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RE: Will Steemit become a threat to minimum wage jobs?

in #steemit7 years ago (edited)

Interesting post. I have been also thinking a lot about these things. They still need minimum wage workers to run their economy so if they detect a large threat to that system I would assume they would move to squash that threat. Meanwhile minimum wage pays well below poverty. In the depressed area I am in the gov says it takes 45k a year just to pay the cost of living...thats not anything to do with thriving and making a future...only paying for your basic needs. Life in the usa is extermely inflated artificial and is exponentially more difficult because people compete, argue and divorce instead of working together to refuse oppressive policy and work plans to become wealthy. So they have allowed internet income in exchange for knowing everything about people. They have permitted crypto currency. Meanwhile their history has been to outlaw innovation, then monopolize and resell. Brit gov talking inernet regulation this week. It's an interesting time. It could be a golden age. It could be the beginnig of the new cycle.. freedom prosperity. It could get squashed by the tank and bomb people. I dont know i wonder about these things a lot. But meanwhile it is sooo awesome that you pulled in 200 last week.

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The main way the government could squash the competition for minimum wage jobs is to raise minimum wage. Then again, it wouldn't really be necessary because employers could just do that if they detect locally that they are having a difficult time hiring because crypto-workers are taking up all the available "labor hours" in the marketplace.

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