4 ms·

Just think how prosperous we would be if the minimum wage was $100 an hour! ;-)

• krakensden 13y ago
  Just because things don't work asymptotically doesn't mean they don't work.
  • jedmeyers 13y ago
    But why would a $15/hour minimum wage work and $100/hour won't? Where between 15 and 100 do you draw the line and why?
    • rfnslyr 13y ago
      When the wage is higher than mine :P
    • rayiner 13y ago
      Why raise the thermostat setting from 40F to 65F? Why wouldn't 100F be better? Where between 65F and 100F do you draw the line and why?
      • cstejerean 13y ago
        I draw the line at about 74. When it starts to get into 75+ it gets uncomfortable for me personally. So instead of being dismissive I think it's actually worth thinking about the question. If $15 could work as a minimum wage, and $100 would clearly not work, where in that range does the transition happen. Or maybe $15 is already too high, but $12 could work. I certainly don't know the answer, but it's an interesting thing to ponder.
    • crdoconnor 13y ago
      Australia's on roughly $15/hour. They have LOWER unemployment. You draw the line when you start getting inflation at about 10-12%. That's when inflation starts to have an effect on economic growth. It could be raised gradually until that point.