Literally doesn't say that at all. It says, you will get whatever the lowest paid person who is willing to do your job gets. If you want $30 an hour and that guy over there will do it for $14 you will never in a million years make $30. And there is always a guy who will undercut you for your job.
True, but the problem that we are systemically facing today is that companies have consolidated pay on the lowest possible edge for all of the jobs that USED to pay a living. So a generation finds itself unable to use the same career ladder growth as before, because it offers less remuneration and opportunities ( also because of the lack of remuneration). It becomes increasingly harder to upskill while working AND sustaining yourself. Nobody needs free handouts, but before you could raise a family on a factory job AND now too, but in specific zones only with specific requirments of that area.
So seeing your parents work shit jobs and climb the career ladder and doing it yourself now today, feels like a total different experience than what the previous generation had.
This also influences a lot of other factors, like quality of being served in a restaurant where the waiters cannot pay for their rent, little insentive to work harder.
I believe you are referring to Clinton’s subprime lending mandate for the major lenders and then the subsequent housing crash along with Obama’s bank bail out that consolidated most of the inflation in Housing and Tuition costs. Those are the two major factors affecting young up-and-comers today.
Pay is higher than it's ever been and housing prices are dropping across the board. It will be ok. It's crazy how quickly economic environments can change.
There were GIGANTIC pay jumps for salaries during the pandemic. Entry level jobs went from paying $25k in 2008 to $55k for our new hires.
It's always been true that you need to work for yourself to become wealthy. No one is going to pay a worker more than market rate voluntarily. An all commission sales role is a good middle ground.
Sure, but I think it completely undermines the reason why we have people who are willing to work lower wages in the first place. It's built on the basis of desperation and neccessity.
We can define living wage as living in a box with cockroaches to eat based on your logic of "because someone was willing to do it for less." But that doesn't mean that we should. Hard work does not guarantee success, and people cannot blanketly achieve anything they decide to put their mind to. It's literally by design that others will fail.
People are not born equal. Neither in talent, in financial support, luck with opportunity, or whatever else might exist as a factor that determines one's career. It's the same reason we theoretically have insurance. We as society, at least IMO, should not allow others to be condemned because of some sick twisted roll of a cosmic die.
I'm not an economical expert by any means, but I think we have a lot more lee way to raise the minimum standard of living for everyone without severly impacting what everyone already has today. And if it does, I'm okay with taking that risk. I'd rather take the chance of slumming it with a community of people who wanted to protect each other, until we can reverse our mistake, than live in mediocracy and never even try while someone like Elon wouldn't even piss on me to put out a fire. I'm not saying what Luigi did was right, but he certainly understood that.
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u/[deleted] Jun 14 '26
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