Hey, just FYI minimum wage is absolutely supposed to be able to support a person and if it had kept the pace with inflation it would be $24 an hour today.
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I mean I think we should abolish the minimum wage so we're heading in the right direction
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There’s a lot that should be done in conjunction; my intuition (could be wrong, stuff is complicated) is that we have too much supply of workers and not enough demand for there to be real competition by companies; we should remove more barriers to entrepreneurship
Dan Price writes tirelessly on this, and his company is a real life example of paying workers a living wage. You don’t think it’s possible for more companies to do this?
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I get messages like this every day since our $70k min wage in 2015. Fellow CEOs assume we went under. When you Google our company an auto-fill suggestion is "out of business."
In fact, since the min wage our biz tripled & we're a successful case study at Harvard Business School.
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Absolutely it’s possible and it seems important to encourage and support this when it happens. My problem is with force, not with paying people high wages.
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Another example is the billionaire CEO of Chobani...he pays his employees twice the federal minimum wage. These are entrepreneurs who are pro-employee and pro-living wage. Entrepreneurs of companies that are profitable while still ensuring their employees are cared for.
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I love that! They probably have significantly better employees too. I’m for abolishing a minimum wage but extremely for stuff like this, he’s amazing.
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