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Shouldn't minimum wage just increase proportionately to inflation? (lemmy.ml)

submitted 1 year ago by [email protected] to c/general

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Most jobs will give you a performance review and a raise every year to account for inflation and any increased duties you've taken on. We increase minimum wage by massive amounts after far too many years which causes all sorts of economic concerns, business complaints, and just a bunch of arguments everywhere. Shouldn't they just increase minimum wage 3.5% or whatever, every single year?

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[–] [email protected] 3 points 1 year ago

Neither. There is absolutely no excuse for the obscene compensation that CEOs and other executives receive. Quit letting the most sociopathic members of society (who, in all honesty, do not benefit society as a whole - they have a unquestionably negative effect on the lives of those around them) exploit the very people their company relies on to even exist. Give the bloody profit to those that, you know, ACTUALLY EARNED IT. And while we're at it, the function of CEOs have actually been rendered irrelevant due to utterly corrupt rulings by our Supreme Court, so get rid of them. Since they are now required to only ever choose profit, their entire role can very easily be automated.

In short, your entire argument is specious.