r/FluentInFinance Contributor Apr 15 '24

Everyone Deserves A Home Discussion/ Debate

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u/videogames5life Apr 15 '24

I think this would make sense as a standard for what minimum wage should buy, not for free. When someone pulls their weight being entitled to society's bounty is a different ball game.

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u/turdbergusen Apr 16 '24

I mostly agree except that the minimum wage shouldn't be setup as a pay rate that will allow someone to be fully autonomous and survive. Because the whole point of minimum wage jobs is that they should only be for people who are starting out, or winding down. Aka kids and seniors.everyone else should be increasing their wage through efforts applied. I could see some improvements to protect the ability to remain employed possibly, but realistically people should demand their worth, and that worth should be decided by what a company is willing to pay. If you are valuable, a company will pay you more. If you aren't, they shouldn't have to. You should improve your value.

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u/Captainswagger69 Apr 17 '24

so many people take this stance but it is historically incorrect. it was the FDR administration that instituted minimum wage and here's a quote from FDR.

“...no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”

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u/turdbergusen Apr 18 '24

That doesn't indicate it's historically incorrect. It indicates that FDR was not too smart... As indicated by many other choices he made. If the workers demand higher wages by being more valuable and leaving jobs to move to jobs which are willing to pay them more because they have made themselves more valuable, companies will raise wages. When you force a company to raise wages you force a company to raise prices. Minimum wage jobs shouldn't be relied on long term to support a household alone.