Quote:
Originally Posted by FrankMiller
No, that's not how it works. To simplify, people should make a minimum wage that is sufficient to provide food and shelter for their families. $1m/hr would have deletrious effects on the economy that a $10-20/hr wage would not, such as dramatic inflation, in addition to being dramatically higher than necessary to accomplish the aforementioned goals of minimum wage.
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See, this is how the Progressive mindset works......
Paying people based on what they
think people should make rather than what employers are
able to pay.
Frank, can you please come up to the chalk board and write out for the class your magical business model that allows employers to pay people based on their needs rather than the value of their labor?