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by AnthonyMouse
1137 days ago
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It's not a matter of if resources are available. Suppose there is some work which has a maximum value to the employer of $9/hour, e.g. because that's how many more sales they make if they have an employee stocking shelves in addition to checking out customers instead of having one employee do both, because then there is less time when a product isn't on the shelf. So they might offer to pay $8/hour, if someone is willing to work for that. If you set the minimum wage at $10/hour, they aren't going to pay that for this, even if they have a billion dollars, because paying $10/hour would cause them to have $1/hour less. If what you want to do is tax the rich and give it to the poor to make sure everyone has a minimum amount, that's a UBI, not a minimum wage. |
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> Suppose there is some work which has a maximum value to the employer of $9/hour...If you set the minimum wage at $10/hour
Then the employer should raise their prices or the job shouldn't exist. The present situation of forcing people into, or exploiting people who are in a precarious situation is disgusting. It's bad enough when applied domestically, look only to US states stripping back child labour regulations[0], not long after children were found to be working night-sifts cleaning slaughterhouses[1]. The same reasoning is exhibited by western companies who are all too happy to turn a blind eye to foreign child and slave labour if it keeps manufacturing costs low.
[0] https://www.theguardian.com/law/2023/may/01/us-surge-efforts...
[1] https://www.theguardian.com/us-news/2023/may/09/nebraska-sla...