| DJEVOLVE said: The money comes down from the top. Meaning CEO's and exacts will give up pay. Pay goes up by 30% as price will only go up by 10%. This is a talking point that has no facts. It's just a talking point. Every time we have raised the minimum wage the economy has grown. However since the 80's pay has been stagnet, so we don't get paid as much as we used to including inflation. So great that you want to beat up on workers as the pay of the rich has skyrocketed. The government used to also pay for 80% of tuition, now it only covers 20%. So we are all getting the shaft and you like that? All good paying jobs also pay less then they used to. A lot can be contributed to free trade deals on both sides of the isle. |
CEO's and exec's have more demanding jobs than a fast food cook, and there are fewer qualified candidates for those positions. Thus, it makes sense that they are paid more. The difference between the two is, of course, up for debate, and one that is irrelevant here.
Why will they give up pay? If your answer is government, why not just make everyone's wages equal? If that is a bad idea, at what point is the difference between rich and poor acceptable?
Sure. The growth of the minimum wage hasn't matched inflation. The minimum wage was (according to constant 1996 dollars as represented here), $5.90. The minimum wage apparently comes out to $4.97 today. So, the minimum wage has not been stagnant, it has declined since 1980 (and fluctuated greatly in between). But we have certainly experienced economic growth since then (if GDP is acceptable to you, this is a graph that Google has provided me. I have not checked sources). I do not see the correlation between minimum wage and economic growth that you have asserted. Can you please provide data for it?
Please don't make comments about what I desire. I have not stated a desire to beat up on anyone. That is insulting and dishonest of you to make such assertions.
I did not mention tuition.
Do you have data for a decline in the salary of "good paying jobs," and how do you define what a good paying job is?
Also, I don't do talking points. 
