McDonald's is already testing ordering machines. I'm sure most of us have been to a grocery store with self checkouts.
The minimum wage doesn't necessarily cause unemployment, but it does increase unemployment amongst those with the least skills.
McDonald's is already testing ordering machines. I'm sure most of us have been to a grocery store with self checkouts.
The minimum wage doesn't necessarily cause unemployment, but it does increase unemployment amongst those with the least skills.
Automation is going to become a very real problem. Increasing the minimum wage is a good idea, but eventually we're going to have to address the problem of mass unemployment when there little to no lower-tier jobs available.
We're talking about basic income (negative tax) for the unemployed, and subsidizing education to get more people into white-collar positions.
By creating a flat tax, and flat payout, you can eliminate huge swaths of welfare and entitlements in favor of a consistent system with much less bureaucracy. In order for this to work, you have to eliminate corporate taxes in favor of ensuring that companies pay out to owners/shareholders who in turn pay taxes on that income. With a flat payout, you can also reduce retirement programs as they stand.