Upon inception it was set at $0.25. It is now $7.25.

  • trailing9@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Because I am not convinced by their arguments. It makes sense if you accept a minimum of unemployed people. But why should society settle for that? Employ everybody and find another way to prevent wages from rising too high.

    • idiomaddict@feddit.de
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      But the workers don’t currently have either- lowering or removing the minimum wage might reduce the unemployment rate, but those jobs are not going to be paid at a livable rate. Currently more theft is wage theft committed by companies against workers, they’re already using the power they have against workers. There’s already a clear divide between union and nonunion blue collar benefits and wages: if there were a textbook play of economic principles, all nonunion blue collar employees would quit and join union companies or form their own.

      • trailing9@lemmy.ml
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        Having neither, it’s the same as the saying about liberty and security. If you don’t seek employment for all then you won’t get minimum wage.

        Let the people decide what a livable wage is. A bad job is better than no job. They can still refuse to work.

        Of course, without new ideas, things don’t change. Not the workers but the companies need a reason for full employment.

        • idiomaddict@feddit.de
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          Let the people decide what a livable wage is. A bad job is better than no job. They can still refuse to work.

          The people have a gun to their head. If they’re not eligible for unemployment because a $3/hour job is available, they’ll take it not to starve to death. That doesn’t make it a free or advantageous choice.