What an economically stupid idea. Particularly if you think that Washington can come up with one, one-size-fits-all, for the entire country, from Omaha to New York City.
4 thoughts on “A “Living Wage””
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What an economically stupid idea. Particularly if you think that Washington can come up with one, one-size-fits-all, for the entire country, from Omaha to New York City.
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Economic science deniers.
My favorite part is how they enlist the least skilled, least ambitious, least intelligent people to be their standard bearers for the movement. As if we should be swayed to allow infringement of our rights to contract and constrain our economy by the people that unabashedly admit to understand it least (which is how I parse “I’ve worked at minimum wage fasts food jobs for 10+years and can’t afford to feed my family”).
It is a strange version of the appeal to authority. Very proletariat…
Increasing the minimum wage does nothing to help workers at the bottom in the end. Because, in the end, they are still competing with their socio-economic peers for the same slice of production. Money is an elastic quantity, and its value simply shrinks to re-equilibrate to supply and demand. It’s just another of those liberal nostrums where it doesn’t matter if it actually works, only if your intentions are good.
Many of us started with minimum wage jobs when we ventured into the work-place. These jobs are meant to mostly be for young kids to earn some money before they get into their ‘real’ careers or for older folk who want a job to supplement their income. These jobs were never meant to be for someone to use as their full time work, especially when supporting a family. The excuse that the pay should be raised simply because these workers want a better living wage without giving a better/higher output job is ridiculous.
I don’t go to my boss and say that I want a substantial raise just because I can’t afford to send my kids to college w/o getting into some type of debt. I’d get laughed at.