spastic confirmed

all of us civilised nations have a minimum wage that is indexed to inflation

and you're stuck paying your own people pennies

making them eat shit from the ground and pray for the almighty government to bestow them with supplementary food stamps

Literally, what is the point of a "minimum wage" if it's not enough for people to live a comfortable life?

Everyone has a different perception of what is "comfortable", sure.

But I think it's not so difficult to settle on some common sense metrics (like not working 40+ hours per week, just to make ends meet)

the minimum required to survive based on the cost of living... usually means minimum wage

the living wage is different

Yes, people are prone to take advantage of wiggle room - and people are prone to overspending and living out of their means.

tbh i'm against minimum wage

or a living wage

or benefits

Does it make sense that people who work as hard (or harder) than others get paid less?

food stamps i'm happy with

The Walmart CEO isn't working thousands of times harder than his employees.

Why is he getting paid thousands of times more?

@Dr.Cosby you mean in a hierarchical sense?

he's more valuable to the company in theory

i.e. there's only 1 ceo

I understand that market conditions regulate salary (for the most part) - if the CEO wasn't "worth" that much, the company (or board of directors or stockholders or w/e) should be able to find a cheaper employee, right?

But somehow this doesn't end up working so well

In fact, it ends up working in a disgusting and immoral manner

I'm not a specialist on the matter, but you don't have to be to see how bad it is

I think ultimately, people in those positions get there due to pure luck. Whether through family connections (as is usual) or other means

of course there's a massive imbalance and its only been increasing

so they need to moderate CEO pay

whether one can enforce that or not

...

difficult

Okay, so minimum wage is a different topic? I mean, it sort of is

But if you start regulating the "upper bound" on what is a reasonable wage for certain positions, why not a "lower bound"?

GG @Dr.Cosby, you just advanced to level 3!

If it's ridiculous for a CEO to earn thousands of times what his employees earn, isn't it ridiculous for employees to earn not enough to...live?

i think they are two different issues

Perhaps you have a more fancy version of fixing the problem

regulating CEO pay does not impact a large proportion of the lower skilled workers

in the way that minimum wage goes

But without overhauling quite a few systems, I don't see a better solution than increasing minimum wage (both to compensate for inflation, as well as realistic economic opportunities in the places where they live)

Yeah, simply cutting CEO pay isn't going to do much, sure

increasing wages artificially doesn't solve anything