No, i just had to pass an economics class that had a required paper on protecting the vulnerable members of society through federal social systems and the minimum wage. It became abundantly clear that our system of economy is the reason we have the need for social programs, not the federal minimum wage.
As I said above, I’d prefer that we all had a livable wage. That’s not feasible with our current economic system. We’d need to employ more democratic socialism and use adjustable subsidies to ensure all people were paid enough through a regularly fluctuating economy.
BTW, I am the exploited, so there’s really no benefit for me in this argument. It’s simply an educated perspective.
You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage nationwide, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
It’s honestly not as simple as turning it up to fix everything. Our capitalism needs to be checked with more democratic socialism if we want to move more people into stable income ranges. My personal investment would be to address our medical system first with socialized medicine, but that’s hardly enough on its own. Inequality will only worsen with AI replacement.
You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
No, i just had to pass an economics class that had a required paper on protecting the vulnerable members of society through federal social systems and the minimum wage. It became abundantly clear that our system of economy is the reason we have the need for social programs, not the federal minimum wage.
As I said above, I’d prefer that we all had a livable wage. That’s not feasible with our current economic system. We’d need to employ more democratic socialism and use adjustable subsidies to ensure all people were paid enough through a regularly fluctuating economy.
BTW, I am the exploited, so there’s really no benefit for me in this argument. It’s simply an educated perspective.
How convenient for those of you who have already gotten theirs.
As I said above, I am the exploited. Reading comprehension is not your forte, is it?
Let’s pretend you are. Then we both are. You’re just making excuses for those that exploit you.
You really don’t follow. I’m not defending inequality. I’m stating an economic fact that increasing the federal minimum wage too much will not only fail to provide a livable wage nationwide, but it will also put more people below the poverty line due to the increased cost of domestic goods and services provided at the new higher wages. More people would be on SNAP as well as working full time due to the increased cost of our food supply chain.
It’s honestly not as simple as turning it up to fix everything. Our capitalism needs to be checked with more democratic socialism if we want to move more people into stable income ranges. My personal investment would be to address our medical system first with socialized medicine, but that’s hardly enough on its own. Inequality will only worsen with AI replacement.
Right. You got yours. Fuck us flyover morlocks.