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[–] brother_tempus ago 

What then do you suggest we do to negate the soaring levels of technical progress which continues to put more people out of work,

technology does not put people out of work. Technology creates more jobs then it temporarily displaces. Government policies, taxation, and regulations put people out of work

the shrinking of the middle class and their wages,

Government-created problem through their agents attheir central bank that devaule the currency making everyone more poor except those who are poltically connected to the government ( the 1% )

Please don't say get rid of the minimum wage

The goal of the minimum wage is to outlaw low paying jobs for the unskilled and inexperienced. The law, simply, says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs ( unemployment ) are the inevitable result.

Even the CBO agrees : http://www.chicagotribune.com/business/sns-rt-us-usa-wage-cbo-20140218,0,274811.story

Remember this is the first version. As history will show with the CBO,500k lost jobs will be a conservative estimate with the revisions going higher and higher

And as we have seen with every raise in the minimum wage .. jobs have disappeared

Even in Seattle we see this now : http://dailycaller.com/2015/10/24/report-seattle-wage-hike-off-to-pretty-bad-start-kills-700-jobs/

he rich are getting richer and the poor are getting poorer

the result of currency devaluation policies by government where the poor ( who have a few dollars ) loose the purchasing power of the dollars they had as the government floods more and more dollars ( whatever currency ) into the system

By allowing the rich to hoard wealth they do the rest of the people a disservice by stifling the flow of money.

It is their money to do with as they wish, it is not your money, no society' money and not government's money and any claim without the consent of the money's owner is theft and should be resisted at all costs.

The basic income

As it would be practiced in Finland would make people poorer as opposed to richer since the government will need to steal more from the people to fund and administrate the program than the money it would give back to the people. The easiest and more effective way to do this is to cut income taxes or consumption/sales taxes

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[–] xklevin1 ago 

Wow "technology does not put people out of work. Technology creates more jobs then it temporarily displaces. Government policies, taxation, and regulations put people out of work" Technology does not increase the number of jobs and with the rise of autonomous cars we will see the largest rate of job loss.

"The goal of the minimum wage is to outlaw low paying jobs for the unskilled and inexperienced. The law, simply, says: it is illegal, and therefore criminal, for anyone to hire anyone else below the level of X dollars an hour. This means, plainly and simply, that a large number of free and voluntary wage contracts are now outlawed and hence that there will be a large amount of unemployment. Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs ( unemployment ) are the inevitable result.

Even the CBO agrees : http://www.chicagotribune.com/business/sns-rt-us-usa-wage-cbo-20140218,0,274811.story

Remember this is the first version. As history will show with the CBO,500k lost jobs will be a conservative estimate with the revisions going higher and higher

And as we have seen with every raise in the minimum wage .. jobs have disappeared

Even in Seattle we see this now : http://dailycaller.com/2015/10/24/report-seattle-wage-hike-off-to-pretty-bad-start-kills-700-jobs/"

I know the claims about the minimum wage but they make no sense. Prices aren't going to drop if we allow people to work for pennies. If we suddenly kill the minimum wage low wages workers aren't suddenly going to be able to pay their healthcare bills and provide for their family etc etc. what will happen is we will look more like China and Tawain and other low wage third world countries. I truly think the problem lies within the basic corruption of our society. We are not who we think we are. For too long we have acted favorably toward one group of citizens, while marginalizing others. The results are as you would expect them to be. The only solution to raise our society out of this period is to become a better society but their are people who wish to remain in power that will fight us the entire way.

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[–] brother_tempus ago 

Technology does not increase the number of jobs and with the rise of autonomous cars we will see the largest rate of job loss.

God not this fallacy again. The notion that automation destroys jobs has been disproven a thousand times, it has risen a thousand times out of its own ashes as hardy and vigorous as ever. This time, the government is not the sole coercive agent. The Luddite rebellion in early 19th-century England is the prime example.

Labor unions have succeeded in restricting automation and other labor-saving improvements in many cases. The half-truth of the fallacy is evident here. Jobs are destroyed for particular groups and in the short term. Overall, the wealth created by using the labor-saving devices and practices generates far more jobs than are lost directly.

Arkwright invented his cotton-spinning machinery in 1760. The use of it was opposed on the ground that it threatened the livelihood of the workers, and the opposition had to be put down by force. 27 years later, there were over 40 times as many people working in the industry.

What happens when jobs are destroyed by a new machine? The employer will use his savings in one or more of three ways:

(1) to expand his operations by buying more machines; (2) to invest the extra profits in some other industry; or (3) spend the extra profits on his own consumption.

The direct effect of this spending will be to create as many jobs as were destroyed. The overall net effect to the economy is to create wealth and even more jobs. We must remember that the short-term local effect is to destroy jobs. In some cases where this effect is major, special relief measures might be taken, but blocking the progress leads to stagnation and poverty. In this case, all four points of the Lesson must be borne in mind.

Prices aren't going to drop if we allow people to work for pennies.

As we see in China, where workers are paid about $3 a day, China exports to everyone because the prices for the goods that cheap labor makes is cheaper than everywhere else.

Your opinion has been disproved