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Sly · 01-16-2016, 10:11 AM

Many companies have 4 employees doing what 3 employees could do if managed and trained properly.

You start out with $10 an hour, that is a cost of $40 an hour with 4 employees (not including everything else like unemployment tax, benefits, etc.) Now you raise the wage to $12 an hour which accounts to a cost of $48 an hour, that's a pretty decent bump.

Company wises up and does one of three things:
1) Eliminate one job, the remaining 3 employees pick up the slack and they save money
2) Invest in alternate labor methods that are now more cost efficient (robots, outsourcing, etc.) and they save money
3) Close shop and nobody has a job

The workforce does not win in any of those scenarios. The company owner wins in 2 of them. Stronger companies will work out the details and make it work and actually come out ahead when all is said and done (the irony here is this will create even more of the wealth distribution issue we keep hearing people crying about,) while the workforce takes another big punch in the gut.

The robots are coming. Lower skilled workforce is better off not expediting that. Unfortunately for them, they are far too shortsighted to see the train they are running towards full blast.

01-16-2016, 10:11 AM
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,323	Many companies have 4 employees doing what 3 employees could do if managed and trained properly. You start out with $10 an hour, that is a cost of $40 an hour with 4 employees (not including everything else like unemployment tax, benefits, etc.) Now you raise the wage to $12 an hour which accounts to a cost of $48 an hour, that's a pretty decent bump. Company wises up and does one of three things: 1) Eliminate one job, the remaining 3 employees pick up the slack and they save money 2) Invest in alternate labor methods that are now more cost efficient (robots, outsourcing, etc.) and they save money 3) Close shop and nobody has a job The workforce does not win in any of those scenarios. The company owner wins in 2 of them. Stronger companies will work out the details and make it work and actually come out ahead when all is said and done (the irony here is this will create even more of the wealth distribution issue we keep hearing people crying about,) while the workforce takes another big punch in the gut. The robots are coming. Lower skilled workforce is better off not expediting that. Unfortunately for them, they are far too shortsighted to see the train they are running towards full blast. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.