Can someone answer my question about the minimum-wage hike?

[Baobab]

96. Its a question of time.

Last edited Sun Apr 10, 2016, 12:24 AM - Edit history (1)

We have maybe 20-25 more years of jobs as we know them today. By mid century we'll have machines that are self aware and can think, like us.

So these next few decades are the sunset years of work as we know it now. Soon, machines will do virtually everyting a human can do better and cheaper.

But between now and ten, during that time, people need to make enough money not just for themselves - but for all of their descendants- (just kidding, sort of, but, perhaps not)

Because automation is coming. So people need to make more. Now, because many, perhaps most of those unskilled and medium skill and even many higher skill jobs wont be there in ten or fifteen years. they will be automated.

At the same time, many national leaders are making commitments to trade many services jobs away, for example:

Business and professional services,
including:
•Accountancy services
•Advertising services
•Architectural and engineering services
•Computer and related services
•Legal services
•Communication services
•Audiovisual services
•Postal and courier services
•Telecommunications
Construction and related services
Distribution services
Educational services
Energy services
Environmental services
Financial services
Health and social services
Tourism services
Transport services

WTO GATS is privatizing services of all kinds - including education and healthcare all around the world.

How are people going to get their kids an education when their public services are being monetized and housing is becoming more gentrified (all those visiting service workers will need places to live)

Meanwhile, domestc service workers will be struggling, and without a pay increase, its likely few will successfully keep a roof over their heads?

Rich people will be living off their nvestments now, and wont mind the vanishing of their jobs, but poor people need to earn money to pay rent, eat and pay their bills. But, jobs will be going away.

Some things could be much reduced. The average Rx drug costs pennies a month to make.

As you pointed out wages are not a simple issue.

Frankly, some businesses really should not be in business with employees, if they can not afford to pay a decent wage.