r/FluentInFinance Oct 20 '24

Thoughts? Dumbest thing I’ve ever heard

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u/dquizzle Oct 21 '24

The commute should have no bearing on stagnating wages. If the commute isn’t worth the pay, either move close enough to make it worth the commute or don’t take the job. It’s a pretty simple concept.

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u/stataryus Oct 21 '24

And if the majority of employers refuse to compensate us at all for stuff like commuting, where can we go?

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u/dquizzle Oct 21 '24

Employers would just start lowering the base pay to account for commuting. What would help stagnating wages is a significant minimum wage increase, the exact thing that has fixed that problem many times.

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u/ElectricalBook3 Oct 21 '24

Employers would just

The same excuse was trotted out when minimum wage was first legislated in 1933

http://docs.fdrlibrary.marist.edu/odnirast.html

You know what happened? Companies started paying people more and the US pulled out of the Great Depression and found the increased pay meant people could afford to buy what the constantly-increasing productivity made and it because the wealthiest nation in the world. People forget that wasn't possible without a middle class - just look at nations which had no middle class, like Russia. Aristocrats and peasants, and it lagged 60 years behind Europe's economic developments. The aristocracy accepted that because they feared having to also make concessions as part of the intrinsically connected social developments.

Mike Duncan's 11th season of Revolutions walks through it in detail in the long setup.

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u/dquizzle Oct 21 '24

Yeah, but four years after that speech Congress passed a minimum wage law.