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this post was submitted on 16 Jul 2024
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what about the minimum wage being stuck at $7.25? some wait staff make half that still
Biden is just throwing crumbs around like some elder on a park bench feeding pigeons
Ah yes. Let's the this other thing that's not related restrict our ability to move forward.
Don't let perfection stand in the way of progress.
$15 an hour would be considered progress not perfection
when has the US moved forward more than a baby step if that in the last half century? and we just lost most of that progress we did make in the last fifteen years
That wasn't my point. The point is to not let lack of progress in one area detract from progress in another. I agree that the minimum wage is way too low, but that shouldn't influence an attempt to cap rent increases.
Obviously, both is better, but 1 is still progress and better than 0. If we don't celebrate progress, we'll never get better.
There has been no progress, wages have been too low for decades, housing is out of control, and all we get are table scraps
There's an argument to be made that you need rent control before mandating any wage increases otherwise landlords will just raise rent since they know you have the money. Same argument can be said for UBI, it'll just be a $1000 a month gift to landlords. If you maintain capitals control over setting prices any increase in income will be gobbled up by them as they raise prices and increase profits.
You need to squeeze capital from both sides, price controls and wage increases, for redistribution to be effective. Otherwise they'll compensate for losses on one side by increasing/decreasing the other.