4 ms·

Is it acceptable to drive the market rate to below a living wage?

• dcow 4y ago
  If it isn’t then raise minimum wage and make immigrants pay taxes. I do believe if you work an honest full time job you should be able to live outside of poverty. Does that include a 5k/mo apartment and Starbucks every day?
  • alxlaz 4y ago
    Strikes are, historically, one of the means through which governments pretty much everywhere (including the US) was pressured to introduce, and then adjust, minimum wage. (inb4 smug citation needed see, for example, the Lawrence textile strike, and the ensuing consequence in S. Doc. No. 870, 62nd Cong., 2nd Sess., at 9 (1912), reprinted in Serial Set Vol. No. 6170, or really just search for "strike" and "minimum wage" in your favourite library of actual history books) The invisible hand of the market is, sadly, unable to write bills or increase pay, and since management can't see it -- unsurprising, given that it's invisible, it's right in the name -- they sometimes need to have it spelled it out for them.
    • dcow 4y ago
      I'm not anti strikes or labor unions or whatnot. In fact I'd love to see the minimum wage for individuals with dependents be raised to something most people would think is uncomfortably high and let society deal with the fallout.