Politicians aside, I think that the vast majority of people pushing for a higher minimum wage are well intentioned. A good example of this is Nick Hanaeur in his recent article about how pitchfork’s are coming for the 0.01%. His article garnered an incredible amount of attention, and rightly so, but was in my opinion greatly lacking in solutions. While he accurately identified the perilousness of the current transformation of America into an undemocratic oligarchy, his primary solution revolved around raising the minimum wage. This is a superficial and largely meaningless answer to a symptom of a very structural problem.
If you want to solve structural problems you need structural solutions, and raising the minimum wage is not a structural solution. In case you missed it, I outlined my thoughts on the matter in the post: The Pitchforks are Coming…– A Dire Warning from a Member of the 0.01%.
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