Workers would be hurt by minimum wage hike

submitted by dcjogger from pantagraph.com

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[–]Only71Genders 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

Lmao please read your article. That ratio is referring to those companies. If that ratio referred to all CEOs, then that would amount to more income than what exists in this entire country combined. Don't talk down to people unless you are sure you are right. Looking at the sources first is a good start. Or just don't talk down to people at all.

[–]astronautrob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

No one is talking down to anyone, don't try the victim card my friend its just a conversation. Look the point is the whole article is not based on the top 350 companies, it makes other points. The fact that worker wages have stayed stagnant while ceo pay has risen is a fact idk where the confusion is coming in.

[–]Only71Genders 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

" You can do better" is considered talking down in any place I have ever been to. But you knew that. The statistics you were referencing in that article were based on those 350 companies and the author was being deliberately misleading. Also know as lying.

I share a concern that worker's wages have stagnated. I'm a worker ffs. I just don't think lying is a the best way to address the topic. Almost like they do it on purpose to get people fighting so the true problem doesn't get solved. Just a theory, of course.

[–]astronautrob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Again who is fighting? "You can do better" is not a put down where I come from, its more of a motivational sentiment. Like "come on lets go bro you can do better". I love when people have good debate but the first link you posted was literally the first search on google. So imo you could of done better. Now the .gov link is very interesting. Honestly I'm not here to argue about min wage increase, I think gov intervention is anything is misguided, but the idea that it "hurts the works" is just a cliche. I don't see it as lying if the main topic of an article is to express the idea that ceo pay has risen by a lot while worker pay has stayed stagnant. That's really the point of this whole discussion. The numbers are just numbers the fact that ceo pay has risen &worker pay hasn't is the issue. Whether raising min wage fixes it, i highly doubt it, doesnt really concern me because i dont see it as a lasting solution even if it does. The issue of class inequality goes much deeper, its not going to change it people make 12 or 15 per hour. The rich will get richer unless major things change.

[–]Only71Genders 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

"Again who is fighting" Our entire country. Left vs right or workers vs the "rich" or whoever else. It's constant.

Your "you can do better" comment was on a different comment thread and unrelated to the link I posted in the other thread, after you went on about my supposed misunderstanding of YOUR link. If you're really trying to act like you weren't talking down to me, then I am calling you an outright liar. Meanwhile, I don't use Google, but what relevance would that be? My original link was very close to the official statistics.

Anyways, the problem with dishonest articles is that CEO pay has not actually gone up anywhere near that scale. Misrepresenting that is dishonest and doesn't solve anything. It creates a resistance, and fighting amongst the masses. If they can't be honest, then they shouldn't write anything.

My issue with pushing minimum wage up in tiny increments is that it doesn't actually help the working class poor. Strong labor unions were what brought us out of the dark times, and we need them again. Pushing up minimum wage is just a way to keep the poor from unionizing again. And to keep them shutting up long enough to get a new leader elected. And those big businesses will thrive while tiny businesses suffer and shut down under rising minimum wages.

Meanwhile, if the CEOs of those top 350 companies worked for free, it would barely change the financial position of the employees. Dozens to hundreds of extra dollars a year. But if the government returned the portion they tax from corporations to the businesses' employees, it would give millions to employees of some companies. So who is really hurting the poor?

Final thought. If you want to see who is actually getting rich from corporations, look at the major shareholders and financial institutions (that hold large portions of shares) and remember that their tax rate for capital gains is lower than the marginal tax rate of a middle class wage worker. Remember that neither republican or democrat tries to change this. Neither side, not even socialists like Bernie, have tried to raise cap gains tax to match income tax. Why is that?

[–]astronautrob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's funny you put rich in quations like it's not a real group of people. To answer the first question, the rich are hurting the poor, which in includes politicians, or at least they are funded by them. Which alao answers the second question. Again we're skirting around the point. The fact that ceos, shareholders, bankers, no matter what their jobs are can make x amount in this country while a worker makes x amount is the problem. The fact that top earners wages have risen x amount more while workers have stayed stagnant is the point. To try & nickpick the issue does not negate the biggie situation. There is a huge class discrepancy thats getting bigger. The rich are getting richer, period. Min wage hike wont fix that but it at least gets the conversation in the ballpark. Edit i do agree that it might be a ploy to get people to not unionize, which also needs to be in the conversation but they aren't mutually exclusive in my eyes. Talking about pay discrepancy& whay not can lead to a conversaiton about unions & workers right.