I'll say another thing about MW that needs to be said.
Besides the rather obvious that it needs to go way up, simply to produce a floor below which workers do not sink, but what else needs to happen is that once that MW is at the ideal point that is acceptable to society in general, that it be thereafter tied to inflation, similar to the way Social Security is.
So every year, MW would go up by the same percentage as Social Security does, the so-called COLA Cost Of Living Adjustment.
Otherwise it just becomes increasingly worth less and less until it is pointless. Every year it won't buy as much as the year before.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
You know the MW is too low when fewer and fewer jobs are paying the MW.
If it gets to the point where no minimum wage job has any applicants at all, then you know it is totally pointless.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
AKA My way or the Highway. I love how authoritarian Democrats look when the truth comes out.
Most Americans are not buying the shit you are selling, counselor.
No one on this forum needs to know who you work for or what you do but can you at least confirm you are not some corporate lawyer asshole representing the very same people you are fighting?
I can guarantee you this: I'm not one of them. I'm just a worker bee. I do understand the need for a Queen bee. OTOH, sometimes Queens need to be replaced. The Hive goes on. Just please confirm you are not a lawyer working for a corporation.
"Hatred is a failure of imagination" - Graham Greene, "The Power and the Glory"
Hello Walt,
OK, thanks. And that's the way a national one should be phased in as well. Gradually ease in the changes. Let everybody know well in advance, and take years to do it. All of these arguments about 'So, overnight, businesses would no longer be viable,' are really BS.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
There is always the fear that too much money/assets will get locked into an upper class, just like during the Dark Ages. That is actually bad for the entire economy. So some sort of progressive tax is usually suggested, along with inheritance tax, property tax, etc. Setting a maximum wage seems somewhat extreme, but there really does have to be a maximum percent of the economy that one person, or a small group, can control. There needs to always be a way to move up or down in the economy.
PoliTalker (01-19-2021)
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
"Hatred is a failure of imagination" - Graham Greene, "The Power and the Glory"
"Hatred is a failure of imagination" - Graham Greene, "The Power and the Glory"
War=Peace (01-19-2021)
Hello Walt,
I know, right? The problem with greed is that it is self-defeating. By the greediest members of society attempting to gather as large a percentage of the overall wealth into one little pot they call their own as they can, that shuts a lot of other people out of capital and opportunity. The rest of the economy, basically. If there's less wealth in circulation, then there is less opportunity to create a business that seeks it.
The greater wealth inequality becomes, the fewer well-paying jobs are available for the rest of society to compete for.
If taken to the extreme, then one person owns all the wealth and everyone else is destitute, has nothing. There can then be no economy at all. There would be no businesses for the one rich person to buy products from. That one person already has all the wealth. No one else would be able to buy anything because none of them would have even one penny. Actually, money would become pointless. People would have no property, simply be hunter-gatherers. Most people in today's society would die.
But that's just the most extreme case. 100% wealth inequality.
We are not there yet. We are on our way. Wealth inequality is growing steadily, and that is a problem.
The more extreme wealth inequality becomes, the less possible it is for there to be a booming economy.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
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