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To: Brilliant
When I was a child I visited the Ford Motor Dearborn Plant - which was then producing 1966 Mustangs. It was a very busy scene, somewhat like an ant farm of activity, hundreds of laborers were within my field of view. The number of hours of labor in a car were probably in the mid teens at that time. Today the number of hours of labor in an assembled auto are probably 2-3. Lots of automation, very few humans visible an an assembly facility today.

Raise the minimum wage to $15 and you probably raise the cost of the lowest skilled entry level employee to about $22 an hour.

Expect to see the classic substitution of capital for labor.

21 posted on 02/21/2021 10:24:33 AM PST by Wally_Kalbacken
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To: Wally_Kalbacken

I grew up in Dearborn and visited that plant a lot.


60 posted on 02/21/2021 11:13:15 AM PST by Brilliant
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