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Business & incomeExperience excerpt · English

>I mean, have you seen how much pay has gone up in low-skilled jobs? …

>I mean, have you seen how much pay has gone up in low-skilled jobs? There are signs at all the local businesses in my area offering $15+ an hour for cashiers and fry cooks and whatnot. The same kind of jobs I worked 7-8 years ago for $8 an hour. They are taking advantage of supply and demand to force jobs to pay them a closer-to-fair wage, instead of selling their time for less than it's worth and perpetuating the problem indefinitely. Those jobs also result in products being more costly, so that the current low end wages are actually lower nominal value. I find people using terms like "fair wage" end up making wishes and policies that end up hurting the poor, not helping them, by not understanding economics. Fair is what a person can command from competing for jobs, and jobs competing for workers. Anything else ends up unsustainable, which usually ends up hurting the least able workers. Mandating wages leads to lower employment - so sure you can help some by pricing others out of work. …

Original discussionAmerica needs carpenters and plumbers. Try telling that to Gen Z876 source comments · at import
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MO

I mean, have you seen how much pay has gone up in low-skilled jobs? There are signs at all the local businesses in my area offering $15+ an hour for cashiers and fry cooks and whatnot. The same kind of jobs I worked 7-8 years ago for $8 an hour. They are taking advantage of supply and demand to force jobs to pay them a closer-to-fair wage, instead of selling their time for less than it's worth and perpetuating the problem indefinitely. To be fair, I do agree that on an individual level there are tons of people screwing themselves over and messing up their lives, being a burdon on their parents or whoever ends up supporting them financially, etc. I don't think most of these people are refusing to work out of activism or anything. But from a sociological perspective it's a natural response to a problem(a problem that goes much deeper than low wages imo, but I won't get into that) that acts…

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FL

"Fair is what a person can command from competing for jobs, and jobs competing for workers. Anything else ends up unsustainable, which usually ends up hurting the least able workers." Unsustainable, huh? I'm from the Netherlands where we've had minimum wage since 1969. The job market hasn't exactly broken down in those 53 years. Actually, we have the lowest unemployment in recorded history. Also, minimum wage just got upped by more than 10%. You know why? Because otherwise people working full-time can't even afford the basics. Even if you have zero empathy in you, how exactly does it benefit society to have productive members of society suffer, become homeless, resort to crime, go hungry and freeze?

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YA

> Those jobs also result in products being more costly, so that the current low end wages are actually lower nominal value. If low-end workers' wages double and that makes costs go up 10%, or even 20%, pretty sure they're still ahead.

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