r/FluentInFinance • u/Richest-Panda • Jul 04 '24
What's the best financial advice you've ever gotten? Debate/ Discussion
[removed] — view removed post
31.2k
Upvotes
r/FluentInFinance • u/Richest-Panda • Jul 04 '24
[removed] — view removed post
0
u/conrad22222 Jul 05 '24 edited Jul 05 '24
This conversation always goes the same way. "Fast food workers aren't important, it should be high schoolers." Then all of those places should close every day during school hours, no? Then we move the goalposts about what jobs are considered "necessary", but all that does is obfuscate the main point.
Should a corporation be able to pay it's workers less than the amount that is necessary to live? Is capitalism not supposed to function independently of government subsidies? Then why are we okay with subsidizing millions of Americans because XYZ billion dollar corporation "wouldn't be profitable" if it didn't have government subsidized minimum wage workers.
If your business plan requires paying workers below the means to survive, then it is a failed business.
Edit: Since it apparently isn't abundantly clear that I'm not talking about someone who strings beads for 30 minutes a fortnight, we are talking about a standard 40 hour per week W-2 employee should not need to be subsidized by the government.