Earlier quoted context omitted.
Think about what you're doing. I am asking for specific ideas and numbers, and you're responding with homily. This is what I mean. You can't just critique and moralize without offering specific workable solutions. The system we have is not great. Who wouldn't want a world where everybody could just have more or less whatever they want, live extremely comfortably, and for it to all be completely sustainable? But that'…
Indeed some would argue that a minimum wage can be quite damaging: for those in society who are unproductive so as not to be worth $x an hour, a minimum wage of >= $x actually definitely excludes them from the workforce. They’re even more damned than before. Now I’m not sure either way if a minimum wage of 0 or $x is a good idea, but I would generally go with whatever the evidence suggestions (and I havn’t looked int…
Wages are not objectively determined on the basis of worker productivity. If that were the case, wages would rise with productivity, but they tend not to. Wages are a cost that employers want to keep as low as possible in all cases - indeed, lower in cases of higher productivity, for a greater return on investment.
A stower at Amazon can make their monthly salary for the company in minutes by stowing a couple of XBoxes, yet they'll make the same 12.00/hr over a ten hour shift regardless. The value that an employee brings to a company is always less than their compensation. Never more, and certainly never equal.
I'm not certain the actual workforce bears out the premise that a minimum wage definitely prices workers out, since if it did, one would expect none of those jobs to be filled, since no employer should want to pay a minimum wage to fill them.