Comment on Minimum Wage Isn't Living Wage

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TheStaffmaster@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

Raises in minimum wage don’t come from nowhere. So the boss increases prices to cover it. Cost of living thus increases, so we ask for a rise in the minimum wage.

How about we set a MAXIMUM wage, then set it to be no higher than 3-5% more than the lowest paid employee in the company? The extra money left can be paid out as dividends to investors and/or taxed by the government.

THAT’S HOW YOU SOLVE A PROBLEM: BE EFFECTIVE, NOT EFFUSIVE.

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