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by vvarren
1767 days ago
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I am the author, and my argument is in no means against rising wages. In fact, I think it’s about damn time that wages are rising. The $15/hr living wage movement has fought for this so long, that now $15/hour is barely a living wage anymore.
My argument is actually that the economy is built on the backs of underpaid workers, and now that these workers are demanding their fair value we will either see inflation or the failure of many businesses. I don’t believe a business should be allowed to survive if it can’t afford to pay its employees a living wage, so if my argument implies that it is truly not my intention. Let me know what you think and if you have any suggestions to clear this up in my article. |
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> My argument is actually that the economy is built on the backs of underpaid workers, and now that these workers are demanding their fair value we will either see inflation or the failure of many businesses.
I don't see how it's inflationary from some money to be shifted from the owners to the employees. Also, I don't see how that causes a business to fail, unless it was operating very close the margin. Corporations are doing very well; Bezos has over one hundred billion; paying employees more won't bankrupt these businesses or have any effect on people like Bezos.