Yep
(Wouldn't that be fairer ?)
ML/NJ
Maybe it should be.
For him, this was not about lifting up the poor or increasing wages for everyone. He saw it as a tool for including and excluding workers based on whether and to what extent the people in question should even be part of the labor pool.
As he plainly says, the purpose of the law is to “regulate the plane of competition” so that “one one could undersell the others by cutting below the established rate.” Workers whose productivity fell below the minimum would simply be excluded from the workforce: “It would be impossible to compel employers to pay the minimum to those whose services were not worth it.”
To him, this is a feature, not a bug.
Why would anyone want such exclusion? Here is where Taussig gets brutal. Some people are simply unemployable, he says, for example “those who are helpless from cases irremediable” due to “old age, infirmity, disabling accident” and also those suffering from “congenital feebleness of body and charters, alcoholism, dissolute living…irretrievable criminals and tramps.”
This class, he opines, “must be stamped out” and should not “be allowed to breed.” Ideally, he says, we should “proceed to chloroform them once for all” but that might have a bad look. Instead, “at least they can be segregated, shut up in refuges and asylums, and prevented from propagating their kind.”
https://www.aier.org/article/minimum-wages-had-a-eugenic-intent/
If Mom and Pop can’t pay their employee the min wage maybe they should learn to code.
increased minimum wage = increased unemployment or increased prices
Cash under the table will be the norm. It already is in placed with high taxes.
And yet lefties won't connect any of this with riding minimum wage.
My local MacDonald's has exactly these:
More jobs lost. Bringing back the ghost of FDR.
15 Dollars An Hour Minimum Wage 2021 - loaf of bread: $5
30 Dollars An Hour Minimum Wage 2022 - loaf of bread: $10
60 Dollars An Hour Minimum Wage 2023 - loaf of bread: $20
120 Dollars An Hour Minimum Wage 2024 - loaf of bread: Not Found
Have friends who are generally Conservative but think this is a good idea. One works at factory that pays well over twice the current min wage. I explain to him that if it increases to 15 hr, their stating pay will be only a couple of bucks an hour over min wage. They can’t get enough people now. Forget the union bump angle for a moment. We’re in a right to work state and no union people work there. I argue that the company will have to raise prices to make up for the increase and he says they won’t.
China will sure be happy about this.
How about NO minimum wage? You’re paid what your employer thinks you’re worth. I know there are workers out there who aren’t worth $1.00 per hour.
I think it should be based on age:
at 65 / $65 hr.
at 95 / $95 hr.