Increasing minimum’s will always end up hurting the poorest as when minimums go up so do the costs of everything.
Take a bike made in China vs a bike made in America. They will be about the same quality yet the American one WILL be 2x more because they are paying a lot more per worker.
Yes I know there are more nuances but in general how shot works. If you are no longer paying a CEO the wage of 10-50 workers that money can be now used to drive down the price of your products or pay your workers a proper wage
ok wait, your goal is income equality and you don’t believe too low of a minimum wage is a problem but only maximum wage should be a focus? I’m just trying to understand this ideology. You seem to disfavor the rich in your comments, so you don’t believe in wealth hording but you might believe their message of “pull yourself up by the bootstraps?” I can see it, just not understanding what you’re getting at completely.
I did hear a segment yesterday (I think npr) on the radio talking about the “Gold standard” which was used in the 18th century with a more stable system that I think you’d be interested in.
I can’t condone or support your suggestion because I believe inflation has more contributing factors than just minimum wage hikes and population increases (such things as greed, climate change cost impacts, etc). Your statement might be valid if prices were regulated and investigated for the causes of any type of increase.
I also believe companies and owners will NOT provide adequate compensation for the work/profit being performed. A stable regulation system where companies are only able to “fee” out the cost of running the company (and slight profit %) but the rest is given to the worker for his productivity might pan out. But, at the moment, companies can and will only give the lowest amount they can get away with. If you lower that amount they will happily comply (look at how delivery drivers got screwed over with hourly wages being diminished).
Yep gold standard was good till Nixon fucked it all. France didn’t want USD anymore and wanted to exchange it.
America ended up stealing from any country held USD when this happened and America profitied big time
Yes there are more factors but wages are directly tied. And when you have people at the top syphoning off the profits of 10-50 people that is where the real damage begins.
That person now is able to dodge taxes, move money to offshore accounts they go to different countries to buy yahats, properties, etc
Also, in Canada we have nationalized electricity production. We get lifers and after 30-40 years these people are doing less work and getting paid more and every year they get wage increases.
Also the more you make the less if an increase you need to survive off
That’s not my issue, bitching about a problem that is not the actual problem. Real issue is the top executives pay.
Why ya think Eron Musky and Bozos are against unions?
Oh I getbthe point, KD usednto be 25c a box now is $3
But that’s what you get for “convenience”
Yeah, we understand you, stop repeating yourself and try to understand us.
How much did the min wage increase over that time period?
If you get the point you’re just being a bad actor.
How much has CEO wages increased over that time period?
Maximum wage over higher minimum’s to address income inequality
Since 1978 CEO pay increased over 1000%, average workers 28%
Too low min wage is the problem… Right
You don’t see a tie between the two?
Also curious why you replied twice with the same statement?
Increasing minimum wages greatly increases inflation. Over paid CEO’s exponentially increases inflation.
Addressing actual issues will solve problems.
Increasing minimum’s will always end up hurting the poorest as when minimums go up so do the costs of everything.
Take a bike made in China vs a bike made in America. They will be about the same quality yet the American one WILL be 2x more because they are paying a lot more per worker.
Yes I know there are more nuances but in general how shot works. If you are no longer paying a CEO the wage of 10-50 workers that money can be now used to drive down the price of your products or pay your workers a proper wage
Another commenter here: the double reply thing was likely an app bugging on sending a reply.
How about a maximum wage, minimum wages don’t address the issue of income equality.
Y’all are just trying to climb the shit ladder hung in front of yall
ok wait, your goal is income equality and you don’t believe too low of a minimum wage is a problem but only maximum wage should be a focus? I’m just trying to understand this ideology. You seem to disfavor the rich in your comments, so you don’t believe in wealth hording but you might believe their message of “pull yourself up by the bootstraps?” I can see it, just not understanding what you’re getting at completely.
Too High of minimum wage with population increases exponentially increases inflation.
Targeting the root issue will fix the problem. Putting a bandaid on a bullet wound won’t do fuck all.
No it is not an instant solution, nothing is unfortunately
I did hear a segment yesterday (I think npr) on the radio talking about the “Gold standard” which was used in the 18th century with a more stable system that I think you’d be interested in.
I can’t condone or support your suggestion because I believe inflation has more contributing factors than just minimum wage hikes and population increases (such things as greed, climate change cost impacts, etc). Your statement might be valid if prices were regulated and investigated for the causes of any type of increase.
I also believe companies and owners will NOT provide adequate compensation for the work/profit being performed. A stable regulation system where companies are only able to “fee” out the cost of running the company (and slight profit %) but the rest is given to the worker for his productivity might pan out. But, at the moment, companies can and will only give the lowest amount they can get away with. If you lower that amount they will happily comply (look at how delivery drivers got screwed over with hourly wages being diminished).
Yep gold standard was good till Nixon fucked it all. France didn’t want USD anymore and wanted to exchange it.
America ended up stealing from any country held USD when this happened and America profitied big time
Yes there are more factors but wages are directly tied. And when you have people at the top syphoning off the profits of 10-50 people that is where the real damage begins.
That person now is able to dodge taxes, move money to offshore accounts they go to different countries to buy yahats, properties, etc
Also, in Canada we have nationalized electricity production. We get lifers and after 30-40 years these people are doing less work and getting paid more and every year they get wage increases.
Also the more you make the less if an increase you need to survive off
It’s ok. They stopped eating avocado toast. You can calm down now.
That’s not my issue, bitching about a problem that is not the actual problem. Real issue is the top executives pay.
Why ya think Eron Musky and Bozos are against unions?