Mandatory Minimum Profit Sharing is even better than minimum wage. Because then it’s tied to an individual business, and there can be no complaints that it would put them out of business. Because if their business is failing so hard it can’t turn a profit then that would mean they are allowed to pay workers less, but if no worker agrees to that low of a wage then that business deserves to fail. If instead they are lying and have big profits, they are forced to pay the workers more. It then actually becomes a free labor market.
Yeah I always found that weird too, just tie it to inflation.
Mandatory Minimum Profit Sharing is even better than minimum wage. Because then it’s tied to an individual business, and there can be no complaints that it would put them out of business. Because if their business is failing so hard it can’t turn a profit then that would mean they are allowed to pay workers less, but if no worker agrees to that low of a wage then that business deserves to fail. If instead they are lying and have big profits, they are forced to pay the workers more. It then actually becomes a free labor market.