The idea of equal pay and equal opportunity for equal work is Marxist?
No, but you’re succumbing to the Western tendency to look at social philosophies as Chinese Buffets; you take what you want to eat and leave the rest.
In the US, we already have equal pay (well, within 3% or so, and it’s doubtful that legislation can close such a small gap) and equal opportunity, legally. The point here is that feminist philosophy is heavily Marxist, because only a society which is coerced to equalize OUTCOMES (not opportunities) can ever achieve that goal, which is not the goal that societies that value self-determination should ever strive for.
As an employer, I would pay you 100% of the market rate for your labor, even if you don’t believe in feminism.
Bingo. And we have that today, in the vast majority of cases.
This is the same dynamic that drives the fact — and it is a fact — that minimum wage increases don’t impact the number of available jobs.
Wrong. The problem here is that we’re so used to the impact that we no longer can calculate it.
If I go to an average hotel (think a Hampton Inn-level place) in India, I will have to fight off people who want to carry my bags in for me. If I am in a store with 55 checkout lanes in China (think Wal Mart), 100% of them are manned (or womened).
What’s the difference? Minimum wage. Those 40 empty checkout lines you see at Wal Mart, the ones with no checkers in them while everyone else waits in lines 4–5 people deep…….are there for a reason. I have to drag my own effing bags into any hotel that’s not a Ritz or a Four Seasons…..same reason.
Lots of companies would love to improve customers service…..if they could do so without breaking the bank. Which is not just the cost of the wage, but the burdened cost of all the other “gotta haves” that the government lays on them when they hire an employee.
Employers still have work X that needs to be performed.
Well, they have X work they’d LIKE to have performed, and then they have X work they NEED to have performed. Don’t conflate the two.
This is the same dynamic that drives the fact — and it is a fact — that minimum wage increases don’t impact the number of available jobs. Employers still have work X that needs to be performed.
Based on the philosophy that employers are not charities, and they only pay people to do work they actually need, the need doesn’t go away if the market changes. They would be forced to increase their offer for the work.
They increase their offer for the “need” work if it is advantageous for them to do so. They have several options. Some jobs may be outsourceable offshore; other jobs may be subject to automation. The higher the wage the employer must pay, the more attractive one of those two options starts to look. Nobody wants to see a $15/hr minimum wage that the companies that build hamburger cooking machines and ordering kiosks.
In fact, there is a strong case to be made that increasing minimum wages puts more disposable income in the pockets of more people, creating more consumers, which in turn creates more demand for product. Therefore, minimum wage increases can actually increase job opportunities through higher demand for products and services.
There is a strong case to be made that that’s utter BS. About 3–3.5% of the 156M US workforce makes minimum wage. So, raising minimum to $11 would kick in (does some quick math) an additional 327B into an 18.6 TRILLION dollar economy. That’s…..(does more math) 1.75% the size of the US economy.
That’s not much. It’s not nothing, but it’s not much.
And…..what are they going to do with that money? I know exactly what they’ll do with it. They’ll buy consumer staples with it. Consumer staples are, for the most part today…..manufactured overseas. So, kicking up minimum wage might be a good idea, and it might help a lot of people out. But it is no boom for the US economy.
And, let’s not forget. The business owners that are now paying out those extra wages are not going to go home to their spouses and say “well, sorry dear, susie can’t have her piano lessons anymore, gotta shell out more for employees”. No way. They’re going to economize. They’re going to make that equipment last one more year. They’re going to put off renovations and cut back on capital acquisitions. They’re going to tell the other employees they’re no raises that year, or they’re cutting back on some benefit. They are going to do whatever it takes to push that profit margin back to where it was prior to the increase in the minimum wage. So, whatever tiny “kick” the US economy got from the minimum wage increase gets quickly retrieved by a slowdown in wage and capital spending on the other side.
UBI may increase overall labor costs, so the price for whatever product or service offered would have to go up.
UBI’s just a failure of imagination. There’s no other way to describe it.
If McDonald’s was suddenly required to pay burger-flippers $20/hr due to UBI, McDonald’s hamburgers might go up $0.50 a piece. It is the same dynamic as minimum wage hikes.