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Actually never heard a good argument for not raising the minimum wage
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Anonymous 23w

The problem isn’t that the minimum wage is too low—it’s that prices are too high. The only way you can actually lower prices in real terms is via supply-side economics because raising the minimum wage only leads to inflation…

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Anonymous 23w

I think minimum wages should increase and I think if you work 40 hours a week you should be entitled to have food, shelter, basic amenities (phone, hygiene products, electricity), and transportation cost to your job as a citizen. The problem is wages won’t make the prices of these goods stable. So I don’t think raising the minimum wage would fix most problems. Business that have labor costs problems will close or reduce hours. Prices will increase to reflect the change.

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Anonymous 23w

It does need to be raised but different states have different needs. $15 an hour would hurt small businesses in poor states but would be a big help in middle income states.

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Anonymous 23w

Minimum wage is not really saying “all jobs should pay this at a minimum”. What it’s actually saying is “no job should exist that doesn’t earn at least this much”. That’s a big difference. You are essentially dooming low skilled individuals to perpetual unemployment because no job will hire them.

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Anonymous 23w

Wouldn’t the business just increase the cost to adapt to the higher labor cost? I think it also drive businesses to seek automation which smaller businesses probably wouldn’t have the same ability to pursue. To me it makes more sense to leave it to states and have it gradually increase I don’t have a super strong opinion on it though.

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Anonymous 23w

I didn’t say it would magically destroy all small businesses. Just that it would hurt them. Small businesses operate on razor thin margins which increases in minimum wage would cut into. So they would either have to raise prices, fire employees, or close. I don’t really care if any of that happens but a lot of people do.

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Anonymous 23w

I would assume it doesn’t bc it’s done gradually state to state like I’m for. I imagine if you do a sudden broad increase it would. How is that a hypothetical you don’t think large corporation have a greater ability to invest in automation?

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Anonymous 23w

Yes but you would be paying less in labor meaning you’re hiring less people if the labor is more skilled. Otherwise you wouldn’t automate.

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Anonymous 23w

Regardless it was a yes or no question do larger companies have a greater ability to invest in automation relative to small businesses

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Anonymous replying to -> brattybottom51 23w

I think instead we should prioritize changes to the housing sector and becoming food secure again. Farming in the US imo is getting decadent, so we will need reforms there. Make firms accountable for the strain they put on our electrical grid and put money into our infrastructure. I think those would do more good than just raising the minimum wage. It should raise but it won’t do any good if we don’t fix the above.

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Anonymous replying to -> brattybottom51 23w

Wait what? Framing in the US is not getting decadent—quite the opposite. See this video for example: https://youtu.be/r5xxTIPKY8s?si=88ojPm8LRfOZycfz

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Anonymous 23w

Literally no one said that, the topic was does a minimum wage advantage large companies relative to small companies. But ok

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Anonymous 23w

Bro idk who you’re arguing against I literally said I was fine with min wage increases.

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Anonymous 23w

You said when you said it was just a hypothetical when it’s clearly true.

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Anonymous 23w

You just gave an example with Facebook did you lie lol?

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Anonymous 23w

You keep shifting the goal post we’re not talking about if they’re holding off rn we’re talking about if large companies have a relative advantage. I agree it’s nuanced and companies can’t just automate everything.

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Anonymous replying to -> #6 23w

That video (which I watched before making my argument) proves my point. Farming is getting decadent because of the financial incentives. Private Equity, Land Speculation, and the financial squeeze on smaller farms make farming worse. When the Agriculture business makes less money on agriculture and more on the financial sector, then yes Farming is getting decadent.

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Anonymous 23w

Sure that hasn’t been my experience anecdotally I’ve seen automation in large chain restaurants, and grocery stores were they do compete with smaller businesses, but that’s my limited experience.

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