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by coolsunglasses
4773 days ago
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>- Put minimum wage above slavery levels: $20/hr AT LEAST And put a bunch of people out of work, exclusively lower and lower-middle class folk. Minimum wage is one of the worst and most counter-productive mechanisms for social welfare. Citizen's salary is better as it doesn't create adverse employment incentives and ensures basic survival/shelter/etc for all without agency or commodity-trade problems. Empowers the worker class to negotiate knowing their rent is paid regardless too. Not to mention the labor mobility and liquidity it could induce. If you're going to advocate for social services, you should at least know which programs are known to perform poorly. (There are tons of economic/socio-political reports on this stuff all over the internet. If you care - read.) Cf. Rent control |
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You can always create more jobs by lowering the salary/job.
And this is by the way what has been happening: minimum wage was not even adjusted for inflation, which means it was effectively lowered.
But obviously the people who depend on minimum wage have no clue about how the economy works because they never had access to a good education, which is why they won't speak up, which is why so many rich folks advertize lies like "don't get an education, you can get rich by dropping out of college, just like Zuckerberg".
Now the question is: How often does a society really want to lower minimum wage (in order to boost the number of jobs created)?
The lower you go, the more problems you see "in the streets".