America's 1% Has Taken $50 Trillion From the Bottom 90%

What's a living wage?

To me it's $35 bucks an hour in say New York City and $12 bucks an hour in Mississippi. So I don't know what the concern is to raise the National minimum wage is? Just raise it locally

 

And watch millions of people pour into NYC for those extra shekels.

 

They will pay the least employees will accept, and though it might be above minimum wage, which is much less than it was in 1969, adjusting for inflation, the least they will accept is approximately what the minimum wage was in 1969. But, the question is, is it enough to live on? Not in most major cities, though it may be enough in Galveston TX.

I talked to an executive of Uber, and she told me 'we pay drivers as little as they will accept" which is why, in 2013, they were paying $2 per mile in San Diego, and within three years, it had been lowered to 90 cents per mile, noting that taxis charge $3 per mile.

My point is the lowest rung, without the power a collective bargaining agent, tend to accept less than they need to live on, and corporations will pay as little as they can get away with, every time.

 

Once again we see the following:

1. false assertion that the economy is a zero sum game;

2. The usual communist blather about the worker deserving as much profit as capitalists who raise capital, implement ideas, and take risks.

3. The usual assumption that wealth cannot be invested in countries other than the US.

With response to #2 here is the usual argument of a socialist subject to an intellectually superior rebuttal.

 

If corporations are paying very little, it's because that's what their employees have agreed to receive.

 

Where would they live? Where would they get a job, your post don't make sense on so many fronts.

 

I didn't finish, what I found out on the job boards when it's $7.25 they start off a few bucks over, but when it's a high minimum wage it's only at the minimum wage they start you off at.

 

Has "but where will we live?" ever stopped people migrating to cities to make money? In all of recorded history?