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



15 bucks? LMAO. Hell no. I'm fine with starting at $8 and slowly working my way up at the PART-TIME JOB.


People need to realize that you should work at McDonalds for quick cash to save for your year off college or extra time off during high school.



 

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12/22/2016- Made a bet with Ganoncrotch that the first 6 months of 2017 will be worse than 2016. A poll will be made to determine the winner. Loser has to take a picture of them imitating their profile picture.

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fatslob-:O said:

Cheaper employment = lower prices so all of us will see financial gains regardless ... 

It's the middle class that needs to rethink their value, who said capitalism wasn't going to bring in a vicious cycle of poor and rich ? 

Greed is an issue since a lot of big US companies are keeping the cash rather than investing it for some reason ... 

Cheaper employment = / = lower prices. Cheaper employment = more money staying at the top, which as you said is not being circulated through the economy proportionally. It is literally the rich competing among themselves while more of America winds up on the streets. 

 

If you INCREASE wages for everyone below the elite, guess where that money can only come from? Guess who all of a sudden has more buying power? Guess who's actually going to spend that money and reinvest in our economy? Tell me what is the point in having more money than you literally know what to do with. I understand that the idea of limitless financial potential is tantalizing, but without regulation or even just responsibility we quite literally end up with the current state of affairs.



* Australia's minimum wage is almost $17 an hour.

* Workers aren't being replaced by robots.

* It makes other forms of work seem more valuable, thus they tend to have wages that pay more.

* Everyone earns more, so they spend more.

* Our burgers cost only about a 50-70cents more than the USA, while opening up opportunities for the workers to farther their careers by being able to AFFORD their higher education, it's almost expected a young teen would be working at a job like Fast food.

* No one leaves tips, there is no need to do so.

The USA's minimum wage has been stuck at it's level for decades, consequently... Thanks to Inflation, workers today are earning less than they did a decade ago for the same amount of work... Why? Because of greed.
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?




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AbbathTheGrim said:
This thread escalated quickly and we're not even talking about sex-bots yet.

I don't think the feeling of metal entering your body would be pleasant...Unless you're into that kinky stuff, i'd recommend sticking with actual humans



 

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12/22/2016- Made a bet with Ganoncrotch that the first 6 months of 2017 will be worse than 2016. A poll will be made to determine the winner. Loser has to take a picture of them imitating their profile picture.

Ljink96 said:

Are you insane!!! It is because American companies finding cheaper employment for their own financial gains that we've been in this crisis for so long (1). You can't expect that to benefit all americans, it only benefits a small few. It's pure economics. You take jobs away from people to make a quick buck and leave others without employment, the middle class. If the middle class americans aren't working then america is screwed (2). The poor don't account for income and the rich are too greedy and avoid taxes (3). It's a recipie for freaking disaster. What made the US an economic powerhouse was the automotive industry that boomed after WWII. Where things were made in America and Americans bought our own products. What's happening is, people are becoming greedy, American Greed, and finding ways to make cars cheaper overseas and thus taking money out of the US circulation (4).

You can't expect something to stand strong if you're putting in little and always expecting a lot. That principle only works for so long. Read up on economics and what really happened to put America into its current sorry state. Useless wars inside and out and greed: Carrier for example, are what put America where we are now. We're trillions in debt, our petrodollar is dying, and we're told everything is okay and it really isn't. Not wanting to pay Americans to do work just because you can find a place where you can get labor done cheaper sounds good to a business but to a country that used to rely on that income to remain an economic powerhouse...it sounds like bullshit. And it is.

1) There are several "crises" going on right now, so I'm not sure which one you're referring to. The predominant one of the era is the general economic stagnation since the 2008 collapse, so I'm going to assume that.  That crisis had nothing to do with outsourcing to cheaper countries. It was a result of interest lates being kept artificially low for decades, conseqeuently causing an over-leveraging of debt. Federal law massaged a large chunk of that debt into real estate, hence why that was most affected. This is still going on, by the way, and the auto industry is showing similar patterns to housing back in 2005-2007.

 

 

2) The minimum wage stuff in this thread doesn't even relate to the middle class. Minimum wage individuals are not middle class. Middle class is households who earn around $50,000 per year. Less than 3% of the population makes minimum wage, half of which are under 24 years old, and the largest chunk of which work in restaurants where tips make up the bulk of their income.

In addition to this, yes, the middle class *is shrinking* but it's not because they are getting poorer. The largest chunk of people leaving the middle class has been to people going to higher income groups. That's not exactly what I'd call a crisis.

 


3) The rich are "too greedy and don't pay taxes". Top 20% pay 84% of income taxes, bottom 20% receive more than they pay. Or, even more rich, top 1% pays 45% of income taxes.

 

 

4) You tell me to read economics, and then show no understanding of how foreign trade works. When an American buys a car from Japan, Americans buy in USD, and Japanese sell in JPY. At some point, a person (usually a bank or fx dealer) will buy JPY for that American, and sell that American's USD. The only way that the dealer can do that is if they find somebody else willing to buy the USD, ie, find somebody wanting to buy goods from the USA. True, that person may not be interested in buying an American car, but they may be interested in buying American corn, or beef, or planes, or financial services, or even a vacation to Disney World.

People who tell you that the United States has a trade deficit are only looking at half the equation, the current account deficit. In order for there to be a current account deficit, by definition, there must be a capital account surplus. Read economics.




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Pemalite said:

* Australia's minimum wage is almost $17 an hour.

* Workers aren't being replaced by robots.

* It makes other forms of work seem more valuable, thus they tend to have wages that pay more.

* Everyone earns more, so they spend more.

* Our burgers cost only about a 50-70cents more than the USA, while opening up opportunities for the workers to farther their careers by being able to AFFORD their higher education, it's almost expected a young teen would be working at a job like Fast food.

* No one leaves tips, there is no need to do so.

The USA's minimum wage has been stuck at it's level for decades, consequently... Thanks to Inflation, workers today are earning less than they did a decade ago for the same amount of work... Why? Because of greed.
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?

Well that's interesting (: 



aLkaLiNE said:

Cheaper employment = / = lower prices. Cheaper employment = more money staying at the top, which as you said is not being circulated through the economy proportionally. It is literally the rich competing among themselves while more of America winds up on the streets. 

 

If you INCREASE wages for everyone below the elite, guess where that money can only come from? Guess who all of a sudden has more buying power? Guess who's actually going to spend that money and reinvest in our economy? Tell me what is the point in having more money than you literally know what to do with. I understand that the idea of limitless financial potential is tantalizing, but without regulation or even just responsibility we quite literally end up with the current state of affairs.

Ever heard of competition ? 

If you don't use cheaper employment to your advantage then you'll be out of business in no time when your competitors are taking advantage of it ... 

The cycle of rich and poor can only be broken when the latter must become more humble and stronger ... 



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 ... 



I like how he immediately stops thinking about the welfare of employees in the face of making slightly less money. CEOs are scumbags.



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fatslob-:O said:
aLkaLiNE said:

Cheaper employment = / = lower prices. Cheaper employment = more money staying at the top, which as you said is not being circulated through the economy proportionally. It is literally the rich competing among themselves while more of America winds up on the streets. 

 

If you INCREASE wages for everyone below the elite, guess where that money can only come from? Guess who all of a sudden has more buying power? Guess who's actually going to spend that money and reinvest in our economy? Tell me what is the point in having more money than you literally know what to do with. I understand that the idea of limitless financial potential is tantalizing, but without regulation or even just responsibility we quite literally end up with the current state of affairs.

Ever heard of competition ? 

If you don't use cheaper employment to your advantage then you'll be out of business in no time when your competitors are taking advantage of it ... 

The cycle of rich and poor can only be broken when the latter must become more humble and stronger ... 

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.