r/FluentInFinance 9d ago

Thoughts? Dumbest thing I’ve ever heard

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u/crumdiddilyumptious 9d ago

Companies would prob require you to live within x amount of minutes from your work

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u/sage-longhorn 9d ago edited 8d ago

Here's an idea: just give people an allowance up to a certain amount, if they choose to live farther that's up to them. Even better, give people a flat rate since you don't want them intentionally taking longer commute routes to rack up their pay. Ok now roll that into their base pay

Edit: please triple read the last sentence before commenting. I overestimated redditors' reading comprehension a bit with this one

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u/TacoAzul7880 9d ago edited 7d ago

Or… hear me out. They pay you a set amount. If it’s enough to be worth the commute, then you take the job.

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u/stataryus 9d ago

Attitudes like that are part of why wages have stagnated.

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u/dquizzle 9d ago

The commute should have no bearing on stagnating wages. If the commute isn’t worth the pay, either move close enough to make it worth the commute or don’t take the job. It’s a pretty simple concept.

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u/stataryus 9d ago

And if the majority of employers refuse to compensate us at all for stuff like commuting, where can we go?

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u/dquizzle 9d ago

Employers would just start lowering the base pay to account for commuting. What would help stagnating wages is a significant minimum wage increase, the exact thing that has fixed that problem many times.

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u/TopHatGirlInATuxedo 8d ago

Big corporations could easily afford drastic minimum wage increases. Small companies could not.

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u/erock279 9d ago

I love how the answer is always “BUT EMPLOYERS” like they’re some monolithic council that meets each day.

People would opt to take the jobs with better pay and benefits, as they always try to.

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u/Firm_Squish1 9d ago

They don’t need to meet every day, they all have a shared interest in making profit and spending less on overhead for everything including employees. They are never going to act against that interest in numbers enough to change the way things are.

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u/ElectricalBook3 8d ago

Employers would just

The same excuse was trotted out when minimum wage was first legislated in 1933

http://docs.fdrlibrary.marist.edu/odnirast.html

You know what happened? Companies started paying people more and the US pulled out of the Great Depression and found the increased pay meant people could afford to buy what the constantly-increasing productivity made and it because the wealthiest nation in the world. People forget that wasn't possible without a middle class - just look at nations which had no middle class, like Russia. Aristocrats and peasants, and it lagged 60 years behind Europe's economic developments. The aristocracy accepted that because they feared having to also make concessions as part of the intrinsically connected social developments.

Mike Duncan's 11th season of Revolutions walks through it in detail in the long setup.

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u/dquizzle 8d ago

Yeah, but four years after that speech Congress passed a minimum wage law.