this post was submitted on 07 Aug 2023
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Late Stage Capitalism

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[–] bennieandthez@lemmygrad.ml 10 points 2 years ago (1 children)

you would not believe the amount of "enterpreneurs" in Mexico that complain that their businesses are going under after a 50 pesos ($3) increase to the minimum wage.

[–] sabreW4K3@lemmy.tf 2 points 2 years ago (1 children)

Haven't they been claiming that in the US too. Same in the UK.

[–] bennieandthez@lemmygrad.ml 3 points 2 years ago (1 children)

Forgot to mention that our minimum wage is DAILY. A $3 increase to the DAILY minimum wage takes them out of business 😅

[–] sabreW4K3@lemmy.tf 1 points 2 years ago

The structure needs tearing down. One of the things we are missing in order to do that is a hoarding tax. Because if everyone is paid properly and coerced to spend, then the business's accrue additional income.