Comments by "whyamimrpink78" (@whyamimrpink78) on "Trump's Labor Secretary Pick Is Anti-Labor" video.

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  53. Gautier Blandin Not really.  Small companies can't afford automation as is.  Several companies have done away with minute tasks such as sweeping because the min. wage has made it too expensive to hire workers to do it.  And if we are in a position where technology is that advanced then we are fine as a society. "And why would you want to get teens to do it for less than the minimum wage ? The minimum wages exists because it's normal that when you work, you get paid a decent amount of money." Define "decent amount".  That is a very broad and subjective phrase.  Teens are just entering the job market and basically have no value.  When the min. wage goes up so does teenage unemployment.  I want them to get work experience to be more productive in the future. "The minimum wage is not even a living wage" Living wage is also a subjective and broad phrase that means nothing. "Not if you don't tax and regulate. If you DO NOT tax and regulate, what will happen is that people who OWN the robots will get richer and richer, because of capital gains being much higher than working class income." The only way the rich will get richer is if they sell a good/service to someone.  If people can't afford it they will have to lower the price.  Having all that production means nothing if they don't sell it.  In your productivity graph you will see that it started separate around the 70s.  What happened was that in the 60s the payroll tax was expanded.  So business instead paid through benefits instead of a higher wage because benefits were a 100% tax free way of paying people.  A higher wage meant higher taxes.  Therefore the payroll tax has hurt wage increases. So you have to be careful in analyzing that graph.  It is not as bad as you make it out to be. Nobody paid that high tax rate in the past.  That is why we had the tax reform bill of 1969.  In 1967 there were 155 Americans who earned over $200,000 that year who paid $0 in federal income taxes.  Also, even with the different tax rates our tax revenue, in terms of percent of GDP, has been around the same.  High tax rates don't tell the whole story.  Consider this, what is bigger?  50% of 100 or 10% of 1000?
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  73. ***** I have read that.  As is we lack researchers, doctors, professors and other skilled workers.  So to say that SBTC is not a thing is incorrect.  People need to develop the skills to earn more.  Certain jobs are going away thus people need to develop, at least a different set of skills.  That is the way it goes.  There are other factors that I mentioned led to income inequality as well. "That's a pretty big claim. I mean, it depends on a lot of factors. Where do you live? In the city, in the suburbs or in a rural area? Generally speaking, certain things have gotten cheaper while others have not. Housing has definitely not, healthcare has definitely not, education has most definitely not." I agree.  Land can change price.  But I find it ironic how you mentioned housing, education and healthcare where those are three areas the federal government has been heavily involved in.  "Yea, I know what the minimum wage is, and you still don't know what illiteracy means. Please go look it up in the dictionary." You still don't know what the word minimum means.  Please go look it up in the dictionary. "Seriously, this is basic economics. You don't know what the difference between real and nominal wages are? The more you comment, the more clueless you look." I do.  In the end you do not understand what the word minimum means.  Going back and reading another one of your previous comments you mentioned wealth inequality.  Wealth does not equal income.  You need to also learn what wealth is.
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