Genuinely, if you have something to teach I’m all ears for my personal betterment.
How do we ensure everyone gets a livable wage without redistributing the wealth of the rich, mandating a higher minimum wage, or increasing inflation and since you mentioned housing, make that affordable without gutting the value of existing housing which will make existing home owners upset.
If the answer is tax cuts for the rich “job creators” so they might spend some of the savings on employees instead of pocketing it, we’ve had decades for that to work.
> You're trying to solve the problem that people aren't being paid enough by passing a law that literally says they have to be paid more
If a company is profitable and chooses not to share their profitability with their employees then I have no qualms with this anymore than I do with the current minimum wage law, which was created for a reason and the world did not burn down as a result.
Businesses are more profitable than ever, employees more productive than ever, they had their chance to do this on their own and avoid gov interference and they blew it. We can argue the details of that intervention but the market isn’t going to correct this.
> These things are two sides of the same coin. The increase in wages is the same as the increase in costs, so if one of them is small then so is the other one and if one of them is large then so is the other one.
It’s not 1/1 increase and labor is not the only cost. If 5 employees make an extra $1 the price of a burger doesn’t go up $5.
If 5 employees build a million dollar house the cost of the house doesn’t go up if they get paid $7 extra because the cost is tied up in material/licenses/etc, not labor.