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 Originally Posted by wufwugy
Besides, if higher wage floors were good, we could just pass a law that increases wages by 5%/yr until everybody makes $100/hr.
Renton made a similar statement earlier in this thread. It seems like a scare tactic populated by people who stand to lose, because it doesnt really make sense. I think I heard fox news suggest $1,000,000/hr or something preposterous.
But no one is suggesting that. $100/hr, same with $50/hr, is a crazy amount of money for unskilled labor. We know this because people with actual skills make less.
Meanwhile, we know that wages like $1/hr and $0.50/hr are similarly crazy little amounts of money for unskilled labor, because children make more in allowance without doing any work.
But the people arguing for a minimum wage are asserting that there is a range that exists within the reasonable amounts that should be paid to all skilled workers. (Seattle did $15/hr i think? That seems high, since a paralegal with college education gets paid near that, same with lab techs).
Just to pull out a range... I imagine an acceptable Minimum wage could be anywhere from $6/hr to $12/hr. The range is probably narrower. I lean towards the higher side, because $7.25/hr doesnt seem to do much, and it appears like companies could easily afford to pay their employers more (and closer to what theyre worth instead of the least amount possible). I lean towards $10/hr. That wage allows someone to live in an apartment with roommates, and still have a car/phone/internet and some spending money. Its also not too far off what people are paid now.
But to expand on why i picked that range...Seattle's $15/hr would be an insane change. That big of an increase would cause the catastrophe ya'll are worried about, because its more than double the current wage. Prices would have to increase substantially, with more products sold, and more productive employees to compensate...and im not sure thats possible.
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