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> Higher wages and better working conditions are required, so that people have more money they can spend. Higher wage doesn't do it alone, just as lower prices
by mattlutze 11y ago
> Higher wages and better working conditions are required, so that people have more money they can spend.
Higher wage doesn't do it alone, just as lower prices doesn't do it alone. Both need to work in concert to increase the worker's effective wealth.
Better conditions are tangential though definitely very important for an improved work/life balance.
> It also helps in a global context, as the prices of imported products won't change much just based on your national policies.
National policies, in the form of tariff, tax, and relative currency value, are enormous factors in the cost of imported goods.
- kuschku 11y ago> National policies, in the form of tariff, tax, and relative currency value, are enormous factors in the cost of imported goods. National policies are meaningless nowadays, as international trade treaties force countries to get rid of tariffs, and to have a race to the bottom in taxes. How do you plan on competing with the US when you have to import all their goods without tariffs, and have higher taxes yourself? You can’t. The free trade treaties directly threaten any model in which corporate taxes pay for the wealth of society, and instead only allow models in which society is paid for with the regressive VAT.