linking the minimum wage to inflation would end up causing inflation....
resulting in a self fulfilling driver of inflation. I would rather like to see
the impetus be improving productivity... enabling wage increase. Right now, we have stagnation in productivity gains, which has resulted in
wage stagnation. Until more value is created from each work unit, wages
can't go up. It comes down to simple math. Revenue-fully loaded carry
cost per employee.
Conservatives are determined to crush the middle class, but that class is
essential to the functioning of American capitalism. So conservatives and
corporate leaders are destroying the system from which they benefit so much -
Marx predicted this a century ago and it is coming all to true.
There's a reason workers are reluctant to ask for wage increases. The
fluidity of technological advancement into tasks people have been doing, and the
robustness of lower wage global competition have resulted in great instability
in employment security. Companies come and go, jobs are even more transient,
for far too many of us.As the Great Recession fades, and the new low
wage reality sets in, we realize what our parents had we won't see. Those
days are gone. It's nothing personal, it's just economics.The best thing young people can do is recalibrate their expectations and grow
accustomed to a more modest standard of living. Life is still rich, the
experiences are there to be had, just on a smaller tab.The low wage
reality will reach up and disrupt those who assumed American workers would keep
getting larger raises, based on productivity gains. Physicians, lawyers,
professors, civil servants, and maybe even plumbers will eventually have to
adjust, too, as their clientele simply won't have the same monetary
flexibility to pay for historically expensive services.
Want to know what happens in the real world if a worker asks for a raise? They
are laughed it of their bosses' office. If they don't like the pay
then they are let go. Conservatives can't have it both ways.
They can't demand free market principles which lead to the depression not
increase of salaries and then argue that the worker needs to demand higher
wages. You cannot bust unions and then complain when the workers have no power.
Would it still be patriotic if a group of workers founded some sort of
organisation whereby they asked for a raise collectively?
Just curious. Are the productivity numbers adjusted for inflation as well? If
not then it is kind of a misleading comparison.
Awe yes, trickle down. The downfall of the American Middle Class as per the
conservative plan to give to the 1% and take from the rest.