Asking for more than minimum wage isn't communism. Jesus.
Every argument you make just circles back to the same old crap.
You try appear educated, but are clearly not at all well versed in economics. I'm not either, but I don't pretend to be.
You know nothing about the poverty cycle, so stop pretending you do. Period.
I am no expert on economics either. I play one on the internet though, and I did recently have one of the greatest economic minds today call the evidence of voter fraud that I presented earlier in this thread, "Intriguing" and he told me I think like an economist, which was a compliment to me I guess?
But hey, there's no evidence. But, wait, shouldn't we listen to experts? I'm so confused.
The govt has to mandate anti trust laws to stop companies forcing out competition by having too much power.
You're way of thinking would simply make powerful companies more powerful and put mom and pop stores out of business.
The free market dont get a damn if it screws over others or it's workers.
So, I am against minimum wage - but not because I want poor people to suffer. Honestly, I think we focus too much on hand outs and not on how to actually give people a better situation. One thing I've learned over the past decade is that, in business, if you have money you will ALWAYS have a negotiating advantage over those who do NOT have. The number of times I (with no money) have made a deal with people with money, put in the work for an outcome and achieved it, only to have them turn around after the fact and find some way to reduce what they pay me is amazing. And since I need SOMETHING, I often have no real leverage to fight back. Can I scratch and claw my way out? Sure.
On the other hand I recently formed a partnership with one of he "haves" who is a truly good guy with integrity and we had a mutual benefit - we each brought something to the table - and having him in my corner has changed the entire game for me. So, bottom line, I get that it's easy to say "pull yourself up" and harder to do. And I get that having a hand-up is a blessing many never receive.
My issue with minimum wage is that, it has unintended negative consequences. It is essentially price fixing by labor buyers. It eliminates the free market for labor. My belief is that people should be paid what they are worth - and a free market is the best way to find the true value of anything. If I only have one buyer and no competition to buy, my price will be lower than if there are multiple buyers. And if all of the buyers know what the other buyers are spending, they have no incentive to compete - so multiple labor buyers with a fixed price is essentially the same as only having one person to go to for work.
As an analogy, if I go to McDs and ask for a job, they will offer me minimum wage. If I don't like it and go to their competitor, Burger King, well, what are they going to offer? Minimum wage. There will never be a discussion of, "Well, McD's will pay $13 what can you offer?"
On the other side, if you believe it will actually increase employee wages, it will be detrimental to smaller businesses - the very people who are trying to create something to pull themselves up. If I have some highly unskilled job to complete, and I now have to pay $4/hour more to accomplish it - that's a problem. Because it's not just $32/day more. It could be $320/day more very easily. Having sold a number of small businesses, many of these people are making $50-100K a year and they cannot absorb an additional $9,000/month in labor costs.
Ultimately, I think people should be paid for the value they actually deliver. If the value is very small, then their pay will be small. On the same hand, I think the benefit of a free working force is that you have people competing for your labor - and minimum wage eliminates that for the poorest and most vulnerable people. It traps them into a system where their compensation for their labor is no longer based on their actual production or value, it is based on the fact that they are "poor".
And lets be real here. The typical job, if we assume 40 hours/week for 50 weeks of the year, entails 2,000 hours of labor. At $19/hour that's $38,000/year. You could get by on that in many areas in the US - the areas without many jobs. But in the areas with many, many jobs - where the competition for labor will be highest - $38,000 won't barely pay your rent once you pay taxes on it. So you eliminate the competition in the areas with the greatest need for competition. That pay in Boston or worse - NYC or CA - is poverty level still. And regardless, NO ONE is raising themselves out of a dumpster with $38,000 in taxable income in the US. Let's be real. Especially if you need a Masters to earn it, as you point out. The payments on those loans will eat that up. For people in this situation, I highly recommend a protein sparing modified fast...if they can even afford that.
More revenue is generated in return back to the government when they get penalized for making more too.
Success is a crime, unless you shut up and comply to your slavemasters.
Amazon made millions in revenue and paid no tax until like last year or whatever.
They made 280 billion in 2019, and paid like 1% tax on that AND still has employees on the bread line. That's what happens when a company is more loyal to investors than its staff
The real 'slaves' (your words), are the people working 12 hour shifts for minimum wage for a multi billion dollar company AND still standing in line for govt handouts because they can barely afford food and rent.
I am grouping the above 2 quotes together of course here - but you have just laid out the true incentive the gov't has for increasing minimum wage. It is a way to squeeze more taxes out of people like Amazon and all other business owners. Business owners pay taxes differently than individual people with low incomes. The wealthy can afford to pay the best accountants and find every loophole and pay fewer taxes. The ultra-wealthy can choose not to pay taxes at all, because they don't HAVE to make any money and if they choose not to have any additional income, they don't have anything to pay taxes on.
But those low-income workers...now...there is a tax base. We can say we are fighting for higher wages and get 20% for every dollar extra they earn! Ultimately it's just money coming from Amazon and the workers won't have the resources or situation to avoid paying it.
It's just another example of someone like Biden acting like he cares about people, but really just using them as a pawn for an ulterior motive.
But this gets back to term limits actually - because WHY does someone like Biden even really care about taxes so much? Because he is employed by the USA! He wants to improve the economic status of his employer, and thus increase his own power and job security. Sure, this may be him on his way out at this point, but he is going to have friends and people that he gains from this that will help his family tremendously long after he is gone. You may not agree with this cynicism and I get that, but that's how I see ALL politicians today with very, very few exceptions.