this post was submitted on 20 Jul 2023
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The profit should equal exactly the minimum wage, no more and no less. In fact it should not even be called "profit", just the wage of the administration. Doesn't matter if a profession is "skilled" or "unskilled", people should be paid to live not to value their skills above others. No reason an MD should be paid more or less than a janitor and we wouldn't be able to live without either of them. The pandemic showed clear as day how much work is "essential" and badly paid compared to "inessential" and "skilled".
It's not even like employers themselves are particularly skilled anyways. Now if you believe that some people inherently deserve a worse life due to their profession, you can just say it.
Dont forget with raising that minimum wage to meet profit, we are also going to take the means of production.
Ok, I've read all this. And it's ridiculous, no one will open a business if they make $0. Raise the minimum to something livable like $20 and let them make a few million, probably with hard caps over something like $10+ million profit. They won capitalism, congrats, the rest goes back into the company/taxes. It shouldn't meet exactly the productivity, just better than what we have now.
This idea is fine if you literally just want to survive, but your perfect world would have nothing of joy in it.
I just realized we stumbled into lemmygrad
Out of curiosity, where did you think you where, and what finally made you notice? I am genuinely curious.
I just saw US News as the community name in hot. I favor materially increasing the minimum wage and enjoy meaningful discussion about economic issues, so I jumped into the thread.
Then I noticed how unanimous and fervent the comments were in opposing any profit driven enterprise at all. I thought this is a surprisingly skewed group for discussion of American minimum wage. I looked at the instance and finally realized I had accidentally intruded.
Thank you so much!