Ok; heres a question for the pro-Capitalists out there: We all know that you dont believe the government should ever-under-any-circumstances-no-matter-what-do-anything that affects the prices/costs of resources and labor, or to otherwise in any fashion affect supply and demand. I believe that is naive in its simplicity, but putting that aside for a moment: Do you have any ideological objections to labor costs being calculated as a function of minimum wage? (Aside from the fact that we all know you despise a minimum wage to start with... its there, and it will likely never go away.) Allow me to elaborate: Lets say the minimum wage where you have hired an employee is $10/hr. Rather than an agreement to pay them the minimum wage, you agree to pay them 1xmw (1 times the minimum wage). Likewise, if you agree to a salary with an employer, instead of agreeing to something like $100K/yr, you agree to get paid 100k/2k (std wrk hrs in 1y)/10 = 5xmw. I bring it up because - among other benefits - it preserves the relative value of your own income if a minimum wage is ever changed. Instead of messing around with supply and demand, it preserves a fixed relationship between everyones pay and the minimum wage. Raising the minimum wage would mean increasing EVERYONES pay. Again, putting aside your palpable hatred for a minimum wage in the first place, do you see any other ideological issues with this model?
Posted on: Tue, 16 Dec 2014 17:31:05 +0000
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