Re:What happens when all of your co-workers quit?
by lotsofpulp on Friday August 20, 2021 @05:05PM
(#28251399)
>There were no such ill effects when the minimum wage was above the poverty level.
I mentioned demographic reasons in my comment because of the decreasing birthrate. The birthrate in the 50s was much different than today, and the sheer momentum of demand caused by new, young people enter society can be a cause of economic growth (the "pie" increasing in size that I was referring to).
With the new parameters of an aging population, I think the situation may very well be different, and already has had an effect over the past 2 decades.
>And aside from the beneficial economic effects, it is just the right thing to do, even if there are some minor costs. The idea that "you can't impose even a cent of costs on me to better everyone" is truly ugly. We live in a complex society, not some solipsistic universe solely for the benefit of "#1". Don't be that "#1".
I also welcome a reduction in wealth/income inequality. I simply think a large part of the reduction will come at the expense of other deciles, which matters because it then affects politics. I actually think it is at the root of the political tension and tribalism in the country, because certain tribes are moving down the socioeconomic ladder relative to others.
I mentioned demographic reasons in my comment because of the decreasing birthrate. The birthrate in the 50s was much different than today, and the sheer momentum of demand caused by new, young people enter society can be a cause of economic growth (the "pie" increasing in size that I was referring to).
With the new parameters of an aging population, I think the situation may very well be different, and already has had an effect over the past 2 decades.
>And aside from the beneficial economic effects, it is just the right thing to do, even if there are some minor costs. The idea that "you can't impose even a cent of costs on me to better everyone" is truly ugly. We live in a complex society, not some solipsistic universe solely for the benefit of "#1". Don't be that "#1".
I also welcome a reduction in wealth/income inequality. I simply think a large part of the reduction will come at the expense of other deciles, which matters because it then affects politics. I actually think it is at the root of the political tension and tribalism in the country, because certain tribes are moving down the socioeconomic ladder relative to others.