A Quote by Bill Gates
Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.
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Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.
If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn't. If you raise the minimum wage, you're going to make people more expensive than a machine. And that means all this automation that's replacing jobs and people is only going to be accelerated.
Every single thing I`ve done, from the Affordable Care Act to pushing to raise the minimum wage, to making sure that young people are able to go to college and get good job training, to what we`re pushing now in terms of sick paid leave,everything I do has been focused on how do we make sure the middle class is getting a fair deal.
I don't know of a single economist who disagrees that when you raise the minimum wage, you kill jobs for the poor.
In my view, we need a massive federal jobs program which puts millions of our people back to work. We must end our disastrous trade policies. We need to raise the minimum wage to a living wage. And we have to fight for pay equity for women.
For me, I felt bad for people asking the questions, cause you know their boss sent them out saying, 'Get me something on Mission Impossible.' And you ask the question, and it's just a polite, 'I'm not going to tell you.' Then, every so often, they'd go, 'Well, can't you just tell us a little bit?' I have to say, 'You know what guys, I'm under contract and I'm not going to tell you anything.' So you keep asking the questions and I'm just going to keep smiling. And it's hard, cause I don't want to seem rude, but it's part of my job just like it's part of their job to keep a secret.
You can't take a coal miner making $95,000 a year, the only work in these parts where you can support a family without having to hold down three jobs at once... and tell them, 'You can make minimum wage,' or, 'We can give you job training for jobs that don't exist in West Virginia.'
I was on the committee that helped raise the minimum wage here in Seattle. I introduced a statewide bill to raise the minimum wage in Washington state my first year in the state senate, and I really believe that raising the federal minimum wage, while not the answer to everything, addresses a lot of the issues at the very bottom.
Obviously, we want people to be paid a wage that could help make ends meet, but when you increase artificially the cost of labor to do a job, then oftentimes, those jobs will just go away.
If you are unskilled and uneducated, your job is going south. Skilled workers, educated people are going to do fine ’cause those are the kinds of jobs Nafta is going to create. If we are going to start rewarding no skills and stupid people, I’m serious, let the unskilled jobs that take absolutely no knowledge whatsoever to do - let stupid and unskilled Mexicans do that work.
Remember that the minimum wage law provides no jobs; it only outlaws them; and outlawed jobs are the inevitable result.
But its jobs, jobs that pubs create and help sustain, thats massive. My pub alone, we get so many different bar staff, especially the young coming in, getting a start in life, learning to talk to people. And thats just inside the trade, theres outside... window cleaners, tradesmen.
This whole notion of job training centers with the government in charge of making sure you know what to do when certain jobs are lost and new jobs come along? That's not how people have meaningful lives.
If you wanted to pursue some kind of artistic pursuit and you had another career, then you would definitely fall back on it because it would take so long. I never believed I could do two things at once. The jobs I had were minimum wage jobs that you wouldn't want to pursue for too long, or that couldn't really take over your life.
When the press writes scare stories about the global labor supply draining jobs from rich to poor places, the story is usually presented as a "race to the bottom" simply in terms of wages. Capitalism supposedly looks for labor wherever labor is cheapest. This story is half wrong. A kind of cultural selection is also at work, so that jobs leave high-wage countries like the United States and Germany, but migrate to low-wage economies with skilled, sometimes overqualified workers.
One of the things I do know about investment from around the world and job creators: they won't come to British Columbia if our attitude is well, "no," or all of our processes are just going to be a way of making sure you can't get to "yes." They'll just go somewhere else. Those jobs will be somewhere else.
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