Tying the minimum wage to inflation is a good strategy. Combined with a method to keep the executive class from exponentially lapping the labourers, you’d have the makings of a nice first world nation.
The road to getting there isn’t enjoyable though. Just go with the flow, and one day these problems will be irrelevant.
The government already intentionally understates inflation through changes to the CPI, this would just further incentivize them to understate it even further.
You’re right of course. I suppose in an idealistic world, elections would be publicly funded, with no methods of outside money to take influence over candidates and therefore policy. A utopian dream perhaps.
I wish I knew the answer to this, but I don’t think a dollar amount floor on labor in fiat currency is it. That’ll just find a new equilibrium in a devalued currency.
I don’t write this because I disagree with the sentiment. I agree wholeheartedly with the sentiment.
But wealth isn’t about dollars. It’s about assets. For day to day living, it’s about real estate.
I just wrote out a whole bunch of thoughts but I don’t think they’re applicable to the topic.
Maybe do things like:
Unoccupied residential real estate is taxed at some obscene percentage of assessed value.
No individual may own more than ten living spaces (apartments are a need, and somebody’s got to own them)
Entities (looking at you black rock) may not own residential real estate.
REITS are absolutely off the table.
Water is a public good and Nestle can get fucked
Student debt and medical debt are capped at some percentage of income formula.
And to get really crazy, instead of minimum wage, employers must demonstrate that employees can afford two bedrooms with no more than twenty five percent of gross wages.
I’m drinking beer and watching rich people ride horses. These are casual thoughts without citation and are not intended for academic review or criticism.
And to get really crazy, instead of minimum wage, employers must demonstrate that employees can afford two bedrooms with no more than twenty five percent of gross wages.
Stuff like that always backfires. You lose the businesses altogether, now nobodies got nothing.
I believe the standard counter to that is that if you can’t meet that standard then you either shouldn’t have employees or you shouldn’t have a business
That’s a brain dead retort, utilized by people that don’t think, just repeat ideas they heard elsewhere and barely understand. Note, I ain’t saying that to you in particular. Brings to mind the rent controlled buildings standing vacant in NY, because it’s below input/maintenance to rent out.
I think it’s wild that the increase has to be legislated each time, why not just give the responsibility of increasing it each year to a government agency which needs to follow legislation to set it (based on XYZ metrics)? This is how it’s done in many other countries.
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My manager: Tough shit
Your manager is in the same situation as you. They are not the adversary here.
Who fires u tho?
Tying the minimum wage to inflation is a good strategy. Combined with a method to keep the executive class from exponentially lapping the labourers, you’d have the makings of a nice first world nation.
The road to getting there isn’t enjoyable though. Just go with the flow, and one day these problems will be irrelevant.
The government already intentionally understates inflation through changes to the CPI, this would just further incentivize them to understate it even further.
You’re right of course. I suppose in an idealistic world, elections would be publicly funded, with no methods of outside money to take influence over candidates and therefore policy. A utopian dream perhaps.
You say “should” like we don’t keep electing all the politicians who don’t give a crap about wages.
Imagine what the world would be like if it were managed by people who didn’t regard their role implicitly as mismanagement
Nope. They said no to $15… so it doubles to $30 an hour now. Say no again shitters
I wish I knew the answer to this, but I don’t think a dollar amount floor on labor in fiat currency is it. That’ll just find a new equilibrium in a devalued currency.
I don’t write this because I disagree with the sentiment. I agree wholeheartedly with the sentiment.
But wealth isn’t about dollars. It’s about assets. For day to day living, it’s about real estate.
I just wrote out a whole bunch of thoughts but I don’t think they’re applicable to the topic.
Maybe do things like:
Unoccupied residential real estate is taxed at some obscene percentage of assessed value.
No individual may own more than ten living spaces (apartments are a need, and somebody’s got to own them)
Entities (looking at you black rock) may not own residential real estate.
REITS are absolutely off the table.
Water is a public good and Nestle can get fucked
Student debt and medical debt are capped at some percentage of income formula.
And to get really crazy, instead of minimum wage, employers must demonstrate that employees can afford two bedrooms with no more than twenty five percent of gross wages.
I’m drinking beer and watching rich people ride horses. These are casual thoughts without citation and are not intended for academic review or criticism.
And to get really crazy, instead of minimum wage, employers must demonstrate that employees can afford two bedrooms with no more than twenty five percent of gross wages.
Stuff like that always backfires. You lose the businesses altogether, now nobodies got nothing.
I believe the standard counter to that is that if you can’t meet that standard then you either shouldn’t have employees or you shouldn’t have a business
That’s a brain dead retort, utilized by people that don’t think, just repeat ideas they heard elsewhere and barely understand. Note, I ain’t saying that to you in particular. Brings to mind the rent controlled buildings standing vacant in NY, because it’s below input/maintenance to rent out.
I think you forgot that corporations are people too, thanks to the utterly inestimable contribution to your society of your “supreme court”
I’d vote for you
The federal government really did just give up on any actual changing of minimum wages and it’s very insane that that is the case.
I think it’s wild that the increase has to be legislated each time, why not just give the responsibility of increasing it each year to a government agency which needs to follow legislation to set it (based on XYZ metrics)? This is how it’s done in many other countries.
Too practical and goal oriented.