3 ms·
Naw. Minimum wage is not a living wage for the vast majority of the population. Hasn't even pretended to pace inflation.
by hiddencost 4y ago
Naw. Minimum wage is not a living wage for the vast majority of the population. Hasn't even pretended to pace inflation.
- JumpCrisscross 4y ago> Minimum wage is not a living wage for the vast majority of the population Minimum should be just that: minimum. For higher COL cities, the minimum (and tipped minimum, with an obligation to make the minimum if tips prove insufficient) should be higher. Raising the minimum nationwide to New York City’s COL basically depopulates lower COL places; this is a source of generally misrepresented rural backlash against these broad-based schemes. Imagine if Germany and Greece had the same minimum wage; the latter would get screwed. (Not arguing that the federal minimum shouldn’t be raised. Just that it should be too low for most of the country, because if it isn’t, it’s too high for some, and that’s a policy failure for a minimum. I haven’t seen a scheme for a dynamic federal minimum; that would make sense.)
- hirvi74 4y ago[flagged]