Note from Dan: NU Scott is a small business owner who posted this provocative mini-rant on the Labor Day OPEN thread. I didn’t want it to get buried there.
Labor unions and minimum wage actually devalue labor. When each person is paid the same rate simply because they are hired it leaves no room to compensate the high achievers with better pay and benefits.
If you are rewarded simply because you stay at a job long enough the true producers pay the price. There is no money left to honor the WORKER because you have had to pay the LABOR for being at the job. There is something inherently wrong with a worker filing a grievance on a supervisor who is helping them get their work done.
As a business owner I pride myself in paying a wage that is reflective of the performance of the job but also within the ability of the business to stay healthy. My top performers are not paid as high as they should be because the low performers are required to be paid a minimum just to show up.
As a worker it made me madder than a wet hen to see loafers who I knew were paid more than me, do half the work I did. The day of the union is over and we need to understand that minimum wage is not doing what the romantics that created the law envisioned.
Businesses will rise to the occasion and pay top performers top wages and conversely pay low performers what they are really worth if left to make the wage decision themselves. Workers who are dependable and actually work will find those employers and stay with them because they are treated with respect and fairness.
People who do not live within their means will always have trouble making the month regardless of how much money they are paid.