Ironically the people most terrified of workers getting a living wage tend to be the most compulsively excessively consumer, typically obese people at or nearing middle age who think it's normal to eat 30,000 calories a week and descend into a panicked rage at the idea of having to pay 50 cents more for a bag chips.
Living wages would require a stable currency, a government that has a surplus in revenue, no minimum wage laws and a border wall with limited immigration. Just creating and raising the minimum wage will do nothing but impoverish the people making a wage between the old minimum and the new minimum wage. If I make 15$ now after three years experience from 9$ starting. I will not recieve a 6$ wage increase should the minimum wage be raised to 15$. Now I am a minimum value worker again competing for the same volume of goods that are available. This means prices rise and I can buy less stuff then before. Congratulations, minimum wages destoy prosperity.
One reason STEM degrees are better than other "degrees".
Someone still has to repair the machines.
Ironically the people most terrified of workers getting a living wage tend to be the most compulsively excessively consumer, typically obese people at or nearing middle age who think it's normal to eat 30,000 calories a week and descend into a panicked rage at the idea of having to pay 50 cents more for a bag chips.
Living wages would require a stable currency, a government that has a surplus in revenue, no minimum wage laws and a border wall with limited immigration. Just creating and raising the minimum wage will do nothing but impoverish the people making a wage between the old minimum and the new minimum wage. If I make 15$ now after three years experience from 9$ starting. I will not recieve a 6$ wage increase should the minimum wage be raised to 15$. Now I am a minimum value worker again competing for the same volume of goods that are available. This means prices rise and I can buy less stuff then before. Congratulations, minimum wages destoy prosperity.
Increased wages are usually a sign of increased inflation.
If you need more money now to buy a house than your parents did, the currency might not be as stable as you are being told.
Research "dollar vs gold cost" and "decreased purchasing power".