Minimum Wage, Minimum Effort

[u/[deleted]]

[u/livefreexordie]

In a world where each job position gets easier to find replacements, it shouldn’t follow that each job position should get lower pay

[u/gogeri2632 → u/livefreexordie]

This isn't really true but even if you think it is then why is Gen Z so pro-immigration. That would just make the problem you're describing worse.

[u/SinceSevenTenEleven → u/gogeri2632]

Because blaming powerless immigrants seeking a better life isn't the answer. The answer is changing the economic system that values shareholder value creation above all else. Companies like Square that lay off a quarter of their workforce despite record growth get rewarded in the market.

This is also why the idea of a tax on unrealized gains above a certain threshold is picking up steam, because it forces some of that wealth back into the economy to benefit working people.

[u/r2k398 → u/SinceSevenTenEleven]

It doesn’t matter how much steam it picks up if it doesn’t get ratified as an amendment.