WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2024 Poal.co

1.3K

(post is archived)

[–] 0 pt (edited )

You want to eat, you had to find work

And how many people do you think took jobs that didn’t pay them enough to afford to eat or pay rent? Why would anyone take that job? If we suddenly abolished the minimum wage and Walmart started hiring for $0.10/hr, how many people would apply? Zero. An employer could exploit exactly zero people with an unfair wage just because the government stopped regulating it. Better to be free on the streets homeless and starving than working 40 hours a week and homeless and starving. A legal minimum wage is not required to keep people from working jobs that don’t pay what they need.

Social safety nets are irrelevant to how minimum wage affects inflation. Taxes and other government overreach is also a different conversation, though I do agree that they contribute to cost of living. Yet again, forced increase of wages increases the government’s ability to collect more taxes

Semiconductor wages in my backwoods area were roughly 65% of the wages for the exact same jobs in California.

Yes, again, exactly. The wages for the job are set by what is required by the surrounding society. All wages also increase when minimum wage is increased, which furthers spending ability, which speeds up inflation.

If someone was working as a mechanic for $15/hr when California increased minimum wage to $15/hr, why would they keep that difficult job if they could just throw boxes onto a shelf and take home the same money? So mechanics now make $30/hr. Now why would someone invest thousands of dollars and years of their life to learn a programming trade that pays $30/hr if they can just immediately enter any other trade for $30/hr? Programming jobs have to pay more because the minimum wage increased. The treadmill continues all the way up, and each industry along the way has to increase its prices to compensate for the wage increases.

California can only charge the rent and taxes that it does because its higher minimum wage has driven up the wages of higher skilled industries. If the wages were not so high, nobody could rent or sell their property for as high of a price, and prices would collectively lower. Exactly the same thing happens with product costs.

Minimum wage => inflation