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originally posted in:Secular Sevens
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12/17/2013 9:40:56 PM
109
Can pure capitalism exist without exploiting the poor?
All the talk of raising minimum wage has got me thinking. While, personally, I don't believe that fast food workers should be making $15/hr, I do believe that working full time at minimum wage job should at least put a roof over your head, clothes on your back, and food on your table. The minimum wage should be increasing at the same rate as the cost of living.
The US federal minimum wage is $7.25/hr, which was last adjusted in 2009 - nearly 5 years ago.
People working minimum wage jobs [i]need[/i] those cost of living adjustments.
Letting the free market determine what something is worth is a basic principle of capitalism, yes? If the free market decides that someone flipping burgers is worth $3/hr, that person is screwed. The unfortunate part of this situation is that $3/hr is better than $0/hr, even if $3 wont buy you shit, so people will take those jobs.
Capitalism is inherently emotionless. At what point does one put aside their capitalistic intentions and exhibit compassion in taking care of their workers?
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2 RepliesRead Grapes of Wrath. Unless you have already, in which case you should reread it. Then think, of the orange farmers and the winners and family as losers. It sucks, because you know the family so well. In essence, capitalism pushes that notion. Anyone, however can be a winner, don't feed me that bullshit about set classes and how 99% of wealth is controlled by 1% because that's not the problem. The problem is that everyone is too good for their job and don't want build a career. I don't need a -blam!-ing million dollars. It would be sweet...so sweet, but I can support my family with 43k a year comfortably in the city we live in now. I'm 25, so I've got plenty of room for economic growth, on top, of the fact that my wife finished her degree and will be working soon. If she brings in another 20k a year, which is low, but it's more than the girls and boys who whine and quit their jobs. 64k a year, living in the same, house with both cars paid off and balanced credit bills. That's middle class winning. That's capitalism: competition and the drive to win.
