uselesslegs
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« on: September 06, 2011, 01:40:19 pm » |
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Minimum wage is the least amount possible that one can be paid and still "make it" in a particular economic environment as measured against cost of living...or at least it's suppose to be. Several jobs, not a single job using the current minimum wage numbers, are required to make this a true statement in our current economic landscape...and that statement is only true in the most narrow sense.
Prices for goods and services are not, and never will, readjust back to levels that make Minimum wage viable against the cost of living. We move forward, never backwards (unless it's assaulting women's rights or science).
No attempts have been made, nor will be made anytime in the future, to address and remedy the "investment" brand of capitalism that "produces" very little (if any) jobs...and keeps cash out of the general economy and instead keeps it in a closed loop, that builds upon itself to benefit only those within that loop who do not use it as a betterment (jobs) and they also pay very little in capital gains...but the accumulation and extraction of the wealth is very real and continues.
We're in the "me" time right now. Me times says you can profit (via favorable lobbied legislation), at the "expense" of the economic stability you derive your wealth from, instead of profiting while keeping the economic stability viable.
The effects(affects?, I always fuck that up) roll like a giant shit ball down hill and the end result is small business owners, who are the last line of defense for jobs, struggle against an environment that is removing the bulk of their business...customers. Those customers can no longer afford their goods and services on minimum wage and the small business owner has a difficult time paying minimum wage and making profits.
So we end up with two types of loops. One loop cannibalizes the economy, for profit, at the expense of societies stability...and the other loop (a direct result of the first loop) cannibalizes itself, trying vainly to profit, in a medium that keeps removing their source of stability.
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