Former McDonald's USA CEO: $35K Robots Cheaper Than Hiring at $15 Per Hour

[Pemalite]

fatslob-:O said:

Pemalite said:

The USA is supposed to be the "land of opportunity" - But really it's anything but that.

There is a large fraction of the American population living in poverty or near poverty, why is that seen as acceptable?

The labour theory of value doesn't exactly match the demands of the market ... 

Just because it's hard physical human labour doesn't mean it's valuable just like how practically nobody values a farmers job ... 

Poverty is but a temporary state just like being wealthy is ... 

USA is the land of opportunity when it has the most amount of millionaires compared to ANY country out there ... 

Well. When you are the largest developed nation on Earth, you obviously will have the most millionairs as a total number, will be interesting to see how that changes with China's potential to displace the USA over the coming decades.

A more important figure would be millionaires per capita... Which Qatar, Switzerland, Singapore, Hong Kong, Kuwait, etc' beat the USA hands down.

The USA also has more people living in or at the poverty level than most other developed nations, serious income inequality.

With that said, majority of people aren't going to be wealthy, I have a few millionaires in my family, but I am unlikely to ever trend at that kind of wealth level and that is fine, because even on the average wage of 80 grand a year, I am not to bad off.

fatslob-:O said:

Goatseye said:

How do you achieve that when most job opportunities are shipped somewhere else? It sure humbles American families but in no way it makes them stronger.

Then you bring value to your work by matching the demands of the market ... 

Jobs aren't about being fun, their god damned work! Everybody keeps teaching kids about being extremely comfortable or enthuisatic about their dream jobs but it's a stupid idea when it can't bring food to our table most of the time ... 

You MUST do jobs that get you money EVEN if you HATE it ... 

Jobs can be fun, if you do it right.
I entered the job market when I was a teenager and scored a job that I enjoy, 12 years later I still enjoy it, but I had the right opportunities available to me that suited my wants, not everyone is so lucky.
I was also able to do that job whilst getting a degree, I didn't wait untill after I got the degree to get a job.


Fact of the matter is, your minimum wage is disgusting and there really isn't any need for it to be that low.