/liberty/ - Liberty

>>86418

No. Inflation is used to keep the system going right now. You can put only so many upcoming generations in debt to pay for your gibs. It's unsustainable because it's a malinvestment that incentivizes further malinvestment, not because we just don't have enough wealth to throw in the garbage. Nothing can make it work.

>could the minimum wage actually sustain a single person with basic services in the United States?

Of course, easily.

If people who complained about this sort of shit realized that living in a big city is not an absolute necessity.

>>86421

Our education and culture is centered around "getting a job." And you get that in the big city. Entrepreneurship, unless you're a well educated and wealthy, is completely eradicated save for select few. Add regulations and taxes a small business can't handle and you are plenty enough discouraged.

oy vey

"minimum wage" is a show for homo sovieticus to think that government will solve the problems it created in the first place

>problem? poverty

>source? taxation

>(((solution?))) inflation.

Do you think the amount of poor people (not niggers) would be the same if they could buy 17-30% more food/services/gas and earned 23-40% more money?

>>86424

"HOMO" LOL

>>86421

This honestly. I live in a large city on the outskirts making about $2 above minimum wage and I get by just fine.

The only the time the minimum wage has coincided with the bottom brackets earning a livable income was when it was wiped out by inflation and rendered meaningless. During that time youth unemployment was at historic lows and black employment was actually lower than white unemployment. The minimum wage just prices emergent labor out of the market and restricts hiring. It's a de facto price control which overvalues some kinds of labor above their market worth. A mandatory living wage would be good enough absent inflation for the people who get hired, but we must account for people who can't find work because of the minimum wage.

>>86422

>"getting a job." And you get that in the big city.

Have you ever left the city? What…what do you think happens outside of the big million+ metropolises? That they're big empty deserts where you only need three employees to run all the tractors across countless acres and another ten to run the iron mine in the Middle of Nowhere, Fucksville, upper Michigan? And then one park ranger to make sure nobody shits in the Utah desert?

There are loads of jobs outside of the cities.

Now, if your point was, "Getting a high paying job," fine, I can see the cultural point you're making. But that's changing the discussion from minimum wage jobs.

The minimum wage should be a livable wage. Dual-income households are a blight on society and need to stop. Women should've never been allowed to enter the workforce.

>>86430

>who can't find work

The best bet is to gradually raise the minimum wage over time. Yes, suddenly doubling it from 7.25 to 15 would absolutely decimate small businesses with their already small margins, but if you do it slowly enough, you put more money into the hands of people who will spend it rather than invest it, thereby allowing more of them to participate in the economy. Small businesses will see more income as consumer confidence increases and will be able to afford higher wages for their workers.

>>86454

>"If you slowly shove a knife-dildo up his ass, it will cause less damage than ramming it up in there"

>>86421

>trying to get urbanites out of the city

Don't even try, they are too far gone. Most of them actually like it and even want to move to an even larger city. Their reliance on public transit will make them think "oh government is great building me all of these things" and they will keep voting for more because not only do they not like freedom they can't even comprehend it.

>>86460

Cities are essentially prisons.

>>86452

>The minimum wage should be a livable wage

"Liveable" is a completely subjective. You can stay alive far less than the minimum wage, especially depending on where you live, as prices are not universal.

>>86515

*a subjective definition

In the early US the natural deflation (increase in the value of money thanks to US economic power) was enough for retirement.

Also, with a strong market (i.e. anything approaching an actual "free market w/ basic rule of law) wages are driven up so quickly that the idea of a "minimum wage" that fails to meet a legit definition of "a living wage" is nonsensical.

Also, why centralize currency at all? Maybe a minarchist government might require a few ounces of gold per person per year, but no need to use force to force people to use some centralized currency IMO, especially if the people naturally would adopt something else.

>>86468

varg is it you?

With some quick and dirty math, I used the minimum wage in my state, $7.25, and the average cost of rent and groceries per month here ($750/mo and $300/mo) respectively, and the average cost of water and electricity is about $50 each. So, if a person works 40 hours a week for four weeks a months, that's:

7.25 x 40 x 4 = $1160

and then subtracting expenses

1160 - 750 - 300 - 50 - 50 = $10

So yes, you can barely scrape by on minimum wage assuming you live the lifestyle of an average American and don't have any unexpected expenses. Of course, there are a number of ways to cut down on cost, like finding a cheaper than average apartment, working more than 40 hours a week, getting a roommate, or eating less.

Also every single job I've ever worked has never offered minimum wage, and it's not like I'm educated or anything. It's always been higher, never less than 10/hr

>>86418

The vagueness of the question could lead either way, what is "basic services"? Progressives are constantly expanding what is considered necessities. Now basic necessities include a car, internet, a computer, a phone, air conditioning, and usually including excess income to indulge in recreation or whatever. But if you just want to put a roof over your head and food in your belly you could do that on a minimum wage, not to say without a minimum wage you couldn't do that.

>>87869

I worked a couple minimum wage jobs but there's usually a low-skill job with higher pay available to people working minimum wage. From what I've seen the vast majority of people working minimum wage jobs are teenagers, college students, or immigrants with poor English. A few old guys here and there just doing it to keep themselves busy after retirement. But there's always an alternative, instead of working at McDonald's you could work at a more demanding but higher paying restaurant or if you work at Walmart you could instead work at a warehouse or rail yard. Construction jobs actually pay really well, too. Most people who are going to stay uneducated probably go into the more demanding jobs, so I'd expect the income after everything to be a little higher than what you calculated.