Re:Working fewer hours would make us more productive
by viewer5 on Tuesday January 05, 2016 @10:53AM
(#10843842)
That's exactly why. Because minimum wage puts a floor on the 'bottom' that's being raced to. Otherwise, people would be earning considerably less than the current minimum wage, because the 'bottom' would be even lower.
[ Parent
| on HN ]
Re:Working fewer hours would make us more productive
by icebraining on Tuesday January 05, 2016 @10:58AM
(#10843873)
The question was sarcastic (poor form, I know). More than 90% of workers earn above minimum wage, despite this supposedly inevitable race to the bottom.
Re:Working fewer hours would make us more productive
by agsamek on Tuesday January 05, 2016 @12:45PM
(#10844681)
Check out how many earn more than 150% of the minimum wage. Otherwise it's still minimum wage driven.
Re:Working fewer hours would make us more productive
by icebraining on Tuesday January 05, 2016 @01:04PM
(#10844800)
Or maybe the minimum wage is driven by real wages. Or maybe they're both by a common factor - like inflation.
Re:Working fewer hours would make us more productive
by Drdrdrq on Tuesday January 05, 2016 @02:09PM
(#10845221)
Hmmm... I would say 100% of workers should earn above minimum wage, that's the whole point of the law. Right?
Re:Working fewer hours would make us more productive
by icebraining on Tuesday January 05, 2016 @02:44PM
(#10845482)
Well, the point of the law is to have all workers earning at least minimum wage, not necessarily above.