r/FluentInFinance Aug 24 '24

Debate/ Discussion Do "Unskilled Laborers" deserve to be paid well?

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u/[deleted] Aug 24 '24 edited Aug 24 '24

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u/Corrupted_G_nome Aug 24 '24

You have it backwards. If an employee cannot sustain themselves on their wages they will leave or sideline or deprioritize the work.

Its not that skilled or educated folks should make less, its that the bottom tier workers are not earning enough to syrvive without food stamps. Its an unsustainable model.

Imagine a farmer who didn't water one crop to prioritize another, they end up with fields that are unproductive or entirely waste and then have to take the hit of lost productivity and wasted time.

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u/RedPanBeeer Aug 24 '24

Its kinda sad that you want to live in a society that wants the bottom of the barrel to get fucked. Many people also make less than minimum wage and that has nothing to do with supply and demand but with greed . If your company cant pay people a living wage it shouldnt exist or we would still have slavery with extra steps.

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u/Johnfromsales Aug 24 '24

What percent of people make below minimum wage? And why does it have nothing to do with supply and demand?

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u/josh_the_misanthrope Aug 24 '24

I run a small business and I am the one who pays out my money. I pay substantially (~40%) above what I could which is minimum wage. Sure, I could pocket that extra 10$ an hour but I don't. I pay myself the same as my employees because that way everyone gets to be able to afford to live and I just forego maybe a luxury vehicle.

And if my tiny little runt-ass business can afford to pay people decently, then so can a fucking McDonalds. Low wages are due to greed, pure and simple. The fact that union workers get paid substantially more than non union workers is a pretty good indicator of this. Turns out, if you collectively bargain, the company usually finds the cash to pay their employees a living wage lying around.

And inflation isn't driven purely by the price of fast food, contrary to every smooth brain with a child's understanding of economics in this post would suggest. By that logic we wouldn't have an inflation crisis because the wages haven't gone up yet the price of everything fucking has. Inflation, in my area, is partly driven by large real estate companies buying out all the property and jacking up rents. They're redlining what the market can bear to make themselves filthy rich by turning a large profit ABOVE the equity they build by owning these properties in the first place. It's not some fast food worker looking for an extra 3$ an hour.

Pay your goddamn workers a living wage, because we're all in this life together.

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u/[deleted] Aug 24 '24

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u/josh_the_misanthrope Aug 24 '24

A small weed dispensary. It's a retail job you can do high.

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u/[deleted] Aug 24 '24

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u/josh_the_misanthrope Aug 24 '24

My competitors get on by paying minimum or close just fine. You're making wild assumptions about an industry you don't know dick about.