Mr Khan said:
Value produced, as you said. The value produced by these employees is higher than it was in the past, never mind that they are not personally responsible for the higher productivity. If they produce more value, they are worth more. |
You are forgetting one aspect.
Demand.
Supply for the job far outways demand to the point that if far outwipes any share of increased profits.
The real issue is... what the hell happened that these jobs are suddenly primary employment jobs.
Such jobs should only be for teenagers and those looking for a little extra money/reason to get out of the house.
Some jobs are so low skill and value that they just shouldn't be jobs that people work as a primary income source.
I will note again, that Germany has no minium wage and it hasn't devolved into some distopian shadowrun country. In fact, they generally seem to have a giant surplus of "high-wage" jobs.
I'd argue that minium wage being used to make shitty jobs liveable draws focus away from creating non-shitty jobs.
