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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (956556)	8/14/2016 1:09:31 PM
From: i-node	Read Replies (2) \| Respond to of 1574854

Education and training are essential just to try to slow the replacement of workers with automation. Automation is, inherently, going to further increase disparity. As to infrastructure spending you have to do upkeep, but we pay massive taxes for that and it got used for other stuff. I'm not sure where that money is going to come from. It certainly isn't a good ROI to add it to our debt. As to minimum wage, "So what did they find? People are getting paid a higher wage -- and yet, earnings didn’t rise much, because people are also working less. People who made less than $11 an hour before the law took effect saw, on average, a modest bump in their paycheck (about $72 every three months). The median number of hours worked fell by about four hours per quarter." http://www.bloomberg.com/view/articles/2016-08-11/early-returns-from-seattle-s-minimum-wage-experiment This is basic economics. No surprise at all. When you raise the price of something demand will fall. Substitution will occur. No magic here. Our health policy was just fine until the idiots screwed it up. Minor changes could have sufficed. As you see, it has turned into an absolute disaster, which many of us predicted. At this point it is unclear whether people will be losing their coverage this year or next, but it is clearly happening. Meanwhile, states can't begin to pay for their shares of Medicaid. Train Wreck is an understatement.