Nope. We don’t have 250 million doctors either. You’re using extreme examples. Point is if you have a marketable skill you will find work in a stable economyNot true at all. In face the demand is outpacing the supply. Hence outsourcing is so huge and pay is so high. By Dad is 70 and wanted to retire and but is working because of demand and he likes what he does.Of course I do. My dad has been an engineer for 40+ yrs. My wife has been in finance for 15+ and her boss for 35+. Same skillset. If you are proficient in a certain skill it translates. My contractor has been doing his job for 40 yrs.If making widgets isn’t a marketable or transferable skill then it’s on you. Not my problem. I am Teaching my kids to garner marketable skills. So that if that happens you can find a job elsewhereIf you’re earning minimum wage you have minimum marketable skill set.It's Socialism for the markets.
Trillions for the markets but NO raise in the minimum wage for the working stiffs.
Who earns the minimum wage? The head of a household with one or two kids or a teenager/young person living at home? What is the typical household income of that minimum wage worker?
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It's not difficult to find this info.
Low-wage Workers Are Older Than You Think: 88 Percent of Workers Who Would Benefit From a Higher Minimum Wage Are Older Than 20, One Third Are Over 40
So?
A man was making a good wage making widgets. The wife stayed home.
The widget manufacturer decides to off shore to Thailand. Now both have to go to work. Yeah, her skills are not up to date but all that's left is low wage jobs.
As long as we are going to continue to allow that I'm going to support those harmed.
No it is not. You have no clue what will be marketable skills 25 years from now. You are just blowing smoke.
There are very limited jobs for engineers. If you want every single person to prepare for the future and get an engineer degree then engineers will be paid minimum wage and nothing actually ever gets done.
Because we don't have 250 million engineers. That is what you are arguing for.