Bill Gates thoughts on raising the minimum wage.

  1. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Bill Gates thoughts on raising the minimum wage.

    Microsoft founder and philanthropist Bill Gates appeared on MSNBC’s Morning Joe Tuesday, and was asked by co-host Mika Brzezinski whether he supports raising the minimum wage, as do most Democrats.

    Judging by the way Mika couched the question – and her reaction to Gates – she didn’t get the answer she was looking for. Here’s Mika:

    “What do you think about the minimum wage? Should it be raised? And should we want to see models more like Costco – where companies pay their employees a lot more than the minimum wage?”

    Ah, the proverbial loaded question. Anyway, Mika was a bit flummoxed by this answer from Gates:

    “Well, jobs are a great thing. So you have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution, and you’re going to go buy machines and automate things — or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    Given that Bill Gates tends to lean left politically, was Mika anticipating that he would “automatically” support raising the minimum wage? If so, here’s a bit of advice for Mika: As any good prosecuting attorney knows, never ask a question in court for which you don’t already know the answer.

     
  2. You have chosen to ignore posts from ZILLAGOD. Show ZILLAGOD's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    Humans will all be replaced by machines , anyway.

     
  3. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to ZILLAGOD's comment:
    [QUOTE]

    Humans will all be replaced by machines , anyway.

    [/QUOTE]


    Story goes that union leader Walter Reuther was once told by an Auto Executive "You're going to have a lot of trouble unionizing these robots."

    To which Reuther replied "Not as much trouble as you're going to have selling them cars."

     

     
  4. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to UserName9's comment:
    [QUOTE]

    In response to ZILLAGOD's comment:
    [QUOTE]

    Humans will all be replaced by machines , anyway.

    [/QUOTE]


    Story goes that union leader Walter Reuther was once told by an Auto Executive "You're going to have a lot of trouble unionizing these robots."

    To which Reuther replied "Not as much trouble as you're going to have selling them cars."

     

    [/QUOTE]

    That's a good one, shows a quick wit.

    However, it is reflective of how liberals and commies treat economies as static pies.

     
  5. You have chosen to ignore posts from jedwardnicky. Show jedwardnicky's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

     
  6. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to jedwardnicky's comment:
    [QUOTE]

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

    [/QUOTE]

    OK.

    Still not seeing how that has anything to do with raising the minimum wage.  I think Gates is giving his fellow lefties a taste of reality on this issue.

     
  7. You have chosen to ignore posts from jedwardnicky. Show jedwardnicky's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to ronreganfan's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

    [/QUOTE]

    OK.

    Still not seeing how that has anything to do with raising the minimum wage.  I think Gates is giving his fellow lefties a taste of reality on this issue.

    [/QUOTE]

    http://en.wikipedia.org/wiki/Fordism

     

     
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  9. This post has been removed.

     
  10. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

    [/QUOTE]


    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     
  11. This post has been removed.

     
  12. You have chosen to ignore posts from andiejen. Show andiejen's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

    [/QUOTE]


     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

    Great points regarding the minimum wage.

    To go furthur is to discuss a living wage and how to break the cycle of poverty that so many people are stuck in.

    People complain about raising the minimum wage as well as UI benefits and TANF etc. The real way for people to break out of poverty is with education. That should be a no brainer.

    One bill that has been introduced in the MA House would allow people receiving UI to also pursue higher education at the same time. Right now of course you are supposed to be looking  for a new job and be available for work if you are receiving UI.

    This would be a small step in helping people break the cycle of poverty. Any program that enables people with little or no skill sets to achieve some sort of higher education that will translate into a higher wage is what is needed to finally start to win the War on Poverty.

     
  13. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

    [/QUOTE]


     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

     

    Exactly right

     

     

     
  14. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

    [/QUOTE]


     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

    I can think of some that are ripe for automation or simply abandonment.  Carriage retrievers and baggers at grocery stores, for instance.  Ticket takers at movie theaters.  Paper filers of any sort.  It will happen eventually regardless, but now does not feel like the best time to lose those jobs en masse.

    But automation aside, I think if the minimum wage moves up to $10, then the $10/hour job moves up to $12/ hour, and that ripples through the economy.  And as the jobs increase in pay, the need to see an increase gets bigger, and the effect may ultimately be an increase in income inequality, or a devaluation of the dollar.

    But before you go thinking I've switched sides, I'd probably look for the solution in more money to welfare recipients - preferably attached to some sort of reform.  If you're a 16-year-old kid looking for gas money, you can make $8/hour.  I'm find with that.  It's probably good for you to see how hard it can be to make money.  If you have to work three jobs to put food on the table, that's a different story.

     

     
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  16. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to jedwardnicky's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

    [/QUOTE]

    OK.

    Still not seeing how that has anything to do with raising the minimum wage.  I think Gates is giving his fellow lefties a taste of reality on this issue.

    [/QUOTE]

    http://en.wikipedia.org/wiki/Fordism

     

    [/QUOTE]

    Ford has made a lot of automation experts rich by assembling machines to replace employees. I've toured the plants in Lansing and Dearborn, they are awesome and incredibly automated with machinery.

     
  17. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to tvoter's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

    [/QUOTE]

    OK.

    Still not seeing how that has anything to do with raising the minimum wage.  I think Gates is giving his fellow lefties a taste of reality on this issue.

    [/QUOTE]

    http://en.wikipedia.org/wiki/Fordism

     

    [/QUOTE]

    Ford has made a lot of automation experts rich by assembling machines to replace employees. I've toured the plants in Lansing and Dearborn, they are awesome and incredibly automated with machinery.

    [/QUOTE]

    Perfect example of where the progressives don't get the concept that an economy is not a static pie.  Jobs were replaced by automation at Ford plants, jobs were added to build the automation equipment, and, miracles of miracles, automation was supplied to other manufacturwers of many different things, creating even more jobs.  Probably better paying jobs than tacking on bumpers to cars on an assebly line..

     
  18. You have chosen to ignore posts from UserName9. Show UserName9's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to ronreganfan's comment:
    [QUOTE]

    In response to tvoter's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to jedwardnicky's comment:
    [QUOTE]

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

    Henry Ford

    "An idealist is a person who helps other people to be prosperous."

    Henry Ford

    [/QUOTE]

    OK.

    Still not seeing how that has anything to do with raising the minimum wage.  I think Gates is giving his fellow lefties a taste of reality on this issue.

    [/QUOTE]

    http://en.wikipedia.org/wiki/Fordism

     

    [/QUOTE]

    Ford has made a lot of automation experts rich by assembling machines to replace employees. I've toured the plants in Lansing and Dearborn, they are awesome and incredibly automated with machinery.

    [/QUOTE]

    Perfect example of where the progressives don't get the concept that an economy is not a static pie.  Jobs were replaced by automation at Ford plants, jobs were added to build the automation equipment, and, miracles of miracles, automation was supplied to other manufacturwers of many different things, creating even more jobs.  Probably better paying jobs than tacking on bumpers to cars on an assebly line..

    [/QUOTE]


    Yes....us progressives can't understand that.  It goes right over our heads. 

    And you forgot the part of the story about where the automation equipment (and its associated supply chain) is being made......overseas.  

     
  19. You have chosen to ignore posts from Hansoribrother. Show Hansoribrother's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

    [/QUOTE]


     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

    What is the difference between sending a manufacturing job to a plant in China or hiring an illegal alien to work in the kitchen of a restaurant down the street? Not much.

     

     
  20. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to Hansoribrother's comment:
    [QUOTE]

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

    [/QUOTE]


     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

    What is the difference between sending a manufacturing job to a plant in China or hiring an illegal alien to work in the kitchen of a restaurant down the street? Not much.

     

    [/QUOTE]

    We'll at least get sales tax from all those big purchase items people who make $6.00/hr are known for...

     

     
  21. You have chosen to ignore posts from NowWhatDoYouWant. Show NowWhatDoYouWant's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    So basically, the OP misquotes Gates and then misses his point with flying colors.

     

    The first few times I tried to open this thread, I couldn't. BDC told me the "backend is unhealthy." Fair point, I guess.

     
  22. You have chosen to ignore posts from NowWhatDoYouWant. Show NowWhatDoYouWant's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]


    Yeah but shu t up because SOCIALISM and FREEDOMS! Also, moonbats.

     
  23. This post has been removed.

     
  24. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: Bill Gates thoughts on raising the minimum wage.

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to Hansoribrother's comment:

    [QUOTE]

     

    In response to twelve_angry_men's comment:
    [QUOTE]

    In response to slomag's comment:

     

    In response to twelve_angry_men's comment:

    [QUOTE]

     

    Problem is Gates didn't say what the neo-cons wish he had said.

     

    And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

    The actual quote, @ :43 mark of the clip:

     "...it does doesn't cause job destruction...."

     




     

    Either way, the gist of the paragraph is pretty clear, and it's a fair point.  Look at all the call centers and IT / IS jobs that are done overseas now.

    The argument that $10 / hour is not a sustainable living wage is irrefutable.  But that the solution is raising it might be over-simplifying.

     

     

     

     

    [/QUOTE]


     

     

    Minimum wage jobs are either not outsource-able or not worth it for a company to move them overseas.

    Minimum wage jobs are primarily in the service sector or the farming sector.

    It's awful hard to outsource a waitress or a stockperson or a fastfood worker or a lettuce picker.

    Outsourcing is primarily in tech jobs and manufacturing and no one in tech makes minimum wage and the boat for low-end basic manufacturing has already sailed decades ago.

    Can you think of any minimum wage jobs that are ripe for outsourcing if the rate moves up to $10 / hr?

    [/QUOTE]

    What is the difference between sending a manufacturing job to a plant in China or hiring an illegal alien to work in the kitchen of a restaurant down the street? Not much.

     

    [/QUOTE]


    Which is why you can't grasp the basic economic impact of supply and demand.

    [/QUOTE]

    Oh, please, clue us in.

    (this ought to be good)

     
  25. This post has been removed.

     

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