A person would then conceivably realize that this is what nearly two million people in the United States do every day…at much harder jobs than turning a crank. not sure that's accurate.
If they were smart, they would just kick the machine over and collect all the money in 20 seconds. See, that's why the people that turn the crank don't deserve anything more than 7 coconuts an hour.
I think there needs to be a real discussion about the floor of our wages are, but someone is going to have to explain to me why some jobs get paid at all.
I like the crank machine that you put 51 cents in, crank the handle, and your penny pops out flattened and stamped with the place you're at.
His conclusion at the end is faulty. What one would realize is that you look for another machine that pays out $12 an hour to turn the crank. That the 7.50 an hour machine is just a training machine getting you ready for the better machines. Then, after a few years, if you don't give up and just stay at the 7.50 machine, you might one day be at a 22.50 an hour machine. It has many more cranks on it, and is more complicated, but also more rewarding.
The minimum wage will always be zero. If the wage is higher than the production of the job, than the job will go away or will be pushed to the black market.
Wage- a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker. He shouldn't use the word wage then, or should say it is .01 dollars.
No, that's the real floor of not having a job due to you trying to set some arbitrary floor instead of freely letting grown adults enter into contracts on their own. You're going to price low and no skilled workers even more out of the labor market.
Once every 4.97 seconds? Seems slow. Could easily cut that it half and double pay. Wait, does union or government rules only allow the machine to be cranked every 4.97 seconds?
The point is to pretend that flipping burgers is worth $15 an hour by showing how grueling minimum wage jobs are.