3 ms·
A big example is the almost-universal rent control in the USA during WWII to help keep wages down and production up. This was an emergency measure designed to b
by rm999 10y ago
A big example is the almost-universal rent control in the USA during WWII to help keep wages down and production up. This was an emergency measure designed to be temporary (although there was never a guarantee it would be).
https://en.wikipedia.org/wiki/Office_of_Price_Administration#History https://en.wikipedia.org/wiki/Office_of_Price_Administration...
- bufordsharkley 10y agoWhich is famously why the U.S. ended up with health insurance tied to one's employer-- a workaround to the limits of price controls (employers could offer this additional perk, but not additional money). Yet another unintended consequence that continues to impress generations later. (I wonder why they didn't simply let wages rise.)