Usury

We do this otherwise the exploitation of the system would be too clear too soon. Now the exploitation can move to a country lower in the pyramid of debt-exploitation.

The minimum wage is the lowest wage rate that an employer is legally allowed to pay an employee for their services. It is typically set by law and enforced by the government. The purpose of the minimum wage is to ensure that employees receive a fair wage for the work they do and to prevent employers from exploiting workers by paying them too little. (oa)

“Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.”

Ha-Joon Chang

The minimum wage is intended to protect workers from exploitation and ensure that employees receive a living wage for their work. It is meant to help lift workers and their families out of poverty by providing them with a wage that is high enough to cover the basic costs of living. Additionally, the minimum wage is intended to reduce wage inequality between different types of workers and to ensure that all workers receive a fair wage for the work they do. (ao)

AI Created: Artificial Intelligence talking about Usury.

Me: Does a minimum wage help you to pay your usury debt?

ChatGPT (jan23):

A minimum wage is a government-mandated minimum amount of pay that employers must provide to their employees for the work they do. In theory, it is intended to ensure that workers are paid a fair wage for their labor and can meet their basic needs. The relationship between a minimum wage and usury is complex and can depend on various factors such as the level of the minimum wage compared to the cost of living, the availability of credit, and the state of the economy. Some argue that a higher minimum wage can help alleviate the burden of usury debt by providing workers with more disposable income to pay off loans. However, others argue that raising the minimum wage could lead to inflation and higher prices, making it more difficult for low-income individuals to pay off their debts. Additionally, some argue that a minimum wage alone may not be enough to fully address the issue of usury and that other measures such as regulating interest rates or increasing access to credit may also be necessary.

Buy the AI a drink (in holofuel)

Extra:

Living Wage – The minimum amount of money needed for a family to cover basic necessities such as food, housing, medical care, transportation, and other necessities.

Labor Union – An organization of workers formed to protect and advance their rights, typically through collective bargaining.

Ideas: Earned Income Tax Credit – A tax credit available to low-income taxpayers that increases the amount of money they take home at the end of the year.

Subsistence Wage – A wage that is just enough to cover the basic needs of an individual or family without any extra money available for luxuries.

Living Wage Ordinance – A local law that requires employers to pay their workers a certain minimum wage, usually higher than the federal or state minimum wage.

Wikipedia:

• https://en.m.wikipedia.org/wiki/Minimum_wage
• https://en.m.wikipedia.org/wiki/Wage
• https://en.m.wikipedia.org/wiki/Wage_labour
• https://en.m.wikipedia.org/wiki/Wage_slavery

Affiliate:

Books:

1. “23 Things They Don’t Tell You About Capitalism” by Ha-Joon Chang
2. “The Minimum Wage: A Reference Handbook” by Oren M. Levin-Waldman
3. “A Fair Day’s Pay: The Fight for Comprehensive Minimum Wage Legislation in the United States” by John S. Irons
4. “The Case for a Living Wage” by Robert Pollin and Stephanie Luce
5. “Wage-Labor and Capital” by Karl Marx

Documentaries:

1. “Poverty, Inc.” directed by Michael Matheson Miller
2. “Wage Slaves: Not Getting By in America” directed by David Novack
3. “Inequality for All” directed by Jacob Kornbluth
4. “The End of Poverty?” directed by Philippe Diaz
5. “The Big One” directed by Michael Moore

Movies:

1. “The Grapes of Wrath” directed by John Ford
2. “Norma Rae” directed by Martin Ritt
3. “Fast Food Nation” directed by Richard Linklater
4. “Sorry to Bother You” directed by Boots Riley
5. “The Jungle” directed by Upton Sinclair

Series:

1. “Dirty Jobs” hosted by Mike Rowe
2. “Ozark” created by Bill Dubuque and Mark Williams
3. “Better Call Saul” created by Vince Gilligan and Peter Gould
4. “The Wire” created by David Simon
5. “Breaking Bad” created by Vince Gilligan

Songs:

1. “Living Wage” by Dirty Projectors
2. “Working Class Hero” by John Lennon
3. “9 to 5” by Dolly Parton
4. “The Ghost of Tom Joad” by Bruce Springsteen
5. “Minimum Wage” by Blake Shelton

Artworks:

1. “The Gleaners” by Jean-Francois Millet
2. “The Triumph of Death” by Pieter Bruegel the Elder
3. “The Sweatshop” by Jacob Riis
4. “The Bitter Cry of the Children” by Thomas Kennington
5. “Dignity” by Chris Jordan

Podcasts:

1. “The Stakes” by WNYC Studios
2. “The Indicator” by NPR
3. “Planet Money” by NPR
4. “Hidden Brain” by NPR
5. “Economic Update” by Richard D. Wolff.

Purpose: to fund this project

Would you agree…

#UC089 Would you agree that #usury lasts longer with a #minimum #wage?https://t.co/ympwnh6ya6#UsuryC #UC088 #UC090 #Avarice #HumanNature #Human #Immoral #Interest #History #Work #Economy #Jobs #Myth #Mammon #Talents #Erysichthon #Ethics #Philosophy #Ecology #Holochain

— Atotsm (@Atotsm2) August 19, 2022

#Usury #UsuryC #UC088 #UC089 #UC090