- Joined
- Jul 1, 2017
I was part of that circle back then (because college), the reason according to one of my favorite literal communist websites (a Trotskyist outlet) was that $15/hour was the living wage (if you worked 40 hours a week) that matched closely with the rise in worker productivity, but $21/hour was what it would actually take to equal a living wage in many metropolitan areas due to a rise in the cost of living. This was like 2015 so I assume $21/hour is now $24/hour because inflation or some garbled talking point.I keep seeing this 24 dollars an hour number for the minimum wage floating around, does anybody know where this specifically comes from?
My guess is that just like with the huge Bernie craze in 2015-2016, it's the whole "original minimum wage adjusted to inflation" schtick, and back then they said the number was 15 dollars an hour. I've never really understood this argument because the wages of the people in higher positions haven't adjusted all the way for inflation either.
I recognized immediately even back then this was an idea that wouldn't work. What you really need is to lower the cost of living through various means which back then and now I'd still argue involves a lot of redistribution of wealth from the rich to the poor. Not redistribute from the rich to the slightly less rich like Democrat politicians do when they divert billions to diversity studies, foreign aid, and the abject nonsense that makes its way into shit like "Build Back Better" or worse, the Green New Deal.
A great example of a minimum wage hike in practice is the Northern Mariana Islands (CNMI), a US territory. They used to have a minimum wage lower than the US and got (somewhat truthfully, even if the sweatshops weren't as bad as elsewhere) accused of having sweatshops because clothes made their could be marketed as being made in the US. Then they raised the minimum wage to match the US standard and all the clothes factories left the islands leaving a fuckton of people unemployed with poverty increasing as a result. Incidentally, CNMI is one of the most corrupt places in the US too.
Basically, advocating for a minimum wage hike is a simplistic solution to a complex problem. I don't even think there should be a federal minimum wage or even state minimum wage, it makes more sense to keep it at the local level since a rural county in Upstate New York and Manhattan would logically have very different sensible minimum wages. This is the same problem I had with the Trumpbux program, where last year working 40 hours a week made me not too much more than laid-off people sitting around doing nothing despite my state not having a high cost of living. Any sort of UBI needs to take into account local cost of living or else it will fuck over economies.