TOPICS 4 ANOTHER DAY
Where We Talk About Tomorrow’s Issues Today
Minimum Intentions
Minimum wage is a prime example of a policy being judged by intent rather than outcome. Those who advocate for it, amongst the citizenry, have the greatest of intentions, however, what actually transpires as a result of these intentions never meets the lofty goals of pay equality, poverty combatance, or the like. Politics and economics today are riddled with the short term and the seen. One cannot entirely blame the public for succumbing to such illusions, but folly remains folly whether accidental or purposeful. Intent means nothing when the consequence brings destruction.
Fall Into the Wage Gap
The argument of women getting paid less than men as a result of discrimination is a common theme amongst social justice and equality activist these days, however, such claims do not stand under scrutiny. Suppose women made 75% for every man’s 100%. A given business could hire less women, at the lower rate, with an equal level of output as men at the higher rate, or that business could hire more women at the lower rate for a greater level of output.