I don't think people are understanding this like Buffet is. They are only looking at party lines. He doesn't seem like he looks at that stuff. Raising it $15 now nationwide would be horrible. In the long run it would be fine though.
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan
so cashier or burger flipper or whatever. very easy skills to learn do not take advanced training and pretty much there is a almost endless supply of people that can do the job.
that means the pay is significantly less.
Network admin. specialty skill that takes trainging and an education and understanding of networking and computer in general. more specialized skill more pay.
Doctor: highly specialized skill that takes years of education and training big money pay.
CEO: a jack of all trades sort of person that is able to handle multiple issues at one time and be able to solve almost every issue or have a solution. usually the owner of the company and therefore big money.
you are paid what you are able to produce. if you produce more than what is needed then the company profits and you move up. if you produce what is required then you stay where you are at. if you produce below expectations then you are fired.
the job they are doing doesn't demand more than minimum wage is the problem.
no skill requirements and a large pool of people that can do the job pretty easily.
everything else raises with it and you are set at a new floor level.
just now they don't qualify for the stuff they use to they make to much money.
it is called economics of scale.
Was it bad to provide near-universal access to water? Even though it devalued water? We no longer have to hike 5 miles to the well for it. It's no longer as valuable as it once was. So what? We're better off for it.
I don't understand why having everyone receive a better education is bad for the country. Sure, if everyone has it it's no longer special, but what does having a subset of our population feeling special achieve? A better educated populace is better. Full stop.
"Education is the only thing you can do that will change society. Everything else is just a band-aid." - Jacqueline de Chollet
"Anytime anyone has waged a war on human science, science has won." - David Rothkopf
No, you aren't paid what you are able to produce. Your labor has excess value. That's literally the basis of all employment. If you produce more, there's absolutely no guarantee that you "move up."
Maybe the real problem with the libertarian crowd is that they still think the world is fair.
What is with liberals and them wanting the government to provide them everything?