NoCompetition;8281311 said:
What Im gettin at is a bottom of the totem pole job is just that. You cant raise the amount people make there to save them. The cost of living will just go up to compensate they will still be at the bottom without bankable skills. Thats how economics work. Trying to make a bottom job something else is the error. It is what it is. Seems simple to me maybe im just fortunate to understand the reality. But again I do support raising minimum wage but not to where it begins to have negative consequences and backfires due to inflation and inevitable higher prices.
Because what you're missing is the part that wages haven't increased along with the cost of living. There used to be a time where people at the bottom were still able to afford to feed their families and pay a mortgage and have a car. Companies have found a way to charge more across the board, pay less to their employees, and have less employees to pay.
The cost of living has increased and continues to increase... while wages increases have stagnated and that's a path of destruction.