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That's exactly why. Because minimum wage puts a floor on the 'bottom' that's being raced to. Otherwise, people would be earning considerably less than the curre
by viewer5 11y ago
That's exactly why. Because minimum wage puts a floor on the 'bottom' that's being raced to. Otherwise, people would be earning considerably less than the current minimum wage, because the 'bottom' would be even lower.
- icebraining 11y agoThe question was sarcastic (poor form, I know). More than 90% of workers earn above minimum wage, despite this supposedly inevitable race to the bottom.
- agsamek 11y agoCheck out how many earn more than 150% of the minimum wage. Otherwise it's still minimum wage driven.
- icebraining 11y agoOr maybe the minimum wage is driven by real wages. Or maybe they're both by a common factor - like inflation.
- Drdrdrq 11y agoHmmm... I would say 100% of workers should earn above minimum wage, that's the whole point of the law. Right?
- icebraining 11y agoWell, the point of the law is to have all workers earning at least minimum wage, not necessarily above.