.
Walmart's plan is to have 80% of all transactions go through self checkout by the end of 2020.
Just a few years ago Target vouched to never put in self checkouts - and now you will not find a store without them.
Perspective:
>self serve kiosk are everywhere and the main reason for that is profit margins are higher.
I think this trend is independent of minimum wage. How do you possibly make 30 humans cost competitive with 30 self-checkout machines? Even if minimum wage was $2 / hour you'd still probably be ahead with self checkouts after a year or two.
charlie:
--- Quote from: Jake on October 17, 2019, 10:54:55 PM ---you say that, because you listen to NPR/CNN - if you would listen to FOX News, your outlook would be 180 degrees opposite! haha.
--- End quote ---
:eek: :uhyeah:
--- Quote from: Jake on October 17, 2019, 11:07:43 PM ---I don't know too much about her, but from what I do know is that she wants to get rid of the electoral college - this would pretty much mean that Democrats would start a democracy of power and the states with big metropolitan areas would decide who gets elected. And I say, fuck. that.
--- End quote ---
:uhyeah:
This is wrong, by the way. I don't know if she wants to get rid of the electoral college or not (she couldn't do it by herself anyway, that's like a part of the constitution), but even if it was gone it would not specifically favor the democrats. It's just "luck" that the Republican candidate has won the Presidency with fewer votes twice in the last 20 years. It could just as easily go the other way.
Maybe you're thinking of the senate, where if we had 1 person, 1 vote the democrats' position would be improved?
Mike:
I liked Warren until yesterday when she decided to jump on the anti-charter school bandwagon. /sigh
re EC: How is it any different than the current political setup where only a handful of states are visited? Did you know that in the last election neither of the major party candidates visited California after the primary? You know, the state with the most people.
Jake:
Why would they visit a state which they know will not swing? Something in IL - I don't think either candidate visited last time around.
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