Message from @beyond_gravity

Discord ID: 603910070840983552


2019-07-25 11:17:18 UTC  

...

2019-07-25 11:17:21 UTC  

difficult

2019-07-25 11:17:36 UTC  

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

2019-07-25 11:17:58 UTC  

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

2019-07-25 11:17:58 UTC  

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

2019-07-25 11:18:48 UTC  

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?

2019-07-25 11:19:06 UTC  

i think they are two different issues

2019-07-25 11:19:24 UTC  

Perhaps you have a more fancy version of fixing the problem

2019-07-25 11:19:38 UTC  

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

2019-07-25 11:19:58 UTC  

in the way that minimum wage goes

2019-07-25 11:20:17 UTC  

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)

2019-07-25 11:20:47 UTC  

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

2019-07-25 11:20:49 UTC  

increasing wages artificially doesn't solve anything

2019-07-25 11:20:59 UTC  

you know why?

2019-07-25 11:21:06 UTC  

if everyone on the bottom rung is earning more....

2019-07-25 11:21:24 UTC  

the market will adjust and everything that person needs to survive will go up in cost

2019-07-25 11:21:54 UTC  

due to capitalism taking advantage of the "extra cash" available

2019-07-25 11:22:13 UTC  

sorry i'm talking more in terms of universal income

2019-07-25 11:22:42 UTC  

I'm also for universal basic income

2019-07-25 11:22:48 UTC  

more that artificial wages disrupt the natural cost of workers

2019-07-25 11:23:00 UTC  

so the market should dictate the labour cost

2019-07-25 11:23:18 UTC  

this is a good thing because it helps small businesses grow

2019-07-25 11:23:29 UTC  

if the small business has to pay the same labour overheads as the big business

2019-07-25 11:23:36 UTC  

who do you think can compete better?

2019-07-25 11:23:46 UTC  

that were labour being a massive cost to a particular business

2019-07-25 11:24:33 UTC  

there is also a problem where the person who wants the job is more then happy to accept a certain wage if the business can make another job available due to the lower cost of worker

2019-07-25 11:24:48 UTC  

and that job wont be available due to the minimum wage

2019-07-25 11:24:53 UTC  

I agree about the free market regulating things, for the most part. However, when a particular wage isn't enough for "living", isn't that enough reason to set a boundary?

2019-07-25 11:25:07 UTC  

You said you don't like minimum wage - do you think it should go away completely, then?

2019-07-25 11:25:12 UTC  

$0 minimum wage?

2019-07-25 11:25:14 UTC  

depends on what you define "living" as

2019-07-25 11:25:25 UTC  

Tell me though, I'm curious how extreme you are about this

2019-07-25 11:25:28 UTC  

i would be happy with no minimum wage

2019-07-25 11:25:32 UTC  

Okay

2019-07-25 11:26:03 UTC  

Now, THAT has been proven to be detrimental and leads to slave-like conditions for workers

2019-07-25 11:26:14 UTC  

how do you suppose that comes about

2019-07-25 11:26:17 UTC  

Perhaps there are other systems you'd have in place to offset that?

2019-07-25 11:26:26 UTC  

the business keeps lowering the wages ?

2019-07-25 11:26:45 UTC  

what incentive would they have if nobody takes that job

2019-07-25 11:27:32 UTC  

If NOTHING ELSE there are people who are stupid (or mentally ill), or immigrants without language skills and serious insecurities, or etc, that can be taken advantage of

2019-07-25 11:27:47 UTC  

so for example if they decide to pay you $2 dollars an hour and it costs you more to live then that