41–50 of 93 posts
The reality is that if the minimum wage had stayed consistent with productivity and inflation since 1968, America’s lowest earners would be making around $24 an hour by now, an analysis by Jacobin found last year. Fifteen dollars is not asking for a lot. In fact, it’s asking for less than the bare minimum of what we should be providing our workers.
I'll leave it to you to figure out 'Why'.
Earlier quoted context omitted.
I hate this argument. It is so flawed. When productivity increased, minimum wage earners do make more. Overall productivity increases don't increase profits. They reduce prices! Workers make more because everything costs less. If you increased minimum wage with productivity, it would eclipse the highest earners in a matter of decades. It makes no sense to do that.
"Overall productivity increases don't increase profits. They reduce prices! Workers make more because everything costs less." That only applies in an economy without credit and where sales are constrained by the spending of the wage share. In an economy with credit you can use financialisation to give people spending power their wages don't permit, which keeps prices higher than they would otherwise be and allows mor…
Walmart employees make so little they are often eligible for food stamps. Walmart knows and teaches employees how to apply. What kind of free market is that? You shouldn’t be allowed to pay your employees so little that they are eligible for government benefits. To me this issue seems like something that both political parties would take issue with.
Walmart only makes less than $7k per employee. They have 2.2million employees. Regardless of the common narrative - they simply can't afford to raise all of their employees wages by any meaningful amount with their current profits.
Earlier quoted context omitted.
Walmart only makes less than $7k per employee. They have 2.2million employees. Regardless of the common narrative - they simply can't afford to raise all of their employees wages by any meaningful amount with their current profits.
Walmart makes over 200k in revenue per employee. Using profit to make your point is not applicable if honest. Otherwise you would advise Amazon to cease hiring altogether in all those years they were seemingly losing money per employee.
And why would anyone treat an established retailer like a high-growth company? That makes no sense.
The reality is that if the minimum wage had stayed consistent with productivity and inflation since 1968, America’s lowest earners would be making around $24 an hour by now, an analysis by Jacobin found last year. Fifteen dollars is not asking for a lot. In fact, it’s asking for less than the bare minimum of what we should be providing our workers.
The reality is that 1968 had the highest inflation-adjusted minimum wage ever in the united states. I'm not sure it makes sense to compare to an outlier.
The reality is that if the minimum wage had stayed consistent with productivity and inflation since 1968, America’s lowest earners would be making around $24 an hour by now, an analysis by Jacobin found last year. Fifteen dollars is not asking for a lot. In fact, it’s asking for less than the bare minimum of what we should be providing our workers.
Earlier quoted context omitted.
Here in Seattle in the 2000s there was a huge push to tear down or repurpose all the motels along Aurora Avenue as they were viewed as promoting prostitution. Now, with many fewer motels we have shrank our pool of ultras affordable, unsubsidized housing and prostitutes just take their johns to the alleyways to do the deed.
I literally just drove southbound on Aurora about an hour ago and saw three street walkers between 160th and 80th so I think it’s safe to say that effort was a total failure.
When you prohibit micro-units and other low-income/low-quality housing, you don't get more high quality housing. You get more homelessness.
When you prohibit low-wage work, you don't get more high-paying jobs. You get more unemployment.
The only process that actually increases the quantity of high quality housing and high paying jobs, is investment, and investment is motivated and sustained by investment profits, which left-wing populists demagogue so much about, and political leaders enact so many laws to inhibit (e.g. laws against price gouging, rent control, tax rates that progress with income, etc).
The reality is that if the minimum wage had stayed consistent with productivity and inflation since 1968, America’s lowest earners would be making around $24 an hour by now, an analysis by Jacobin found last year. Fifteen dollars is not asking for a lot. In fact, it’s asking for less than the bare minimum of what we should be providing our workers.
Well the reality is also that if $24/hr was the minimum wage the price of items would be through the roof and that $24/hr would be worth less than what the $15/hr is worth now. No such thing as a free lunch. You can't just inflate a persons worth without having to pay for it somehow.
y'know, even out the playing field a millimeter or two.
The reality is that if the minimum wage had stayed consistent with productivity and inflation since 1968, America’s lowest earners would be making around $24 an hour by now, an analysis by Jacobin found last year. Fifteen dollars is not asking for a lot. In fact, it’s asking for less than the bare minimum of what we should be providing our workers.
Earlier quoted context omitted.
Walmart only makes less than $7k per employee. They have 2.2million employees. Regardless of the common narrative - they simply can't afford to raise all of their employees wages by any meaningful amount with their current profits.
Walmart makes over 200k in revenue per employee. Using profit to make your point is not applicable if honest. Otherwise you would advise Amazon to cease hiring altogether in all those years they were seemingly losing money per employee.