What an odd letter. > Besides hiring employees in at a lower wage to decrease our labor ( when able ) make sure you have a pulse on the morale of your employees...Do things to make sure you are the employer of choice. Most importantly, have the culture and environment that will attract people. This is kind of amazing. Surely they know that the culture and environment that will attract people will be the one that pays…
> Surely they know that the culture and environment that will attract people will be the one that pays better, right?
No, it's the one that offers the most perks, like foosball tables and microkitchens. Ask any successful Silicon Valley startup. /s
Hopefully this is the moment we realize that capitalism is really not serving us in any meaningful way. As long as we have enough people brave enough to quit and take to the streets the working class might have a fighting chance at ending their exploitation.
This isn't capitalism's fault, it's just human nature. Every economic system will have scumbags who try to exploit other people for personal gain.
Achieving the optimum economy by allowing human nature to do its thing was supposed to be the way capitalism works. To me that would mean including scumbags, somehow the invisible hand would create paradise.
I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh
That's not nearly enough detail for the setting of the wage. Companies would simply assume that they always eat the cheapest food, buy the cheapest transportation, never go on vacation, no luxuries at all, etc etc. If you don't factor all that in, they'll factor it out.
Even with all that factored in, and even with skipping meals, not traveling anywhere minimum wage does not afford one a roof over their head. Maybe with hours of commute it could start working out (if far away remote places are considered) but commute time is not included as wage and commute also costs money so it breaks the equation again. But CEOs are getting insane paychecks and bonuses.
I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh
>two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic.
My immediate reaction to this statement was.. it's insane? In my opinion it should read 'a single person able to afford a 1 bedroom apartment within an hour of public transport commute.'
Otherwise it sounds like you don't think anyone should be able to live anywhere reasonable without roommates?
Ethics aside, this is bad analysis. Gas prices putting financial stress on Applebee's employees will also put financial stress on Applebee's customers, who may cut spending on things like going to Applebee's.
It will also force employees to look for higher-paying jobs, potentially causing them to leave if Applebees doesn't raise its pay. Normally inflation is associated with higher wages, not lower ones.
I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh
Without debating the merits of said concept, the effect would be to (finally) boost the supply of housing, and find a way to transition (decouple?) stored wealth from real estate assets to something else.
I don't think the reasoning of this individual deserves any other consideration than disgust.
Sure. I agree. But a thread-full of that disgust doesn't have any value as a conversation. We already all know how we all feel about this sort of treatment of other people, it's a given.
Sure, but discrediting the disgust on the basis of it being valueless has a similar effect of discrediting the positions that disgust is based on, especially when you aren't adding value yourself. Mention some solutions! Otherwise you're just talking about HN vs reddit in a thread about vile corporate practice that is very real and serious.
I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic. The static (both in the nominal and inflation adjusted sense) for minimum wage doesn't make sense imo. Minimum wage should be tied to some level of living (not necessarily a great living, but something ) This guy smh
> I wonder what the USA would look like if minimum wage was defined as; two people being able to afford a 1 bedroom apartment within a 1 hour drive without traffic.
More labor being "outsourced" to cheap counties, for one. Rather than a restaurant making meals on site, they'll do most of the prep work 50 miles away where the CoL (and minimum wage) is cheap and truck it in.