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Yes it is. Why should the minimum wage not provide a sufficiently secure life for the worker? I say this all the time: if you can't afford to pay your workers
by what_is_orcas 5y ago
Yes it is.
Why should the minimum wage not provide a sufficiently secure life for the worker?
I say this all the time: if you can't afford to pay your workers a living wage you can't afford to be in business.
- 988747 5y agoBecause minimum wage job is supposed to be temporary. You do it right after high school, for couple years, before you decide on what you want your "real" job to be. Or you do it part time to pay your expenses while attending college. No minimum wage work should be something you do your whole life.
- handrous 5y agoI wonder: what's the average age of a worker whose wages would increase if the federal minimum wage increased to $15/hr? There's "supposed" and then there's what's actually happening. I suspect most people in those jobs are not the people you're saying should be doing them.
- NoGravitas 5y agoThe average minimum wage worker is 35. 80% of minimum wage workers are over 20. 56% are women, 28% have children. On average, minimum wage workers earn half of their family's income. Source: Economic Policy Institute https://www.epi.org/publication/wage-workers-older-88-percent-workers-benefit/ https://www.epi.org/publication/wage-workers-older-88-percen...
- Sohcahtoa82 5y ago> Because minimum wage job is supposed to be temporary. Historically, this is flat-out wrong. It's a lie. It's just a new talking point invented by corporations to convince the population to vote against minimum wage increases.
- cherrycherry98 5y agoThis is nothing but a platitude that attempts to shame businesses for not meeting some idealistic vision of how the world ought to be. There's no hard rules about what wages should or should not be, as with any other market price. A business will pay however much they need to attract and keep the labor they need. If no one wants to work for them they need to increase the wages they offer, which may in turn result in higher prices for customers which is also an undesirable outcome. If what they provide is of enough value that customers will continue to pay for it then the higher costs can be absorbed, if they don't, they will fail. If they can't attract workers they will likely also fail. Delivering value at prices people are willing to pay while still covering costs is ultimately what keeps a business in business. I sometimes wonder if minimum wages are a net benefit at all as it creates several distortions. Some laborers aren't worth paying a minimum wage, they wind up earning nothing from not having work instead of what their true worth is and being able to build up skills. I think it could also remove some negotiating power from laborers. Businesses can peg their wages at the minimum and balk at those asking for raises, they pay the legally mandated price for that tier of work after all. Try to find a new job and you would also find other businesses doing the same, not paying an iota more than legally necessary instead of a more fluid labor market with people switching jobs for marginal gains, driving wages up. What may more naturally be a range of prices, both higher and lower, gets compressed to the minimum, unless that minimum is so low as to not have any effect on wages at all because no one would willingly work at that price.
- what_is_orcas 5y ago> some idealistic vision of how the world ought to be Yeah, I think it's a tragedy that we have constructed a society where everyone doesn't have basic needs met. I think it's a bigger tragedy that the alternative to the current system is considered idealistic. You don't have to agree with me, but if nobody talks about the ways that things could be, not the way that they are, then things will never change. I'm not sure I follow your last paragraph. Are you suggesting that minimum wages are bad because it sets a minimum for employers to pay as though without a minimum wage they would pay a rate more in line with value? If folks earning a minimum wage today, in a world with a minimum wage, can't afford basic living expenses, would you expect more people to afford basic living expenses without a minimum wage? If so, can you justify that? If not, what are you optimizing for?