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The most influencial and intelligent Theologians and Philosophers have denounced capitalism as a proper societal model since at least Plato.



True, but it's what we've got, and it's not going to change anytime soon.

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This is assuming that the primary motivational force for advancement is MONEY, in today's society where you have to advance in order to have enough money to simply SURVIVE, money is a huge motivator, however, historically POWER has been an on-going and bigger motivator. People will seek to advance for the ability to control.



Undoubtedly some will. But with additional responsibility people want additional money. It doesn't pan out 100% of the time, but a significant amount of time, yes.

Would the pay increase for upper/middle-management have go up the same amount as the average workers? Probably not. But it would have to go up. I know I sure as hell wouldn't be working in management if I could work a steady 40-hour week with minimal responsibility on the line for roughly the same amount of money.

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Even if we presume that the other positions didn't complain that they wanted more money, if you jack up the pay of the lower-waged, their cost of living is going to go up simply because of supply and demand. If I know everyone gets paid at least $25,000 in the country I'm not about to lowball my prices to gain market share, I don't have to anymore. Everone's got money. Cost of living goes up as people make more, are you going to continuously adjust wage to Cost of Living +1% -- it'd be never-ending cycle of increases since the cost of living would increase roughly as fast as the average wage increased.


This is what is concidered a "slippery-slope" argument, roughly 98% of all slipperly-slope situations NEVER pan out.



No it is not. I'm well aware of what slippery slope is, thank you. That is basic economics. If average pay increases, the average price of goods will also increase. The only way around this is decreased labor cost per unit -- i.e. less workers, or the same workers making more stuff.

I know, you're going to say they can just accept the loss against their "huge profits". And for some companies that wouldn't be so bad. But for others margin is already very very small. And it's these companies that also tend to be the very one that would be hit most by a targetted wage increase.

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Profit capping, and continuouly adapting minimum adult wages to average cost of living, might initially cause an inflation hike, but intelligent buisness persons with concerns other than how many millons of profit they have compared to their competitors, will see that keeping costs low will allow for sales of a greater quantity of goods and diversified markets; all things that build brand and company loyalties.



So you're telling me that if everyone in the US was a millionaire that we wouldn't pay as much, as a percentage of income, for our goods as we do now?

And "Profit-Capping"? What a great idea to make our companies competitive in the world market! And I bet innovation would skyrocket!

In 10 years every US company would be bought out by a global competitor that makes more profit and a better product than we could make here.

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