Re:What harm do minimum wages do?
by michaelmrose on Thursday August 20, 2020 @02:08AM
(#24220390)
>A key feature is indexing the maximum amount i.e. what a person with 0 income would receive to typical cost of living at state or country level. This way it auto adjusts.
If you pick a value too low it does not actually keep someone alive, fed, and housed.
If you pay enough to live half the shitty jobs everyone hates become not worth doing.
Re:What harm do minimum wages do?
by madeofpalk on Thursday August 20, 2020 @06:52AM
(#24221923)
I just think that businesses should pay employees a living wage to do work.
The transfer payment is taken from the entire economy through a tax. A slice off the top.
If a business has higher profits it would also pay larger portion of that transfer to low income persons.
A key feature is indexing the maximum amount i.e. what a person with 0 income would receive to typical cost of living at state or country level. This way it auto adjusts. Then it is in the interest of everyone paying taxes to figure out ways to reduce costs of living.