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Antiwork

$15/h = $0/h: The Problem with Minimum Wage

Reminder: This is simplified for clarity. To start off, the value of a dollar can be represented by these equations. 5d = 1p, if d < p, d = 0, The cheapest item on the market (p) costs five dollars (d). Since the value of d is based on the price of p, if you cannot afford p your money has no value and is worth 0. For example, your monthly cost of living is $3000 and you have been paid $2640 ($15/h, 40 hours a week, 22 days). This includes all taxes and surprise expenses. Lets redefine the variables above to W and C (wage and cost of living). c = $3000, w = $2640, if w < c, w = 0, Because your wage is lower than your cost of living for the month, it is worth nothing.


Reminder: This is simplified for clarity.

To start off, the value of a dollar can be represented by these equations.

5d = 1p,
if d < p, d = 0,

The cheapest item on the market (p) costs five dollars (d). Since the value of d is based on the price of p, if you cannot afford p your money has no value and is worth 0.

For example, your monthly cost of living is $3000 and you have been paid $2640 ($15/h, 40 hours a week, 22 days). This includes all taxes and surprise expenses. Lets redefine the variables above to W and C (wage and cost of living).

c = $3000,
w = $2640,
if w < c, w = 0,

Because your wage is lower than your cost of living for the month, it is worth nothing.

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