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You have been downvoted, but I also wonder a bit what the real story (or debate) is here. Some jobs will pay the lowest wage... that it is these jobs? I actual

You have been downvoted, but I also wonder a bit what the real story (or debate) is here. Some jobs will pay the lowest wage... that it is these jobs? I actually would rate and expect these jobs pay lower than the typical lowest pay jobs which require physical labor like the typical low pay jobs in fast food, or building cleaning? Or the specific amount given current circumstances? True.. on the other hand still well above the minimum wage by law in most European countries.. maybe not comparable well, but still not much out of range. That rich companies pay low wages? Yeah, absurd and unfair, but that unfortunately never hold a rich company back where it could just pay that (I'd like different regulation here). So the problem is really independent of these specific jobs or companies? And the answer to this is better regulation and worker protection laws, that many frown upon?

lovich 4y ago
When companies are paying so low that the workers can’t support themselves(which US minimum wage does not pay enough for) then the companies are not working for societies benefit. They are getting subsidized by whatever welfare their employees are getting, such as the famous example of Walmart teaching their employees to sign up for food stamps. They are also refusing to engage in the type of innovation that capitalism is supposed to generate in the face of scarce goods, because they aren’t paying for this externality. Much in the same way that you can’t pay an industry supplying you with critical parts forever because then the parts will eventually stop being built, companies shouldn’t be allowed to pay for less than the necessary amount to support the workers living. If this makes the job they are doing not valuable enough then the companies shouldn’t be engaged in the work that can’t be profitable without subsidies, ask the government for specific earmarked subsidizes if it generates a positive externality, or actually do some innovation and figure out a way to make the work profitable
- throwbadubadu 4y ago
  > companies are not working for societies benefit That was my point, or "really?" Again, I'd like it to be more that way, but given current laws and what most people agree to: Do they even have to? No!
  - lovich 4y ago
    I mean, you asked about what the debate was. That's the debate. The fact that companies can de facto get away with this behavior doesn't make the debate go away.

lovich 4y ago

When companies are paying so low that the workers can’t support themselves(which US minimum wage does not pay enough for) then the companies are not working for societies benefit. They are getting subsidized by whatever welfare their employees are getting, such as the famous example of Walmart teaching their employees to sign up for food stamps. They are also refusing to engage in the type of innovation that capitalism is supposed to generate in the face of scarce goods, because they aren’t paying for this externality. Much in the same way that you can’t pay an industry supplying you with critical parts forever because then the parts will eventually stop being built, companies shouldn’t be allowed to pay for less than the necessary amount to support the workers living. If this makes the job they are doing not valuable enough then the companies shouldn’t be engaged in the work that can’t be profitable without subsidies, ask the government for specific earmarked subsidizes if it generates a positive externality, or actually do some innovation and figure out a way to make the work profitable

throwbadubadu 4y ago
> companies are not working for societies benefit That was my point, or "really?" Again, I'd like it to be more that way, but given current laws and what most people agree to: Do they even have to? No!
- lovich 4y ago
  I mean, you asked about what the debate was. That's the debate. The fact that companies can de facto get away with this behavior doesn't make the debate go away.