Would Raising the MinWage Fix Anything?

A key topic rolls around today…as we have finally gotten rid of some vicious attack code aimed at UrbanSurvival.  We always know we’re “close to the bone” in our analysis projects when the website attacks ratchet up.

But it matters not.  We know that the robots are coming, and we know that earlier thoughtful analysis was likely right on point (e.g. not enough jobs to go around).  Which is what the Bilderberg people are worrying about right now.

So this morning, some expert commentary from my friend Howard Hill (Finance Monsters) about how a bump up in the minimum wage would impact the economy.

With jobs on track to become about half as plentiful and in 10-years, or less, it’s not a trivial problem.

Especially if you like to eat, now and then.

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Comments

Would Raising the MinWage Fix Anything? — 2 Comments

  1. EatTheWeeds dot com has also been under cyber attack recently, The Green Dean was unable to post a regular news letter.

  2. I just know this: Latest out this last week says that nowhere in US can one person’s full time min wage job pay for a one room apt. I’d venture even a studio or room in a person’s house is ruled out on the two coasts.[Saw ad last year for a couch, in a bay window, [that’s right], in Seattle for $800. WTF![yes, that’s from great-grandma here].. For an economically ‘healthy’, budget, 30% of income should go for rent/roof/mortgage, not including utilities. So if two people working the theoretical 40 hour week bunk together, it’s still over 50% to meet that rent; how much over? Things are out of balance for sure. Real estate is still bubbling, I promise you. What a fall it’s going to be. So many things based on margins, leveraging, juggling,
    etc. Life doesn’t cooperate with our demands and feelings of entitlement, long term, does it? You are of an age and so are many of your readers, to know that…What will the Black Swan be, or will it be a cluster of bbs’s[baby black swans].