this post was submitted on 25 Jun 2025
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we currently have a federal minimum wage in the USA that is extremely low, but that minimum wage does not apply to servers at restaurants.
raising minimum wage, capping the ratio of CEO pay to average employee pay, and allowing everyone in the US to benefit from a minimum wage would probably get the tipping beast to slow down.
if we knew all servers were making at least $30/hr and their big boss was not making more than $750/hr (25:1 ratio - a shitty ratio for CEO pay; this would be one of the poor ones) then i think tips would be a bit rare.
Minimum wage is meaningless. Sure it is low, but it is a minimum not a maximum. Labor obeys supply and demand laws, which is why you can't find a job around me for less than twice minimum wage even though it is allowed.
If minimum wage was indeed meaningless, you wouldn't have so many capitalist fighting to get rid of it.
If businesses weren't regulated, they would bring back slavery since it is more profit on their bottomline.
The term is classical liberal. Capitalist is a strawman used by Marx to be some unrealistic thing they can knock down. Minimum wage is not compatible with the deep freedom message of of classical liberalism.
And mostly nobody is fighting minimum wage because it isn't a factor - you can't find someone willing to work for that anymore in most places anyway - which is to say supply and demand is working. They will fight increasing it because that is against the rules of supply and demand and ends up hurting the people who are the most disadvantaged.
Classical liberals were starting to fight against slavery before Mark was even born because it is not compatible with their freedom message.
Businessmen were against slavery before Marx was born as well - slavery is inefficient to a business. It is much more efficient to pay people to work and let them figure out how to get their own food and shelter. Slaves need to eat even when you don't have work for them to do. Because of this the classical liberal message of freedom was an easy one to sell to business owners since there was no cost to them anyway. (many businesses are of course inefficient and so you can find businesses that had slaves)