this post was submitted on 27 Jul 2024
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Why isn’t minimum wage just tied to the Consumer Price Index? It should rise alongside Social Security, instead of getting these band-aid increases once a decade.
It was. Then Reagan
We need a UBI. Then we could scrap minimum wage entirely. If a job can't pay you enough, you simply don't have to do that job.
Tie it to the GDP and now you double down on the incentive to work, produce, and buy local.
The downside is like 100 multibillionaires would be sad because their score multiploer went down.
Capitalists wont let that happen. How else can they exploit humans for work if they don't have to work.
Ubi is only a piece of the puzzle. We need to uncouple healthcare from employment as well.
We need to uncouple healthcare from private insurance.
"Buy local" is "buy small business", as in not large scale corporations who continually abuse whatever means possible to minimize pay for employees while reaping the biggest rewards.
Not "this person who has 12 employees vs that person who has 12 employees", but "buy from this person with 12 employees, not that company with more than 2 million employees and tops the list of employees on Medicare and food stamps".
Ok? What impact does that have on what was said?
When I say "local" I mean not outsourced to foreign investors, businesses, and production, or to a series of off shore shell corporations used to dodge federal taxes.
I don't mean, "you should buy from Jeff's Store, because his business is within 2 1/2 miles, fuck Jerry's Store because he ships out of Iowa."
Jerry is your neighbor. It doesn't matter if he lives on the other side of the country.
Hey, man. Sorry for whatever it is you're going through. Sounds like a rough time.
So you're telling me there's no downside?
Good idea, it should make companies think twice about raising prices as they have if raising them just means they have to payout more in the end.
Because it would enter an infinite feedback loop where everyone would be paid minimum wage and the ultra rich would be even richer. Inflation only makes for an excuse for the rich to widen their profit margins.
Minimum wage should go up when inflation goes up, but so should all the wages. The way to fix it is effective policies that diminish the inflation itself to a reasonable amount.