Quote:
Originally Posted by redpoint5
Of course, I meant in terms of a paying job though. Set minimum wage at $20/hr, and a lot of jobs go away. Society deems jobs below that to not be valuable human pursuits.
My point is, technology keeps raising the skill bar for employment, but humans are still running the same wetware since human biology doesn't change as rapidly.
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We are getting there faster than you think. Minimum wage just makes our ROI better for automation (we have a lot of minimum iq jobs that haven't been replaced by machines yet because labor was acceptable). Our $/hr required to get employees now that the national chains have decided to raise their min wage nationally and just subsidize the local wages has gone up about 75% in the last 18 months. This isn't a big deal in California where that still doesn't even make a dent in a livable wage, but here it does. Thats a lot of money to compete with. lol