If that were true there would be no resistance to raising the minimum wage. The ... | Hacker News

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linspace on Oct 10, 2020 | parent | context | favorite | on: If pay had kept pace with productivity gains, mini...

If that were true there would be no resistance to raising the minimum wage. The truth is that it redistributes wealth.

rbg246 on Oct 11, 2020 [–]

What's wrong with redistribution? You make it sound like a sin.

The last forty years has been redistributing profits from labour to capital.

There is nothing at all wrong with reversing that.

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