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Teenagers don't need to support a family. Without much in the way of valuable skills, they may still want a job for spending money and experience. Your propos
by Dove 14y ago
Teenagers don't need to support a family. Without much in the way of valuable skills, they may still want a job for spending money and experience. Your proposed minimum wage would make this illegal.
College students don't need to support a family. They may want to take a low-paying internship to build experience in their chosen field. Your proposed minimum wage could make this illegal.
Mothers of school-age children who are supported by their husbands don't need to support a family. They may wish to do part-time, low-skilled work to build expertise in preparation for a future career after their children leave. Your proposed minimum wage would make this illegal.
Retirees with pensions don't need to support a family. They may wish to do work, possibly even very low-skilled work, as a way to combine a hobby with a sense of being useful. Or possibly as a launching-pad for more of a "fun" career than the "serious" career they've already finished. Your proposed minimum wage could make this illegal.
Low-skilled immigrants do sometimes need to support a family. When one member can't do it alone, sometimes mom, dad, and the oldest kid hold down four full-time jobs between them to make it work. The arrangement isn't permanent; it lasts until they can do better. But in the mean time, they can support themselves. Your proposed minimum wage law could make it impossible for them to support themselves this way, and force them to rely on charity. This in turn could make it impossible for them to immigrate at all.
Some people have very low expenses. A paid-off house, a renter, a garden in the backyard, and a low-paying job can be enough to make ends meet. Setting the minimum wage at a level such that someone with a mortgage and unproductive hobbies can raise a family would force this person, who could otherwise support themselves, to rely on charity.
I could go on. My point is that the world is a complicated place. Not every worker is a single-head-of-household-with-three-children sort of worker. Not every job is a permanent career. They can be educational, transitional, temporary. They can be held by all sorts of people for all sorts of reasons.
Provide assistance to the poor if you like, but don't make work illegal. Don't ever do that. There's a huge potential to hurt a lot of people, just because they're living lifestyles you aren't familiar with.
- lifeisstillgood 14y agoThe "wages good enough to send your kids to college" proposal is really a thought experiment - let's imagine we are going to see an doubling of productivity in the economy as Software Eats The World. But no increase in the number of jobs. There will be a dramatic decline in employment as all those journalists and factory operators and researchers get laid off. So what do we do? Corporations are going gang busters, the share of a vastly increased wealth is not going to the majority of the people. So let's whack up the minimum wage - make it 60k. (remember we just doubled GDP). All other wages have to rise as well to maintain parity. And so the share of GDP to wages gets rebalanced - but there are less jobs? That's ok we have gone back to the sngle worker family, and the world has nice picket fences again. This is a poor solution to a good scenario - obviously the 50s solution is socially sub optimal, obviously the above scenario carries massive inflation risk. But the essence is the same - the jobs are gone. How do we fix it? Minimum wage is one lever that if pulled hard in one direction will lift the veil on the oncoming storm. We need all the warning we can get
- Dove 14y agolet's imagine we are going to see an doubling of productivity in the economy as Software Eats The World. But no increase in the number of jobs. I'm not comfortable with that assumption. All that software isn't going to write itself... But leave that aside. What do people whose jobs have been made obsolete by technology do? What they've always done -- something else! And a high minimum wage won't help them. People learning new skills need to be able to make low wages. That's how they get enough experience to get good enough at something new to eventually be able to make high wages.
- pixl97 14y agoMaking an assumption that there will always be 'something else' that they can to to earn a living is just an assumption too. Attempting to find an optimal social solution before the unemployed riot and burn the factories is a good idea.