$15/hr minimum wage

[Benton]

(08-07-2018, 11:52 PM)Beaker Wrote: You're going to hear "it takes more than just telling people not to be lazy....or get a better job", even though you said more than that. Where were you in the income inequality thread when I was extolling a similar viewpoint?

Maybe it's some of Column A and some of Column B?

Maybe it's not all just "work hard and you'll get six figures" or "incomes have been rapidly outpaced by cost of living so we need intervention to keep up with essential costs"?

The thinking in most industries for decades has been short-term profit above all else. How hard you work is largely irrelevant, unless you're self employed. In that case, it's largely whatever the market pays for your skill. My last corporation recorded record profits year after year despite layoffs year after year. Eventually it went upside down and there wasn't enough labor to generate the same revenue. The solution? More layoffs. My division recorded a 12-15% increase in profits every year for six years... we still laid off 1/3rd of the labor and kept wages flat.