> workers provide "no value" is too business-focused and incompassioante
By creating the minimum wage floor the government enforces the notion of value creation. With hypothetical example of minimum wage set at $10 an hour everyone producing $10.01 worth of value within a 60-minute period gets to stay, everyone producing $9.99 and below gets to leave.
Compare that to Asian societies where some companies have an [usually older] tea and coffee lady in the break room. The pay is usually next to non-existent - the lady is usually retired and has a variety of savings and a safety net. She doesn't do it for a paycheck, but she craves human contact, so helping out with tea and coffee while chatting to younger employees is fulfilling her social (but never financial) needs at that age.
Such a position is impossible in US corporate environment within the current framework of labor laws, so we deny older people gigs with simple communication opportunities. Not necessarily because US companies are generally more evil and stingy.
"Compare that to Asian societies where some companies have an [usually older] tea and coffee lady in the break room. The pay is usually next to non-existent - the lady is usually retired and has a variety of savings and a safety net. She doesn't do it for a paycheck, but she craves human contact, so helping out with tea and coffee while chatting to younger employees is fulfilling her social (but never financial) needs at that age."
When I used to live in Singapore I saw a lot of miserable looking hunchbacked old ladies and men cleaning food courts and they were for sure doing it for financial reasons:
The worst part is the excuse - the country is staggeringly wealthy, vastly unequal and yet excuses itself with "we can't afford these pensions any more" because "we have fewer children and higher life expectancy", presuming that GDP growth has obviously been zero for the last 40 years and we just haven't noticed that the money actually is there.
By creating the minimum wage floor the government enforces the notion of value creation. With hypothetical example of minimum wage set at $10 an hour everyone producing $10.01 worth of value within a 60-minute period gets to stay, everyone producing $9.99 and below gets to leave.
Compare that to Asian societies where some companies have an [usually older] tea and coffee lady in the break room. The pay is usually next to non-existent - the lady is usually retired and has a variety of savings and a safety net. She doesn't do it for a paycheck, but she craves human contact, so helping out with tea and coffee while chatting to younger employees is fulfilling her social (but never financial) needs at that age.
Such a position is impossible in US corporate environment within the current framework of labor laws, so we deny older people gigs with simple communication opportunities. Not necessarily because US companies are generally more evil and stingy.