This Happens When Politicians Regulate Economies.
techriot@hub.natehiggers.org
This Happens When Politicians Regulate Economies.One has the opinion, that there would be many more jobs available, if there were no government mandated minimum wages. The minimum wage is unconstitutional, since it prevents prospective workers from setting their own wage rate as a means to stave off the competition or for whatever reasons. After all, whose labor is it anyway?
Obviously, the same people who think that getting a tax refund is a good thing, are perfectly okay with the government dictating what price they can charge for their own labor. The states on the US west coast had a bright idea to interfere by meddling with the economy, by setting a minimum wage of fifteen dollars, per hour. That led to less hires and more unemployment. I'd rather work for eight dollars an hour than be employed and have a minimum wage of fifteen dollars to boot.
That sort of government interference has led to all those fast food restaurants hiring fewer people and automating their stores. A trend that will ultimately, become normalized as stupid people always get the stupid government that they hire and the government that they deserve. The Surprising Effects Of Fast Food Kiosks
For as long as there have been machines, there have been fears of machines taking your job. One of the latest incarnations of this phenomenon is the fast-food ordering kiosk. No longer will you have some teenager asking you if you want fries with that. These days, you are more likely going to find the question on a touch screen. So, are those poor kids out of an entry-level job? Apparently not, according to a recent CNN story.
#
Government_Interference #
Automation #
Minimum_Wage #
Living_Wage #
Unintended_Consequences
Hexit
IRC Chat
Tic-Tac