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General Electric Company Message Board

  • scarbrobill scarbrobill Feb 21, 2014 5:37 PM Flag

    MW and job losses

    I can't believe I am seeing and hearing more and more politicians, economists, analysts and others that are saying raising the MW WILL CAUSE A LOT OF JOB LOSSES. I think maybe these people are starting to remember their ECON 101 that says raise wages and it cause job losses. 1935 the US supreme court judges said minimum wage was not smart. 75 years later and politicians still do not understand what they said.
    You do not have to be a rocket scientist to understand this. I remember 1949, the coal industry thousands of miners lost their job because of wages and mechanization; GM the same thing, wages and 'robots' that welded and painted;. gas stations all now self service, why? minimum wage cost more than self service pumps; wage increases and mechanization in every industry has cost jobs.

 
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