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Sure. But note also that there are people one might be willing to gamble on employing at $12/hour but that don't offer a positive return at capital at $15/hour
by mlyle 5y ago
Sure.
But note also that there are people one might be willing to gamble on employing at $12/hour but that don't offer a positive return at capital at $15/hour.
I think minimum wage laws are important, but that reducing the supply of labor will do more to push up the wages of the lowest earners.
- medvezhenok 5y agoThen pass UBI instead and drop the minimum wage laws (there's no need for them if UBI were a thing). Problem solved. Right now the problem is in the power dynamic between companies and employees - the dynamic is very unbalanced in the companies favor. In "Bullshit Jobs" Graeber compares the current system to a Dom-Sub relationship with no safeword for the "fake-competitive" industries that are not unionized. UBI is the safeword.