General Discussion
In reply to the discussion: Can someone answer my question about the minimum-wage hike? [View all]PETRUS
(3,678 posts)I did my research. You think my observations about the ratio between minimum wages and GDP per capita are incorrect? Then show me.
GDP per capita is all important here. (Your comment about varying spending priorities is meaningless. One person's expense is another person's income. The subject is distribution, and making intentional changes - by definition, all else will not be the same.) It's why a bus driver in the US makes more than a bus driver in Bangladesh. It's not the job itself, it's the size of the economy in which the work is being done. As I said before, a $15 minimum wage by 2020 is not "uncharted territory." We distributed income like that before, and other places do now.
There are political impediments to raising the minimum wage to that level, but you haven't been making a political argument. You've been attempting an economic argument, and (to borrow from Gertrude Stein), there's no there there. To that point, is it possible to raise the minimum wage to $15 and fuck things up? Sure. Will it necessarily fuck things up? No. The question is one of political will. If the will to raise the minimum to that level exists, the will do to it properly should be there as well.