Re:Two Portland delivery companies revolt against Amazon, sh...
by Robotbeat on Saturday July 03, 2021 @01:54AM
(#27719678)
1969 is not a "statistical outlier." It is the high water mark in terms of policy. Lawmakers chose that in 1969 the minimum wage would be set to $12.21/hour (in current terms). We've seen eroding of the minimum wage due in part to worker-hostile politics ever since then (including in the 1980s).
"Humans haven't evolved to become better", and neither have CEOs, even though their pay has soared.
As far as "should," yeah, I think pay ought to be on that level. I think it would probably lead to faster growth.
The only tortured analysis is the idea that workers, who are trained for and use more advanced technology, should not get paid according to the productivity they bring in, but their bosses (who didn't invent that technology) should. There's no logic there, either. It's just bargaining power. And if you (as a--hypothetical?--employer) see no reason whatsoever that workers should be paid more when their productivity is higher is exactly why we need a minimum wage to require it.
"Humans haven't evolved to become better", and neither have CEOs, even though their pay has soared.
As far as "should," yeah, I think pay ought to be on that level. I think it would probably lead to faster growth.
The only tortured analysis is the idea that workers, who are trained for and use more advanced technology, should not get paid according to the productivity they bring in, but their bosses (who didn't invent that technology) should. There's no logic there, either. It's just bargaining power. And if you (as a--hypothetical?--employer) see no reason whatsoever that workers should be paid more when their productivity is higher is exactly why we need a minimum wage to require it.