this post was submitted on 02 Jul 2024
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Housing Bubble 2: Return of the Ugly
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Please read where I said minimum wage needs to be raised.
I agree that minimum wage should be raised and should provide a basic standard of living.
I worry that if the wage isn't an attractor or the same skills have significantly higher value in the private sector, then the right people will be less likely to want to do it. And not out of selfishness, but out of wanting to provide more than the basic standard of living for their family.
It's hard to justify passion work even if it pays livable wages (which an increased minimum wage should) if you might work fewer hours for more money and have more time to spend with your family.