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Minimum wages are inconsistent with the idea that people should be paid strictly according to their productivity. If society becomes more productive overall, as
by sjy 6y ago
Minimum wages are inconsistent with the idea that people should be paid strictly according to their productivity. If society becomes more productive overall, as a matter of fairness I think that “should” result in the minimum wage being increased. The lowest-paid workers “should” enjoy better living conditions today than they did in the 1980s. Productivity gains across the entire economy are easier to quantify than “living conditions,” so I think the article makes a good case that the minimum wage “should” be significantly higher than it is now.