this post was submitted on 07 Aug 2023
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Late Stage Capitalism
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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.
Haven't they been claiming that in the US too. Same in the UK.
Forgot to mention that our minimum wage is DAILY. A $3 increase to the DAILY minimum wage takes them out of business 😅
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.