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post #141 of 163
Quote:
Originally Posted by Lady Fitzgerald View Post

Minimum wage nowadays won't even pay for just rent, food and basic utilities for a single person. That's even if you don't factor in a car and just use public transportation. Once upon a time, in my lifetime, it could. Many people live where they can find work, which isn't always where they can live less expensively. Others prefer to live close to families. Starting in the '60s, minimum wage has lagged far behind inflation (which started increasing dramatically when the SSA—Squabbling States of America—severed the final links of the dollar to the gold standard in the early '70s).

When Social Security first came out, a person could live comfortably on it and it increased with the rate of inflation. Now? I'm going to get a $30/mo raise on my benefit next year, the first raise in at least two years. The space rent for my mobile home has gone up an average of $35/year for the past several years. Fortunately, I also have a small pension or I could never live on it.

IMO minimum wage shouldn't even exist. If you are unwilling to work for what wage is being offered, you don't take the job. Its just ridiculous to me that people actually expect to make $15 per hour for doing a job that essentially any person with hands can do. Where's the value? If I wanted to start my own restaurant, do you think I'd want to have to pay the dishwasher $15 per hour? I'd never make it.

Ironically, its the push for such a ridiculous minimum wage that is going to end up costing most of these entry-level employees what jobs they do manage to have as companies like McDonalds will simply move over to automation and replace them. I don't think they will be any more able to afford to support themselves and their families once they can't get ANY jobs....
Edited by Majin SSJ Eric - 10/20/17 at 10:02pm
post #142 of 163
Jobs will be automated regardless of the minimum wage.
    
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post #143 of 163
Quote:
Originally Posted by CriticalOne View Post

Jobs will be automated regardless!

FTFY.

Over the next 5 years it will displace a decently large number of workers. In 10 years it will be seismic, and in 20 years it will reshape humanity the globe over.

Edit: 20 years feels way too generous.
    
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post #144 of 163
Automation is the new boogeyman but ignores that technological process has been occurring for thousands of years. Labor reallocates itself, and if you are under the impression that automation will destroy "jobs" as a concept, than your are just being a Luddite. Automation will create new wealth and new jobs, but the transition will be rocky just as any major technological leap forward is rocky. North American farmers have put Mexican farmers out of business due to access to much better technology. While the farmers may be out of luck, their children will find different jobs in different industries.
Quote:
Originally Posted by Majin SSJ Eric View Post

IMO minimum wage shouldn't even exist. If you are unwilling to work for what wage is being offered, you don't take the job. Its just ridiculous to me that people actually expect to make $15 per hour for doing a job that essentially any person with hands can do. Where's the value? If I wanted to start my own restaurant, do you think I'd want to have to pay the dishwasher $15 per hour? I'd never make it.

Ironically, its the push for such a ridiculous minimum wage that is going to end up costing most of these entry-level employees what jobs they do manage to have as companies like McDonalds will simply move over to automation and replace them. I don't think they will be any more able to afford to support themselves and their families once they can't get ANY jobs....

The effects of minimum wage on employment have either been,

A. Minimal.
B. Difficult to determine.

For the record, minimum wage is a recent invention and unemployment is as old as labor itself.
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post #145 of 163
Agreed. A living wage should be the minimum wage for any job. Someone has to wash the dishes, someone has to dig the ditches. Someone has to clean up after everyone else. Someone has to cook the food. All these jobs are vital for society to function. They are just as valuable to society as the bankers (some would argue more-so) are and demeaning them as worthless is ignorant.

These jobs have to be filled and the people doing them should earn enough to live off of.
post #146 of 163
well if there was actually an excess of business establishments then the populace would just boycott them for underpaying, e.g. "who'd want to work for that much?".

but we've got too many people wanting jobs and too few business recruiting employees.
meaning the employers has every means to be stingy and choose amongst the employees to recruit, e.g. "who'd want to pay that much?".
post #147 of 163
Thread Starter 
Quote:
Originally Posted by HanSomPa View Post

Quote:
Originally Posted by Lady Fitzgerald View Post

This was discussed in another thread. The batteries will get swapped out with freshly charged ones. Musk has already demonstrated that the swap can be done in as little as 5 minutes.

It's not viable at the moment. But, as battery production scales up, and as we standardize more EV parts, I imagine the costs will come down dramatically. As it stands right now, Tesla battery replacement schedule isn't too bad. I imagine costs will go down in the future though.

That's what the gigafactories are for.
Quote:
Originally Posted by JonnyMark View Post

Quote:
Originally Posted by HanSomPa View Post

It's not a scam. SpaceX is probably the most advanced rocket manufacturer after Russians.

You should research a little. I will let someone educated explain it,

Neil deGrasse Tyson on ScamX.

https://www.youtube.com/watch?v=h2PWGegjoKw

Huh? You know that 10 years ago, space x never existed and now we are getting rockets off the ground and reusing them instead of throwing them away like nasa does? What Neil does not get is that he does not think long term. That is also the first video where I disagree with neil de grass because he is wrong about space travel. It's also apparent that both google and amazon are getting into the space race themselves. Tesla isn't doing it for money but doing it for humanity


Anyway, update

https://twitter.com/elonmusk/status/929823757635481600
Quote:
Tesla Semi Truck unveil to be webcast live on Thursday at 8pm!
post #148 of 163
Quote:
Originally Posted by CynicalUnicorn View Post

[citation needed]

Solar and wind are a lot cheaper than fossil fuels, and solar in particular is getting better at a ridiculous rate. Remember that, odds are, your government subsidizes the price of fossil fuels. That's taxpayer dollars they're spending, paid by you, which means the price per kWh of carbon-based power is a bit higher than your bill says.

Solar and wind are not cheaper than traditional plants currently.


Most plants that resell "renewable" power end up losing money, the power grid is not as simple as you think it is.

Plants buy and sell other plants power, and when there is renewable energy on the market they are forced to purchase that power until it has is off the market.

Renewable energy is generally 15-20 times the cost of natural gas of other fossil fuel plants.
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post #149 of 163
Quote:
Originally Posted by Max78 View Post

Solar and wind are not cheaper than traditional plants currently.


Most plants that resell "renewable" power end up losing money, the power grid is not as simple as you think it is.

Plants buy and sell other plants power, and when there is renewable energy on the market they are forced to purchase that power until it has is off the market.

Renewable energy is generally 15-20 times the cost of natural gas of other fossil fuel plants.

You need to familiarize yourself with current energy generation costs. You can get started here.
post #150 of 163
Quote:
Originally Posted by Particle View Post

You need to familiarize yourself with current energy generation costs. You can get started here.



And?

Not to mention all these asterisks.

For Solar, remark d)

d)Illustratie "PV Plus Storaeg" unit... Illustrative system located in U.S. Southwest.

So this is in a best case scenario and the bar doesn't show the cost of a battery system for complete energy independence. Factoring the cost of energy storage, the projected cost is actually at 92$, and there's no range there either. So I'm assuming that's the midpoint of cost.

For wind, remark f)

f) Represents estimated implied midpoint of levelized cost of energy for offshore wind, assuming a capital cost range of 2.75$-4.50$

I don't work in the industry so I have no idea how good these cost estimates are, but Lazard is an investment bank so I have no idea of what their bias might be. However, this clearly shows that the true midpoint cost of wind is 118$. Gas tops out at 101$.

Pardon me, but this simply illustrates the point that's been repeated over and over. Fossil Fuels are the best source of energy and hence provide the biggest chunk of it. Who knew?
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