Minimum wage would be $26 if it kept up with productivity

[Fuzzy Necromancer]

https://www.cbsnews.com/news/minimum-wa ... ductivity/

So no, a $15 an hour minimum wage will not kill Mom and Pops stores and the heartland American small business. Workers are making more money for the owners, they just aren't seeing any of it.

[Yukaphile]

Minimum wage should definitely be higher. I agree. Since I'm gonna be heading out into the workforce soon, it kind of intimidates me. And worse yet, I don't wanna head into a place that demands one of those fuckin' masks.

[Fuzzy Necromancer]

Isn't a shame then, that we live in a country where the prevailing attitude is that you should be thankful for an opportunity to work at all, regardless of the demands your employer makes, and if you object to any of these points it is considered your just desserts if you become homeless and die?

[Yukaphile]

Well, it's not like I can do anything to change that, a Joe Nobody. Especially since I voted blue in 2020, but for the LAST time, mind you. Don't intend to go red. But I've had it. I just won't vote AT ALL. I won't be guilted into it either. As George Carlin said decades ago, we just have the illusion of choice. He was ragging on it even in 1996. And it's like Vorlons vs. Shadows now. Democrats vs. Republicans. The correct choice... is NOT to choose at all. So I refuse to let them turn me against the right just because I lean more left. It's over because I'VE DECIDED IT'S OVER!!!! NOW GET THE HELL OUT OF MY COUNTRY!!!! Both of you. Sorry, went into paraphrasing Sheridan there.

[Mickey_Rat15]

https://www.cbsnews.com/news/minimum-wa ... ductivity/

So no, a $15 an hour minimum wage will not kill Mom and Pops stores and the heartland American small business. Workers are making more money for the owners, they just aren't seeing any of it.

It does not say that. From the article:

"A $26 an hour minimum wage might strike some as unrealistic, with Baker noting that his analysis is more of a "thought experiment" than a practical proposition. For one, more than tripling the federal baseline wage would result in a host of undesirable economic effects, from a spike in unemployment (as employers would need to cut jobs in order to pay the workers they could afford to keep on) to higher inflation."

Setting policy via a gross statistic that certainly does not apply evenly across all market sectors is pure foolishness, but the minimum wage is based in the New Deal's economic foolishness and proto-fascist overreach.

[Fuzzy Necromancer]

"The New Deal was horrible" is a weird hill to die on, but at least your dead.

[Mickey_Rat15]

"The New Deal was horrible" is a weird hill to die on, but at least your dead.

The New Deal made the Great Depression "great". It prevented the markets from making the necessary adjustments to start the recovery. It was not until having to fight WWII made FDR remove the regulatory garbage thrown about by his sophomoric technocrats that it finally got out the doldrums.

[Madner Kami]

Hm, wierd that the Great Depression ended in 1933 and the "New Deal" began in 1933, so the "Great" existed notably before the "New". Sure, the US took a bit longer than most other countries to recover, but that has a lot of reasons and arguably none are rooted in the New Deal, but rather in the fact that the New Deal didn't go far enough.

[Yukaphile]

Yeah, I'd say it's more a downward trend over the last 40 to 50 years. Come on. The empire peaked then, once we put a man on the man and hooked up four nodes on the first shy internet, and so we had nothing left to shoot for.

[Draco Dracul]

"The New Deal was horrible" is a weird hill to die on, but at least your dead.

The New Deal made the Great Depression "great". It prevented the markets from making the necessary adjustments to start the recovery. It was not until having to fight WWII made FDR remove the regulatory garbage thrown about by his sophomoric technocrats that it finally got out the doldrums.

WWII lead to more government control on the American economy, not less. The war economy under FDR is the closest the US has ever been to a command economy.