(04-12-2021, 09:54 PM)Classic-Xer Wrote:(04-03-2021, 09:43 AM)David Horn Wrote:I think you should go big and impose 60$. You won't have much of an economy left but whatever, that's beside the point.(04-02-2021, 12:21 PM)Anthony Wrote: Not surprisingly, I agree with Joe Manchin. Let's go to $11 an hour for now - so long as the minimum wage is thereafter indexed to an "unchained" CPI once the minimum wage does reach that figure.
And the Democrats have only themselves to blame - because of the Culture Wars, which they started - for being forced to compromise on this, and so many other issues.
$15 is low today and far outdated by the time it finally arrives. $11 is an insult. If the minimum had kept pace since 1973, it would be $20+. I do agree that the laser focus on culture issues has been much of the problem. It seems to be that advancement on trend line A must be offset by stagnation on trend line B. It’s not right, but it seems to be the case. And no, I don’t have a solution for that.
The fact of the matter is that wage labor and money are almost entirely arbitrary. Why do cooks make ten an hour? Why not fifty, or fifteen, or five hundred? If adjusted radically upwards l, would not everything else adjust itself according to the "natural laws of the market" given time?
But this isn't an argument for increasing the minimum wage. It's an argument for the abolition of wage labor.