okay, $70 an hour it is ill pay off my house ASAP!!



btw, ... EPIC! bravo, well done sir

This post was edited by Duckling on Mar 5 2021 05:03pm

pretty sure that if you put minimum wage 15 + welfare (edu+housing+health) you get an easy 24, so this is just freedom

it doesnt matter what the number is the prices of stuff adjusts accordingly. min wage workers will always be poor doesn't matter if its $10 or $10,000 an hour.

The growth in overall productivity in the United States was largely driven by outsized gains in a few industries like Silicon Valley and Wall Street, it was extremely top-heavy. I'm not against having the minimum wage tracking the productivity gains in the abstract, but we must look at the relevant type of productivity. An explosion of productivity in Big Tech industries does not mean that the value of the work of waitresses or pool cleaners has gone up. The minimum wage relates to the lower echelons of the job market, and if it is to track productivity gains, it must track the productivity gains in the fields which provide minimum wage jobs.

On top of that, a sensible minimum wage approach must of course index for local cost of living. A $15 minimum wage for lowly jobs is a pipe dream and job killer in rural South Dakota while it would still remain a starvation wage in, e.g., the Bay Area.

The bigger picture issue is that productivity and wage gains at the top of the ladder will always have spillover effects on the cost of living for lower wage workers. Therefore, as long as the productivty gap between high tech industries and menial services keeps growing, so will the wealth and income inequality, even if regulations ensure that minimum wage workers get their "fair share", in the sense of a wage which reflects the true productivity of their work.

The per capita figures are in USD$, but the minimum wage figures are in AUD$.

Minimum wage is garbage, ubi is the only thing that makes sense.

So 23.5 * 0.77 USD/AUD = 18.09

I mean, I don't support a $24 minimum wage. I was just nit picking.

just make minimum wage $10k/day and everyone will be making ceo money

yeah sure, a champaign socialist like AOC with no real world experience other than bringing people drinks would know about this

gotta pay your employees 24$ an hour even if you dont make those 24 bucks

my god, this is so stupid

This post was edited by JohnnyMcCoy on Mar 5 2021 08:38pm

"Why can't we all be millionaires?" - every stoned, 15-year old wannabe-socialist ever.