this post was submitted on 30 Jun 2023
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A Boring Dystopia
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... But we do have one... It's just very... Minimal.
Any minimum wage should be pegged to a cost of living index.
This right here. It seems so simple in principle. But it's also not doing that which is a major factor that let's the rich get richer.
Remember kids, minimum wage=minimum effort. Never give more than that. You're employer paying you minimum is literally telling you that if he was legally allowed to, he'd pay you less.
I think you really nailed something there... We don't really have a minimum wage, we have a minimal wage.
A proper minimum wage should be pegged to the cost of living - it's the minimum required to live. Instead, what we've got is companies paying the absolute least that they're required to, and lobbying to keep that number as low as possible regardless of the cost of living.
And this is why it will never stop.