3 ms·
ok, interesting statistics. i did not expect such a large number of teens. the average income part, the key is that it counts "families" or "households", i have
by bakhy 12y ago
ok, interesting statistics. i did not expect such a large number of teens. the average income part, the key is that it counts "families" or "households", i have seen it in another source where it stated that many of the poorest families actually earn 2-3 wages in order to reach that level, so i would not immediately jump to the conclusion that they are all that well off.
"It is true that SOME minimum-wage workers desperately need a job. But it is also true that SOME people desperately need a laptop computer!" -- again, these crazy comparisons... these situations are not equal. period. such reductionism is unproductive.
"Employers have to offer wages high enough that on the margin, those people who are indifferent between employers or willing to wait a little longer for "the right job offer" are inclined to accept the one being offered." -- this seems unrealistic. middle-class or up may afford that, but we're not talking about them here. and it's worth noting that the middle-class is growing smaller lately.
as for the race to the bottom, it is a demonstrated reality of history, one that we have experienced, but which is easy to forget now that the problem had been solved. it drove people to revolutions, simple fact. we have progressed far since then. this neo-libertarianism seems to be an initiative to take us back, and by many indicators, since the 80s, that plan is working out.