3 ms·
Market value has to be considered though, can't blame a car mechanic for being pissed that regulations force a shelf stocker, a lower value/difficulty job, to b
by thereisnospork 3y ago
Market value has to be considered though, can't blame a car mechanic for being pissed that regulations force a shelf stocker, a lower value/difficulty job, to be paid the same (above fair market value).
- deleted 3y ago[deleted]
- ryandrake 3y agoCar mechanic should be pissed: at his employer, not at the government. His employer is the one choosing to pay him the same as a shelf stocker. In a functioning labor market with empowered workers, all wages would rise to reflect the skill/scarcity gap between minimum wage work and skilled work.
- MichaelZuo 3y agoIf all wages rise, than inflations rises along with it… to cancel out the wage rises in practice (unless productivity improves). As the last few years have shown.
- danaris 3y agoSo what you're saying is, under this theory, increases in productivity create real improvements in people's purchasing power? In that case, how do you explain the last 40+ years, where productivity has been skyrocketing, but most peoples purchasing power has remained mostly flat? Or is it your contention that there is nothing we can do that can increase the purchasing power of regular people under the current system? Because if that's the case, that would be a pretty massive indictment of the system as a whole.
- MichaelZuo 3y agoWhat are you talking about? Most people’s effective purchasing power have skyrocketed. e.g. A single solar panel 40 years ago would have been more than a years‘s income for the median American. (And much less efficient too) Even the crappiest healthcare plans nowadays offers options beyond what the absolute top of the line healthcare plans offered 40 years ago.
- danaris 3y agoApproximately no one who is having trouble affording bread and eggs cares that solar panels are vastly more affordable.
- MichaelZuo 3y agoSo your just going to ignore the healthcare example that every passing reader can clearly see? Really? And btw eggs are also roughly the same or even cheaper for the median American income compared to over 40 years ago.
- danaris 3y agoMy point is that you can cherry-pick specific examples all you like, but the data clearly shows that the purchasing power (real wages, whatever term you prefer) of average Americans has stayed (nearly) flat for the past 40+ years.
- MichaelZuo 3y agoWhat data? Why not just link it? Everything I’ve seen suggests otherwise, a big net positive even after factoring in everything.
- danaris 3y agoThen you must have only been looking at horrendously biased sources. This is incredibly common knowledge. It's very widely reported. Just Google "real wages vs productivity graphs".
- MichaelZuo 3y agoIt seems you’re confusing these concepts? Purchasing power is NOT equivalent to productivity.
- etothepii 3y agoWhat do you mean by "choosing".