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by toss1
831 days ago
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Solution 1: Reset the minimum wage the way it was originally designed (by 1950s Republicans), so that it pays a livable wage for one man working 40 hours to support a family of 4 above the poverty line. This is what built the middle class. Solution 2: Tax any and all automation sufficiently to pay a Universal Basic Income above the poverty level so that people have options and do not need to work unless an employer makes it worth their while to undertake the commute, etc. Actual minimum wages may be lower, but the corp taxes will be higher. Either way, we are the wealthiest society in the history of the planet. We CAN afford to treat everyone with dignity, which includes providing for their basic needs of food, housing, healthcare. Allowing some to exploit others in a coercive semi-slavery arrangement should not be an option. Moreover, history shows that when distribution is required to be sufficient to build and maintain a robust middle class, the wealthy also get wealthier (because they have a base of customers). Massive economic inequality leads to overall lower growth, and a smaller pie for even the wealthy. It's a commons problem, and the wealthy aren't smart enough to solve it (although Henry Ford made a start with his idea that every one of his employees should be able to afford one of his cars — same principle) |
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