Both of my long time readers have queried, Rumbear what is the deal on this sustainable minimum wage? Well, I always defer to the Master on things of financial import. So I will utilize some illustrations to hopefully show the idiocy of raising the prevailing wage for a job a robot could do. In Detroit the auto industry found out the hard way that the cost of labor impacts the price of good sold. Whoa....head spinning yet? Duh....here's a hint....it is an "entry level position"....not a fricking career.
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