Andylusion
Platinum Member
Sixty years ago a single minimum wage job where I live paid enough to entirely support an independent lifestyle for a single adult. Today, a single minimum wage jobs puts you on the streets.Raising the minimum wage should help; higher paid labor creates more in demand and generates more in federal income tax revenue.
One chart that shows how much worse income inequality is in America than Europe
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Raising the minimum wage to $15 by 2025 will restore bargaining power to workers during the recovery from the pandemic
"The 1963 March on Washington for Jobs and Freedom demanded a federal minimum wage that would, as economist Ellora Derenoncourt has observed, be the equivalent in inflation-adjusted terms of almost $15.00 an hour today.
"While organizing efforts such as the 'Fight for $15' have led to many minimum wage increases at the state and local levels, the current $7.25 federal minimum wage stands at less than half of that 57-year-old goal."
So a couple of problems. First, you claim that raising the minimum wage will restore bargaining power to workers.
Why do you think this? Because that isn't even logical. If you dramatically increase the minimum wage, then as we all know, people lose their jobs. This means that in the low-skill / no-skill labor market there will be a surplus of newly unemployed people with low/no skills.
That means it will be an employers market. Because if you don't take the job, there are hundred people behind you that will. That means the employer can dictate terms. He might not be able to pay you less money, but he can cut benefits, give only reduced hours, and treat you like crap, because again... if you leave, there are a dozen people behind you ready to take your spot.
Sixty years ago a single minimum wage job where I live paid enough to entirely support an independent lifestyle for a single adult. Today, a single minimum wage jobs puts you on the streets.
Yeah...?
Tell me, what size house or apartment did you live in?
How was your Air Conditioning in the 1960s?
How was your microwave?
How was your smart phone?
How was your cable TV, and your internet?
How was your home computer?
How was your car, if you had one?
How did that car compare to a car today?
You can very easily.... EASILY live a 1960s life style on minimum wage today.
The problem is, you want to live a 2020 life style, but on a 1960s income. Sorry, that doesn't work.
You can't a luxury life style, on a 1960s minimum wage income.
And yes... it is a luxury. The size of an apartment in the 1960s, is like a walk in closet compared to apartments today.
The type of car you drive today, is better than the most expensive luxury car the 1960s ever produced.
Air conditioning is a luxury. People survived thousands of years without central air. Today, you want a place with central air, that costs money. Can't have a 2020 life style, on a 1960s income.
You want to find an apartment that has no A/C, and is only 300 sq ft? There are Studio apartments, that are $400 a month, and you can in fact live that 1960s life style, on minimum wage.
You can sell your phone, cancel your cable, go back to land line phones for a low monthly bill without data charges. You can sell your modern expensive vehicle with power windows and locks, and traction control and get yourself a Geo Metro or something, and drive that dinky thing around.
But if you want a modern Honda Accord, you need a higher income. That's how life works. You want more products and services, you gotta pay for it.
You can't live a 2020 life on a 1960s income. And that's a not a problem of the minimum wage, that's problem of expecting more for less.