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this post was submitted on 27 Sep 2023
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Today I Learned
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Could be worse. 25 cents in 1938 is still only worth $5.44 today.
2 dollars of progress for 85 years... How much has productivity risen during that time?
People working for minimal wage don't produce more value. Considering advancements in mechanisation and automation over these years, their productivity has actually decreased.
Minimum Wage workers/general laborers are the literal backbone of any work force. Their value is literally instrumental to any and all industries. These industries would simply collapse if minimum wage workers are taken out of the equation. And that's without pointing out that wage isn't indicative of how important someone is to a workplace.
And automation doesn't mean much when you still need an entire force to upkeep all of those machines. And I'd bet my right arm and left leg that if wage pricing is left to corporations that they'll place said workers at minimum wage if they can get away with it.
Nope. These jobs are a waste of time and money.