2 ms·
It's not a construct because it's not a real number. There's no objective definition or accepted test. It's made up by whoever is talking about it. > "if you c
by manigandham 7y ago
It's not a construct because it's not a real number. There's no objective definition or accepted test. It's made up by whoever is talking about it.
> "if you cannot afford to pay a wage that enables your employees to comfortably live, you likely should not exist, find another business"
What's "comfortable"? Is this the magic and subjective livable wage again? Who are you to tell everyone else what they should be comfortable with?
Regulation isn't that simple. Not everyone agrees that the government controlling pay is "protecting the people" and many would rather have the freedom to make their own choices. It's purely academic thinking that simply raising wages fixes everything. It often does little but raise costs while also removing opportunities. How many goods are purchased when income goes to zero? How many social programs will they need then?
It's easy to say that businesses should close because of your moral attitude about a subjective number, but do you realize it affects the very people you claim to be protecting? Have you ever worked a min wage job or talked to people who do? Affordability and cost of living have nothing to do with wages and are rarely ever fixed with a min wage.
- ubercow13 7y agoPoverty is also defined based on a subjective number, but I don't think that makes it a useless concept
- manigandham 7y agoIt isn't. The poverty line is calculated per area and used in many other govt, like personal taxes and social benefits.