| Dreamer1980 |
03-01-2021 04:45 PM |
Re: Democrats Coalesce Around April Immigration Deadline
Quote:
Originally Posted by JayR9
(Post 757711)
You do realize that Walmart and Amazon pay higher wages while cutting the number people hired by leveraging technology right? How many check our lanes do you see at Walmart these days have a cashier? How many amazon facilities are being built being run by robotics. Changing the min wage will do little to provide basic and living subsistence. The ultimate outcome will be unskilled labor that were moved up to $15 will be replaced by robotics and they will be on welfare anyways. Also Walmart and Amazon squeeze small businesses out because they achieve economies of scale. These two businesses are infamous for selling at a lost until their competitors close down.
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Robotics and automation will replace many in the labor force, and will also create new opportunities. A thriving economy can not coexist without a consumer demand.
The present issue is that lower tear wages have been stagnant for decades due to several policies, a raise in minimum wage is a necessity, specially now that the economy is about to get hit with inflation to the lower end consumer goods that have stayed out of price raises thanks to globalization and corporate welfare. I personally would benefit from lower wages, but I don't think it would be good for the economy and political outlook of the US. |
