minimum-wage

Exploitation. Now, there__ a word that has been scrubbed out of the poverty debate. 42 It is a word that speaks to the fact that poverty is not just a product of low incomes. It is also a product of extractive markets. Boosting poor people__ incomes by increasing the minimum wage or public benefits, say, is absolutely crucial. But not all of those extra dollars will stay in the pockets of the poor. Wage hikes are tempered if rents rise along with them, just as food stamps are worth less if groceries in the inner city cost more__nd they do, as much as 40 percent more, by one estimate. 43 Poverty is two-faced__ matter of income and expenses, input and output__nd in a world of exploitation, it will not be effectively ameliorated if we ignore this plain fact.

A person's right to a job is as specious as his boss' right to success in business. There is no right to a minimum wage, just as there is no right to success in self-employment.

Clockers" asks--almost in passing, and there's a lot more to it than this--a pretty interesting question: if you choose to work for the minimum wage when everyone around you is pocketing thousands from drug deals, then what does that do to you, to your head and to your heart? (Hornby's thoughts after reading "Clockers" by Richard Price)

Both political parties have moved to the right during the neoliberal period. Today__ New Democrats are pretty much what used to be called __oderate Republicans._ The __olitical revolution_ that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the _50s and _60s, the minimum wage__hich sets a floor for other wages__racked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.

When you think of the amount of turnover and profit made by most companies in this country - and especially the big chains, it's a shame that they pay their employees minimum wage and no more than that. What that really says is: 'We're paying you minimum wage, because we're not allowed to pay you any less.

The cry for an equality of wages rests, therefore, upon a mistake is an inane wish never to be fulfilled. It is an offspring of that false and superficial radicalism that accepts premises and tries to evade conclusions. Upon the basis of the wages system the value of labouring power is settled like that of every other commodity; and as different kinds of labouring power have different values, or require different quantities of labour for their production, they must fetch different prices in the labour market. To clamour for equal or even equitable retribution on the basis of the wages system is the same as to clamour for freedom on the basis of the slavery system. What you think just or equitable is out of the question. The question is: What is necessary and unavoidable with a given system of production? After what has been said, it will be seen that the value of labouring power is determined by the value of the necessaries required to produce, develop, maintain, and perpetuate the labouring power.

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker__ productivity worth that amount__nd, if it is not, that worker is unlikely to be employed.