Yapping Yak

THINKING ALOUD

Eliminate Minimum Wage and Wall Street “Minimum” Pay

Wow, they said it before … in Jan. of 1987, and we still have a minimum wage law. I don’t understand how sitting at a place doing nothing, purely serving as a human fixture, sometimes can earn you the minimum wage, and working hard like a dog as a young lawyer earn you 5 bucks more than minimum wage.

R has disseminated this idea in a bar talk over left-over nachos and crappy draft, which I mentioned here.

I know there are an infinite number of chain loops between overpaid min wage earner and sad aspiring lawyers, but

1) I believe in the organicity? organism in the societal economics; it’s a formed opinion, and I don’t have evidence ready to back it up;

2) the big firm’s “min wage” of 160k for the undeserving lucky few (not really, some are really brilliant, but 160k still lotsa money for the work they do), works in the same manner as higher min wage being a barrier for the entry-level people.

Not that I don’t want buckets of money. So reform after I got a job. Thanks!

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