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

you know why?

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

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

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

sorry i'm talking more in terms of universal income

I'm also for universal basic income

more that artificial wages disrupt the natural cost of workers

so the market should dictate the labour cost

this is a good thing because it helps small businesses grow

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

who do you think can compete better?

that were labour being a massive cost to a particular business

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

and that job wont be available due to the minimum wage

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?

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

$0 minimum wage?

depends on what you define "living" as

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

i would be happy with no minimum wage

Okay

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

how do you suppose that comes about

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

the business keeps lowering the wages ?

what incentive would they have if nobody takes that job

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

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

who would be taking that job?

Somebody will probably take the job - that's what ends up happening man

right

so the problem is too many illegals

It's exploitation

if someone is willing to work for $2

you have a labour issue

the balance should be struck where there is nobody willing to work for $2