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originally posted in:Secular Sevens
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12/17/2013 9:40:56 PM
109
Can pure capitalism exist without exploiting the poor?
All the talk of raising minimum wage has got me thinking. While, personally, I don't believe that fast food workers should be making $15/hr, I do believe that working full time at minimum wage job should at least put a roof over your head, clothes on your back, and food on your table. The minimum wage should be increasing at the same rate as the cost of living.
The US federal minimum wage is $7.25/hr, which was last adjusted in 2009 - nearly 5 years ago.
People working minimum wage jobs [i]need[/i] those cost of living adjustments.
Letting the free market determine what something is worth is a basic principle of capitalism, yes? If the free market decides that someone flipping burgers is worth $3/hr, that person is screwed. The unfortunate part of this situation is that $3/hr is better than $0/hr, even if $3 wont buy you shit, so people will take those jobs.
Capitalism is inherently emotionless. At what point does one put aside their capitalistic intentions and exhibit compassion in taking care of their workers?
English
#Offtopic
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Edited by M37h3w3: 8/1/2014 2:33:38 AMCan I also point out that while everyone balks at increasing minimum wage worker raises, CEO pay has grown exponentially while everyone else's wages have largely remained stagnate? And it's apparently not even tied into CEO performance as the scatter graph between performance and pay looks like a shotgun blast at 70 yards. [quote]While, personally, I don't believe that fast food workers should be making $15/hr, I do believe that working full time at minimum wage job should at least put a roof over your head, clothes on your back, and food on your table.[/quote] Even if it takes 15/hr to cover the basic necessities and still leave enough room to chase a higher education?
