On Sat, 06 Jun 2015 20:01:08 -0500, Ignoramus26399
On 2015-06-07, Terry Coombs wrote:
On 2015-06-06, Gunner Asch wrote:
Btw....the unemployment figures are growing again..particularly in
places that have instituted that $15 min wage.
I am convinced that $15 minimum wage is a disaster for cities that
adopt them, because it will decimate low income communities through
unemployment and crime.
I am very interested in what happend to Los Angeles a few years after
their new minimum wage goes into effect.
Generally, robots will replace low income people anywhere, but not as
fast as where a high minimum wage is adopted.
After all, a robot can flip burgers pretty well!
And very precisely , every burger exactly 1.456 miuntes per side .
The robot also does not complain, and does not need health insurance.
And robots don't pay taxes either....
About 46% of the U.S. National Revenue comes from personal income tax
while 32% comes from payroll tax, or in other words, some 78% of the
taxes are generated by folks who work.