| fatslob-:O said: Most of the nations or special regions you mentioned have a much higher income equality than USA aside from switzerland ... There's only 10 or so developed nations that beat the US in terms of poverty rates according to CIA world factbook out of the 34 other developed nations ? That is not what I would describe as SERIOUS income equality ... |
The USA's Income inequality is one of the highest amongst the developed world.
See here: https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#International_comparisons
Ranked 41 out of 141. Ouch!
In the end, if you are happy with the status quo, who am I to argue? I don't live there, but I do have a higher standard of living than the majority of Americans.
| fatslob-:O said: That's FEDERAL minimum wage ... I'd much rather have a robot flipping my burgers than humans if it means paying less ... |
You would not save much money.
A rise in the minimum wage will likely mean a rise for all other employment that trends higher than minimum wage, that offsets the small extra costs in your burgers, it also ensures people can have a higher standard of living, something the USA is falling behind on... And took a fairly chunky hit during the GFC.
Remember I live in a country where the minimum wage is higher than $15 (Almost $17), I am living on the other side of the divide.
Besides... A rise in the minimum wage WILL transform the lives of millions of Americans, it will completely change their standard of living... The top 1% with tax breaks and income increases? They would likely not even notice it.
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