This has been my internal question, also, while reading this thread. In my State, “just wage” tends to be defined as ‘what it takes to survive independently in one’s own region.’ Except that when the COL in said region requires a Gross income of 40K minimum for an individual supporting no one else, and not requiring any gov’t assistance, then that would require an employer to pay a Wal-Mart worker $19/hr.
Actually, with Obamacare, that would require about a 45K minimum income, bringing the “just wage” scale up to 21.60/hr for a Wal-Mart employee, or about what a 5-year (4-year degree + professional training) entry-level credentialed teacher earns, who is possibly still paying back educational loans.
Need to add that that allows the employee (again, in my region) to live in the cheapest and least safe part of town. Safe neighborhoods require a minimum annual salary of 70K.for an individual. And these are very recent figures. One of my colleagues just had to move out of State for the second time in a year, due to his profession not supporting any modest lifestyle in the diciest part of town.
From each according to his work—> To each according to his need —>
to each according to his desire.
Yes, capitalism is a flawed model, although far more incentivizing than any other economic model tried on a grand scale, to date. Equality and inequality come in various forms. Compare some of the obscene salaries of
some slacker government workers and
some similar labor union employees, putting out far less effort (in many cases) and being far less skilled & knowledgeable than many workers in the private sector. I don’t consider some of those salaries very “just” at all. Hard work and honest effort is absolutely a Gospel principle.
The fact is, capitalism will always create enormous inequity, because its concept of wealth is built on gigantic profit margins, which also drives stock prices (where applicable) and which also compensates CEO’s, etc.of companies (and their boards) based directly on those profit margins. There could be more regulation of salaries paid to upper management (thus “redistributing income”), but that would entail government intervention directly, in a regulatory way. Until that were to happen, low-skilled employees everywhere in a free market economy will never be comfortable, and no amount of “social justice inspired” suggestions will close that gap without doing violence to our economic system. Good luck getting that through Congress. It would entail putting a ceiling on wealth, by regulation.