martybegan
Diamond Member
- Apr 5, 2010
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that is up to them; but, they may have to compete, with Henry Ford imitators.
The current "Henry Ford" concept IS automation..
No, Henry Ford utilized the specialization of labor, a concept that was first addressed by Plato. But Ford was a Georgist, he understood Adam Smith and economic rent, which is why he utilized his knowledge of Marx and his arguments against the specialization of labor, and offered high compensation to offset employee disappoint and unrest due to consistently repeated actions. The very "spiritual and physical depression" that Marx had addressed.
No question here. Henry Ford would be an advocate of a fifteen dollar minimum wage. He would be absolutely horrified at the structure of the McDonald's organization and it's efficient extraction of economic rent from multiple sectors of the US economy.
He would also still be railing against the Jews.
Ford made a product people could afford, using low skilled labor that he paid well, but that he was not forced to pay more than they were worth.
The issue isn't businesspeople deciding to spend more on labor to get loyalty/productivity, the issue is government mandating that they do without any guarantees of a better return on their labor investment.
My position is that the minimum wage, in no way, reflects the value of the labor produced by the minimum wage worker. Lots of reasons for that. Doesn't matter. The minimum wage has become a minimum floor in which labor prices are negotiated. When this happens, distortions enter the marketplace, market inefficiencies begin popping up, and we turn a welfare program that was suppose to help the down and out into a program to subsidize the low wages of employers extracting huge amounts of rent from the economy.
I say the minimum wage worker is already producing fifteen dollars worth of value. If he is not, then hell, I want them replaced by a robot. Hell, I don't care if you don't replace them at all. The way I see it, if someone can't produce at least fifteen dollars of value to the economy they should stay the hell at the house and out of the way. It costs more than fifteen dollars an hour worth of infrastructure and resources to get them back and forth to work, let alone what resources they consume when they are there. And that is what a minimum wage is suppose to be. A minimal level of production value society is willing to accept, not the minimum amount an employer wants to pay.
Aminimal level of production value society is willing to accept, not the minimum amount an employerwants to pay.
You thought you could sneak that in you did you?
If they are only producing $5 bucks of goods how can the employer pay them $15 an hour?
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You know the answer, the guy putting up the capital and assuming all the risk should work for free.