- Joined
- May 22, 2012
- Messages
- 104,378
- Reaction score
- 67,558
- Location
- Uhland, Texas
- Gender
- Male
- Political Leaning
- Libertarian
As defined by me. Frankly, I've become a bit of a believer in this. Since the laws of supply and demand do not apply to labor, and since employers are all infinitely able to pay higher labor costs out of magical profits, I say we raise the minimum wage to $50 an hour, and we can all have above-average income!
And clearly everyone will still aspire to work hard construction jobs or some other high stress occupations, requiring many years of extra education/training that pay little more than being a Walmart greeter or a McBurger flipper. We can then all be HS dropouts, recrational drug (ab)users and still have a guaranteed opportunity for a "middle class" lifestyle. Naturally, our social "safety net" programs will increase their benefit levels to exceed this new minimum wage level threshold.
Why not take this concept of wage "fairness" one tiny step further and use the federal tax code to establish a maximum wage? After all, it is not "fair" (equal?) that one person's labor be compensated based on its market value and not another.