Anyone employed in the manufacture of nuclear fuel pellets adds value to the economy simply by virtue of showing up for work, and doing whatever it is they do.
But when they do that it doesn't change the demand for nuclear fuel pellets. The demand is largely static, so in order to sell X more pellets, X pellets from other producers must go unsold/not made. Somebody else has to lose, which makes it a zero sum game.
The fact that he's an MIT grad doesn't mean much.
It does. Not everybody is an MIT grad or has the skills to be one, and yet you say that just anybody can compete with google. That is a contradiction.
Almost everyone can
60% of the country cannot because they are living paycheck to paycheck and cannot afford it.
I wouldn't be at all surprised by the popularity of socialist policies. Kids are naive.
Basically every other developed nation seems to think otherwise. For example, we are more or less the only one without universal healthcare, that's what's naive.
What kind of food? Caviar? What kind of housing? McMansions? What kind of basic utilities? All 800,000 TV channels? What kind of transportation? A Bugatti? What kind of healthcare?
Basic food, not caviar. Basic housing, not mcmansions. Utilities should include heating, cooling, water, electric, literally just the basic necessitites, not cable. Etc.
You're splitting hairs at this point.
It's very hard to draw the line anywhere above $0, which is the technically correct number.
Nobody can survive on $0. You need to have food water and shelter.
Yes, this presumes everyone owns property of suitable acreage, and with a stream, and that's unrealistic for everyone. But it's entirely possible for some.
If it is unrealistic for everyone then it isn't a reasonable answer to what the minimum wage should be.
it's going to vary from $0 for some people on up to — I shudder to think
If housing in this country wasn't so fucked, it would probably be around $40-50k a year. Nobody is buying caviar and a bugatti with that budget.
We can all strive to be more like Jesus. I know it's not easy, but there's so much value in trying.
Blaming individuals for the failures of a system, and suggesting individuals change to deal with that defect in the system is irrational.