Morning Joe co-host Mika Brzezinski got a surprise when she asked Bill Gates about minimum wage. Brzezinski found out that not every billionaire business man agrees on minimum wage standards.As Michele Kirk in her article “Watch Bill Gates school MSNBC’s Mika on minimum wage; she didn’t like his non-liberal answer – BizPac Review” put it this way “Not everyone’s drinking the Kool-Aid on the $15 hamburger. And Bill Gates can obviously do the math on this issue. Brzezinski did her best to load the question in favor of a typical liberal response:
“What do you think about the minimum wage? Should it be raised? And should we want to see models more like Costco – where companies pay their employees a lot more than the minimum wage?”Microsoft’s co-founder wasn’t biting on that apple.
“Well, jobs are a great thing. You have to be a bit careful that if you raise the minimum wage, you’re encouraging labor substitution. You’re going to go buying 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. But, if you really start pushing it, then you’re just making a huge trade-off.”After shutting down Brzezinski’s feeble attempt at arguing with him, Gates mercifully wiped the confused look off her face by saying, “these are complex issues. It’s not as simple as saying ‘OK just raise the wage’ and all of a sudden . . .” Nice try, Mika. I hope you were paying attention. Watch out for those “complex issues.”
Clip from ( Joe Walsh) You Tube
Speaking of hamburgers, here is an interesting labor substitution idea.
Meet The Robot That’s A Minimum Wage KillerRobot Makes 360 Gourmet Burgers In An Hour SAN FRANCISCO, CA – Small business owners in Southern California have struggled against high taxes and a rising minimum wage for years. But a new robotics startup in San Francisco called Momentum Machines wants to sooth the burdens created by oppressive government by designing a machine that will solve these problems. via Meet The Robot That’s A Minimum Wage Killer | The Libertarian Republic.
(top photo via DonkeyHotey )