Let me say that I think people need to make a fair wage.
I had a conversion with a guy maybe 8 years ago. He was pushing a raise
in minimum wage. He was a big shot in Silicon Valley. I told him what
my econ prof said : "Alternatives become more available as the price of
any given thing rises." He premised this by saying Phelps Dodge does
not want copper to go over $1 a pound. It was in the late 80's. I
thought he was crazy until he mentioned alternatives. According to this
prof aluminum became viable once copper went over $1/lbs.
I went on to tell the Silicon Valley guy he and his cronies where the
ones that would benefit from excessive minimum wage. He seems shocked.
Now we see the proof.
Today automation is cheap and labor is not so cheap. Machines break
down, however they never call in sick or not do their job, and they will
work 24/7 w/o benefits. This article says two things to me.
Unskilled labor is about to be hardcore unemployed and the jobs that
will be available will be for those who have leaned some skills.
I'm thinking at some point in the future I will be replaced by a
machine. I am a programmer. The world will be ruled by the engineers.
On 2022-12-28 10:20, Harold Hartley via PLUG-discuss wrote:
> The article says there are people there to tend cash register and a
> couple of other things.
>
> On Wed, Dec 28, 2022, at 10:00, Steve Litt via PLUG-discuss wrote:
>> Keith Smith via PLUG-discuss said on Wed, 28 Dec 2022 07:22:37 -0700
>>
>>> Thought you might find this interesting.
>>>
>>> https://www.foxbusiness.com/technology/mcdonalds-unveils-first-automated-location-social-media-worried-will-cut-millions-jobs
>>
>> Sounds like a good idea, but I pay with cash, and I don't like putting
>> my twenty dollar bill in a machine, with no witnesses, and taking the
>> chance that the machine will simply eat my bill, with no audit trail.
>>
>> SteveT
>>
>> Steve Litt
>> Autumn 2022 featured book: Thriving in Tough Times
>> http://www.troubleshooters.com/bookstore/thrive.htm
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