03-06-2019, 01:39 PM
Another issue with an abrupt raise is what it does to the employment market just above minimum wage. If I am making $16.00 right now and over night everyone else is making $15.00 my wage has essentially been slashed with the inflation that will accompany the new increase. Any big raise needs to occur over time so that not only the companies can adjust but also those who are at a level close to the new wage can adjust.
With that said, I mentioned before that technology will slowly come in to offset such a move and it will create a job crunch. The slower introduction will allow funding to be established for retraining to try and stave off an unemployment jump that could come with automation. In the end though you won't be able to save everyone because of capitalism as a whole. One of the flaws of capitalism is for there to be a top and a middle there has to be a bottom, the key is to use social programs to make the bottom as livable as possible. I'm not arguing that we can't do better, we can, but we will never get to a point where someone isn't struggling at the bottom and that is a reality people have to accept. We shouldn't forget about those people but we have to keep things framed in perspective.
With that said, I mentioned before that technology will slowly come in to offset such a move and it will create a job crunch. The slower introduction will allow funding to be established for retraining to try and stave off an unemployment jump that could come with automation. In the end though you won't be able to save everyone because of capitalism as a whole. One of the flaws of capitalism is for there to be a top and a middle there has to be a bottom, the key is to use social programs to make the bottom as livable as possible. I'm not arguing that we can't do better, we can, but we will never get to a point where someone isn't struggling at the bottom and that is a reality people have to accept. We shouldn't forget about those people but we have to keep things framed in perspective.
