forget the proper ratio of min to median ...how about a minimum wage nominal floor lifter

i think we might look at this hypothetical system

we set not a minimum hourly wage rate
but design an algorithm
that lifted the minimum wage
by cpi plus n% a year
n to be some thing like 10%
how would wage share in gdp develop
if the system
was driving the nominal bottom up up up ?


this is not to slight in any way
the static question
what is the optimal min to median ratio ?

 just  in addition
    let's  consider
the change in the price system
the operating mark ups
if firms ...even firms
that never pay as low as
the minimum to any hires...
what if they knew they faced this relentless nominal wage push coming at them
from the bottom up

hegel lesson for the day

the government, the individual citizens

and the needs or external life of the individuals, are three terms, each

of which is the middle of the other two. The government is the

absolute centre in which the extreme of the individuals is united with

their external existence; similarly, the individuals are the middle term

that activate that universal individual into external concrete existence

and translate their moral essence into the extreme of actuality. The

third syllogism is the formal syllogism, that of an illusory show, in

which the individuals purport to be linked to this universal absolute

individuality by their needs and external existence; a syllogism which,

as merely subjective, passes over into the others and in them has its

truth.

job less ness...must be : a nasty purgatory... if not a living hell

okay so the SSA's retirement system is actually soiund....but but but ...what about its disability payment system

"The typical DI beneficiary is in his or her late 50s — 70 percent are over age 50, and 30 percent are 60 or older — and suffers from a severe mental, musculoskeletal, circulatory, respiratory, or other debilitating impairment. His or her earnings fell sharply in the years before applying to the program. Only a minority of beneficiaries can do any work, and even fewer are able to do substantial work (enough to support themselves without help), studies generally conclude"




of course the word here is not "work"
as in do ANY  work

 but get ANY  job

 and obviously
  the training and attention on the job
to learn how to hold on to it

great job based  society we got  here

if you are easily and costlessly exploitable

otherwise

  you get benched

and your fellow jobsters pay you a "retainer"

the wage stag now past 40

Year Weekly Earnings (1982-84 dollars)

1972 $341.73 (peak)
1975 $314.77
1980 $290.80
1985 $284.96
1990 $271.10
1992 $266.46 (lowest point; 22% below peak)
1995 $267.17
2000 $285.00
2005 $285.05
2010 $297.79
2011 $295.49
2012 $294.83 (still 14% below peak)

the wipe out of mass white collar jobs...disguised inside some ivy crowned gibberish

"This paper examines shifts over time in the relative demand for skilled labor in the United States. "

" Although de-skilling in the conventional sense did occur overall in nineteenth century manufacturing, a more nuanced picture.."

see that word "nuance "struggle rangers
   and put your neurons into algorithmic  lockdown

"  the share of “middle-skill” jobs
 – artisans –
        declined "

while

" high-skill”
 – white collar, non-production workers –
and “low-skill”
 – operatives and laborers -
                       increased. "

nuance ?
sounds like what we knew all along

but soft....


 "De-skilling did not occur in the aggregate economy"

" the aggregate shares of low skill jobs decreased, middle skill jobs remained steady, and
white collar jobs  expanded from 1850 to the early twentieth century."

------------------------------------------------------

comes the reckoning :

"   The pattern of monotonic skill upgrading continued through much of the twentieth century until the recent “polarization” of labor demand since the late 1980s."

white collar jobs clobbered by automation ?
ending the long era when
"  ... the demand for white collar  workers
grew more rapidly than the supply starting well before the Civil War."

moral of tale ?

an old one


eventually they come for you too

un ending ....wage eraners stage a custer's last stand.....get caught in a in a time loop

behold
the  "sorry no raise this time kids "
                                                                      cobra