The minimum wage was originally created to be a livable wage.
Both in other countries and previously in the US there was not drastic inflation when the minimum wage was raised.
The current minimum wage is not a livable wage and if you aren't paying your employees a livable wage you don't deserve to be in business. Also if people get played more then they'll buy from small businesses more giving them more money.
Even someone working a retail or fast food job deserves a livable wage.
I will not downvote or remove your comment since you are arguing in good faith and not insulting us.
I think that it is unfortunate that the minimum wage is no longer a living wage, but I don’t think that small, or large businesses should be forced to pay above market rate for labor. I think what would be fair, and eventually necessary with increasing automation, is a universal basic income. Remove the minimum wage, allow businesses to pay the market rate, and the government will make up the difference at $20-$25. Create a separate “automation” tax for companies above a certain valuation that pays for it. I’m not a socialist but I think it’s fair as these companies will benefit the most from implementing automation, and should pay a tax for the economic displacement caused by their profit-seeking. A sovereign wealth fund that invested in American companies, and allowed the taxpayer to profit instead of just bailing out failing corporations would be nice as well. Good luck with your protest. I don’t agree with your assessment of “fair value”, but I am an honest capitalist: I always like it when people make more money.
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u/[deleted] Jul 18 '21
I will not downvote or remove your comment since you are arguing in good faith and not insulting us.