I was scrolling through reddit this morning and came across an interesting post on r/NoStupidQuestions.
u/myuponmyname asks:
“Why is the minimum wage in the US still $7.25/hr?”
I'm interested in discussing this topic specifically, but I did come across a few interesting comments
u/Sociopathic_Humanist comments:
“Because people making minimum wage can’t afford lobbyists”
u/redditipobuster replies to this comment:
“If they all chipped in $1…
There’s more poor people than rich.”
u/redditipobuster just discovered collective action. If all the poor people just chipped in a few dollars they could raise like a billion dollars! If 200 million americans each just chipped in $5, they would have a billion dollars to lobby and affect change. But after everyone has pitched in their money, and that last 200 millionth person is the only one left. An extra $5 is insignificant to the nearly billion already raised. Why give up a starbucks coffee for no reason…
Thus, the free rider problem arises. Now all 200 million people might start to have doubts. Who doesn’t want their morning coffee or an extra gallon of gas.
I strongly contemplated explaining this to u/redditipobuster, but something tells me they wouldn’t have appreciated it as much as the 26 avid readers of Better than Plowing.
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