gummbo70114
Pro-Bowler
Offline
This is exactly what I had stated in one of my other post, it’s the human condition of wanting more and more and more, and not being satisfied with just enough.I really don't want to get into this, but the problem is inflation and the fact that corporate greed won't allow you to raise wages for the lowest skilled jobs (or any jobs for that matter) without it resulting in inflation.
If you pay a Walmart greeter and other similar jobs $75K per year then there will be massive inflation and $75K per year will quickly become less than a living wage. So, it's much more complicated than you are implying. In fact, in the end, the real issue is probably inflation, not actual wages. The value of money is what needs to increase but, of course, that is easier said than done when companies large and small care so much about making more profit.
I don't have the solution to this because it is incredibly complicated. Constantly increasing wages only makes the cost of things go up and it means no matter how high the wages go, some people will still not make a living wage because the value of the money they make is ever decreasing due to company's increasing the cost to continue making crazy profits despite the increase in their cost.
Even starting a Socialist revolution and seizing the Walton family money and re-distributing it to the masses will result in the same inflation and the same problems with greedy people wanting more than other people. The problem is people and their inherent greedy natures, not any specific economic or social system.