3 ms·

What's wrong with paying adults a livable wage?

• ghaff 4y ago
  Nothing wrong with it--whatever that term has come to mean exactly. But, as many SV companies have found out over the years as VC subsidies have dried up, there are a ton of services people want but only so much money most people will pay for them. Pick up and drop off laundry? Sign me up! For $50? Umm. Maybe I'll pass. Of course you see this effect where middle class people in developing countries have far more full-time help than all but the wealthiest do in the US and Western Europe. I suspect that in the coming years, we'll see far more self-service, automation, and some services that are pretty commonplace today becoming much more of a luxury.
• walkhour 4y ago
  If the value of their production exceeds the living wage, nothing. If it doesn't, there's nothing the company can do but pay less than the living wage or fire the employee.