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Originally Posted by legion
I think we need to get away from "everyone goes to college". It is far to expensive to be used as a litmus test for intelligence and work ethic, as it was in the past. Instead, we need to get some of the B and C students back into the trades. I'm not sure how to make this happen.
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I'll tell you what might do the trick. Right now, in Western Washington, Equipment Operators get $60, Electricians get $72, Sheet Metal Workers get $78, Plumbers get $82, etc. For a straight time hour. We need them. Great benefits. Those jobs can't be outsourced and it will be quite some time before robots can do the work.
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Originally Posted by red-beard
Wages for workers is about added value. ....If McDonalds is FORCED to pay $15/hr, it will eliminate all positions that do not add $15 in value. I did not work at McDonalds, but I read about them in "The Electronic Sweatshop". McDonalds has always been at the forefront of Industrial Engineering. Time motion studies, general efficiency, waste elimination. Everything to eek out a little more profit.
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Yes, it is about math. Not just industrial engineering, but also economics. When a local minimum wage was raised to $15 per hour, the fast food industry said the sky would fall. Further, they said Earth's orbit would decay and we would burn up in the Sun. So far, that has not happened and the price of a burger seems the same too.