So we should decrease your salary to drive down prices?
Comment on California voters to consider raising minimum wage to $18 with Proposition 32
Realitaetsverlust@lemmy.zip 2 months ago
The problem with minimum wages is that they also drive up prices over time. This is a bandaid to a much bigger problem.
surewhynotlem@lemmy.world 2 months ago
Realitaetsverlust@lemmy.zip 2 months ago
While lower salaries would decrease the amount of financial pressure on companies and could lead to more competitivepricesz, I don’t think that that would be the correct avenue to walk down no.
I think the only real solution to that is to break up mega corporations and try to fund and subsidize local businesses.
Capitalism has been a blessing for everyone, even those clowns on lemmy.ml or other clown instances, but when globalization hit, it went downhill. Trying to promote local businesses again would - at least in my opinion - better the entire system, from wages to prices to work conditions.
Cort@lemmy.world 2 months ago
That’s why they also need to introduce a maximum wage. To stop prices going up from paying the ceo too much.
Realitaetsverlust@lemmy.zip 2 months ago
Dunno why you’d think that solves the problem
iamjackflack@lemm.ee 2 months ago
Dunno why you don’t think it could help in any way
Realitaetsverlust@lemmy.zip 2 months ago
Because minimum wages cause significant cost for companies, which they are forced to pay by law.
High salaries are not mandatory and if a company can’t afford it, they don’t pay that much.