Let's just make minimum wage 100k a year. Problem solved. Right?
this post was submitted on 17 Nov 2023
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There are some who think that’s a perfectly acceptable wage for just existing and contributing nothing to society. But they’re wrong and it will never happen.
If the cons ever get into power, things are going to shift in significant ways away from the idea of the government being required to care for everyone.
People who are unable or unwilling to contribute to society will be kicked to the curb and suddenly they’ll know how good they’ve had it for the last decade or so when they’ve been whining about it.
I’m generally left leaning but things are way too far left and nanny government right now.
Nobody “deserves” to live in the lower mainland. You should only make it here through hard work, luck, or having the proper connections, or live elsewhere.
Least braindead middle class vancouverite.
You know the working class, the people who build the roads, maintain the infrastructure, drive the public transit, clean the buildings, serve your food all need to live somewhere too right?
The rich in Vancouver are becoming so arrogant and stupid they must be taught a lesson soon. If the conservatives get into power, the homelessness will become worse, but God willing the class warfare will intensify.
Way too many ignorant fucks feel comfortable shitting on the people actually keeping society running while you work a bullshit office job. Fuck yourself.
The higher mandatory wages go the less people will have a job.
The quality of a peron's work has to match the salary. If a person's work is worth $10 and a company must pay $16, it will not be worth hiring the person so they won't have a job.
Also run the risk of as mandatory salaries goes up, current employees will be laid off to pay the ones that small companies can still afford to keep on staff.
A company shouldn't exist if the value of the world they depend on to exist is valued at less than a person can live on.
It's predatory. I guarantee you if doordash goes out of business because of this a different app will pop up, probably with different ideas or a new way of thinking that they can be profitable from while paying the higher wages.
Nah this is bullshit and has been disproven every time wages are increased (or not increased).
Pay to start a company, then pay to hire a few people, and see what you think of how expensive it is to hire someone and if it's worth the cost out of your own cash.
You sound like some of the business people I know who seem to think that society owes them a business or that workers are their just deserts for having graced the community with their business idea.
I've been told for 50 years that I'm not owed a job, so I don't know why employers think they're owed the fruits of my labour.
Well it's worth the cost if it makes you a profit and frees up your time to grow the business further. I own a small business. Currently no employees but myself. But I also work a full time job. If my business I get to 10k profit a year for doing little to nothing while an employee does the rest I'm all in. I'll start to grow it till that next employee.
Interesting.
Do you have some sources you can cite to back up these claims? I'd love to read an accredited source for how an employee being paid more would damage an employer beyond the means of maintaining their business and why it's ethical to maintain a business that only survives off exploiting cheap labor?
A much serendipitous coincidence: one of the economists that won the Economics Nobel Prize
for pioneering research that showed an increase in minimum wage does not lead to less hiring and immigrants do not lower pay for native-born workers, challenging commonly held ideas
is Canadian!
If a minimum wage better matched with the cost of living, people wouldn't need to have multiple jobs, thus the reduction of openings wouldn't put too many people out of work.
As wages go higher for everybody, inflation costs goes up and pay higher costs for living.
As dividends and share buy backs go higher for every investor, inflation costs goes up and everyone pays higher costs of living
FTFY
Ah the unending cycle of capitalism. Neverending growth can never fail.
Yes, there are some counterpoints to minimum wage increases. That's one of them: raising the bar for employability, which also raises the bar on business viability, both of which might ultimately decrease the job pool size. I think it's a reasonable counterpoint. Inflation is another one.
On the other hand I think at this point most economies are in agreement that minimum wage increases above inflation are a necessity and that gig economy workers need some of that protection as well given we don't have a well stablished legal framework for them. Because this is gig work, it doesn't make sense to speak of layoffs. But one could expect a price increase passed on to consumers, which could lead to lower demand, therefore a risk of lower income for workers long-term; but it's factored in and it's a good experiment on the trade-off.