TE
TechEcho
Home24h TopNewestBestAskShowJobs
GitHubTwitter
Home

TechEcho

A tech news platform built with Next.js, providing global tech news and discussions.

GitHubTwitter

Home

HomeNewestBestAskShowJobs

Resources

HackerNews APIOriginal HackerNewsNext.js

© 2025 TechEcho. All rights reserved.

The Capitalist’s Case for a $15 Minimum Wage

4 pointsby pauljonasalmost 12 years ago

1 comment

dossyalmost 12 years ago
&gt; &quot;The problem comes down to this: My annual earnings equal about 1,000 times the U.S. median wage, but I don’t consume 1,000 times more pillows than the average American. Even the richest among us only need one or two to rest their heads at night.&quot;<p>I still can&#x27;t believe the number of times I&#x27;ve seen this &quot;argument&quot; used, given how silly it is.<p>Why is it silly? Because, it&#x27;s saying &quot;I&#x27;m willfully ignoring the wealthy person who invests in creating a new 800-room hotel, where each room will get 2-4 pillows, each. Now, I&#x27;m a person who earns 1,000 times, and will consume anywhere from 1,000-16,000 more pillows than the average American per year, assuming the average American uses their pillow for 5 years vs. the hotel which will have to replace them annually (or sooner).&quot;<p>If you look at the spending of a wealthy person by examining their personal, individual spending, alone, you&#x27;re missing the macro effect of wealth. Look at what they spend their money on as a whole, and you&#x27;ll see that there is an inequality in value created vs. wealth - having 100x more wealth does not mean being able to create 100x more value - it&#x27;s not linear - with more wealth, you can create disproportionally more value, and that&#x27;s why the wealthy are happy to continue to subsidize the poor&#x27;s existence because overall, there&#x27;s a bigger benefit.
评论 #5921614 未加载