The $70,000 Minimum Wage Experiment Reveals A Dark Truth

  • metta

    Posts: 39099

    Oct 09, 2015 4:50 PM GMT

    The $70,000 Minimum Wage Experiment Reveals A Dark Truth

    "But it speaks to a certain psychological element that we see in many aspects of society — lots of people are only happy with success when it means that others around them are worse-off. It’s “crab mentality” at its finest — the view that the world is a zero-sum game, and that instead of everyone being better off, we need to have some losers."



    http://www.cheatsheet.com/money-career/the-70000-minimum-wage-experiment-reveals-a-dark-truth.html/?a=viewall
  • Posted by a hidden member.
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    Oct 10, 2015 3:32 AM GMT
    Why would I go to school to learn a profession when I'll only be making the same money as the receptionist or janitor who are working for the same company?
  • KissTheSky

    Posts: 1980

    Oct 10, 2015 4:23 AM GMT
    UndercoverMan saidWhy would I go to school to learn a profession when I'll only be making the same money as the receptionist or janitor who are working for the same company?


    To do something you're good at and enjoy?
    To do something that you find fulfilling and gives your life meaning?
    To do something that helps people and makes our society better?
  • Posted by a hidden member.
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    Oct 10, 2015 5:31 AM GMT
    KissTheSky said
    UndercoverMan saidWhy would I go to school to learn a profession when I'll only be making the same money as the receptionist or janitor who are working for the same company?


    To do something you're good at and enjoy?
    To do something that you find fulfilling and gives your life meaning?
    To do something that helps people and makes our society better?


    icon_rolleyes.gif

    When people go to school they are foregoing present income for future earnings in the hopes that the return on their investment in education will pay off down the road. If I can never hope to make more than the receptionist and janitor who haven't invested any time or money in education, I'd be a fool to waste time and money on higher education.
  • Posted by a hidden member.
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    Oct 10, 2015 6:05 AM GMT
    KissTheSky said
    UndercoverMan saidWhy would I go to school to learn a profession when I'll only be making the same money as the receptionist or janitor who are working for the same company?


    To do something you're good at and enjoy?
    To do something that you find fulfilling and gives your life meaning?
    To do something that helps people and makes our society better?

    Agree!!