fukhueson@lemmy.world to News@lemmy.world · 3 months agoStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgexternal-linkmessage-square178fedilinkarrow-up1949arrow-down116
arrow-up1933arrow-down1external-linkStudy: Increasing minimum wage does not reduce jobswww.publicnewsservice.orgfukhueson@lemmy.world to News@lemmy.world · 3 months agomessage-square178fedilink
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up2arrow-down20·3 months agoNo, but it makes business owners more likely to outsource or replace with AI.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up14·3 months agoGuess we need to get rid of business owners then.
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up2arrow-down11·3 months agoSo if you owned a business, you’d like to be removed from that position?
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up9arrow-down1·3 months agoI do own a business. I’m the sole and only employee, as it should be unless I want to establish a partnership.
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up2arrow-down11·3 months agoSo you’re self employed. This study doesn’t apply to you.
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up5·3 months agoIt’s going to blow your mind once you find out about cooperatives.
minus-squareAvid Amoeba@lemmy.calinkfedilinkarrow-up1·3 months agoOr that businesses that employ people in the classic employer-employee way are effectively price-fixing the labor market. The larger they are, the stronger the effect.
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up1arrow-down5·3 months agoIt’s going to blow your mind to find out how often new businesses fail.
minus-squareShepherdPie@midwest.sociallinkfedilinkarrow-up3·edit-23 months agoAre you just spouting our random things thinking it makes your earlier point more valid?
minus-squarejoshhsoj1902@lemmy.calinkfedilinkarrow-up2·3 months agoI looked it up and it seems like the survival rate of new businesses is about 78% in the US. https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm The first year seems to be the hardest and each year after that survival rates get better and better. This data suggests that after 10 years nearly 35% of business are still in business. https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm
minus-squareDragonTypeWyvern@midwest.sociallinkfedilinkarrow-up2·edit-23 months ago??? What, exactly, do you think your point is?
minus-squaredeltreed@lemmy.worldlinkfedilinkarrow-up1arrow-down1·3 months agoBusiness owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.
minus-squareShepherdPie@midwest.sociallinkfedilinkarrow-up4·3 months ago“More likely” If these people could be replaced with AI already, they would be. It doesn’t matter how much or little they make.
minus-squareWooster@startrek.websitelinkfedilinkEnglisharrow-up4·3 months agoNo. They’re aiming for that regardless.
No, but it makes business owners more likely to outsource or replace with AI.
Guess we need to get rid of business owners then.
So if you owned a business, you’d like to be removed from that position?
I do own a business. I’m the sole and only employee, as it should be unless I want to establish a partnership.
So you’re self employed. This study doesn’t apply to you.
It’s going to blow your mind once you find out about cooperatives.
Or that businesses that employ people in the classic employer-employee way are effectively price-fixing the labor market. The larger they are, the stronger the effect.
It’s going to blow your mind to find out how often new businesses fail.
Are you just spouting our random things thinking it makes your earlier point more valid?
How many new business fail?
I looked it up and it seems like the survival rate of new businesses is about 78% in the US.
https://www.bls.gov/opub/ted/2024/1-year-survival-rates-for-new-business-establishments-by-year-and-location.htm
The first year seems to be the hardest and each year after that survival rates get better and better.
This data suggests that after 10 years nearly 35% of business are still in business.
https://www.bls.gov/opub/ted/2024/34-7-percent-of-business-establishments-born-in-2013-were-still-operating-in-2023.htm
???
What, exactly, do you think your point is?
Business owners take the risk. Not everyone can start a business and take on that risk. Most aren’t even profitable for years after. That’s my point.
“More likely”
If these people could be replaced with AI already, they would be. It doesn’t matter how much or little they make.
No. They’re aiming for that regardless.