A simple fact:
in 1975 the minimal wage was $5.15
in 2019 the minimal wage is $7.25
Well, $5.15 adjusted for inflation would be $24.33 today, so $15 number is not crazy.
Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).
The rich are different..., but I liked him more during drinking period...
in 1975 the minimal wage was $5.15
in 2019 the minimal wage is $7.25
Well, $5.15 adjusted for inflation would be $24.33 today, so $15 number is not crazy.
Bob surely produces mixed messages (like paying 1% for 7 fig btc tx is OK, but $15/hr for MickeyD is too much).
The rich are different..., but I liked him more during drinking period...
I had to look this up bc I remember making 4.25 in high school decades after 1975.
Looks like minimum wage was 2.10 in '75.
I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price. This prices out some people out of the work force against their will. I see it as somewhat useful in a fiat currency system where the workers are getting constant de facto pay cuts each day as the currency is debased through money printing. These workers cant negotiate pay raises fast enough to keep up with the de facto pay cuts.
When Bitcoin is the global reserve currency and all sane workers demand to be paid in Bitcoin, de facto pay cuts will be a thing of the past and minimum wage wont be useful at all. Workers will have all the bargaining power. Begging bosses or govs for raises each year wont be necessary as workers will have de facto pay raises as the currency gains value. When Bitcoin gains value too fast for some employers to successfully stay in business, then employers will have to come hat in hand and beg the workers to take less Bitcoin so they can stay in business.
This change in the power dynamic of employee/employer wage negotiation will usher in a prosperity the world has never witnessed.
6k soon.