Most countries have this (minimum wage regulated by a regulator). The fact you need an act passed by the legislature every time you want to raise it is ridiculous.
If everyone had a universal basic income then people wouldn’t be forced to take a job that doesn’t pay them what they feel like they deserve.
Let the market set the price
If I am willing to do a job for $10 dollars to make extra cash, I should be able to.
If no one is willing to do the job for $10, the company will have to offer more.
Minimum wage is a bandage to a problem of capitalism. Wound being poor people suffering without “minimum”. If you make sure everyone has the “minimum” you fix the problem and don’t need the bandage.
Capitalism doesn’t take into account people have basic needs. It assumes everyone is like a robot waiting for the perfect job to pop up.
$20 minimum wage is still too low, but better than nothing. Decent outline. Just have to get someone that gives a shit about people into office.
can we fix it with a bread basket index please?
Most countries have this (minimum wage regulated by a regulator). The fact you need an act passed by the legislature every time you want to raise it is ridiculous.
Minimum wage shouldn’t have to exist
If everyone had a universal basic income then people wouldn’t be forced to take a job that doesn’t pay them what they feel like they deserve.
Let the market set the price
If I am willing to do a job for $10 dollars to make extra cash, I should be able to.
If no one is willing to do the job for $10, the company will have to offer more.
Minimum wage is a bandage to a problem of capitalism. Wound being poor people suffering without “minimum”. If you make sure everyone has the “minimum” you fix the problem and don’t need the bandage.
Capitalism doesn’t take into account people have basic needs. It assumes everyone is like a robot waiting for the perfect job to pop up.
The problem is people who are desperate enough will still do it for under market wage.
Plus markets are shit at labor/wages.
But your idea is to do exactly that with capitalism