So how about letting the signalling that money and pricing is supposed to do actually take place instead of suppressing it? If there is such a problem - and I

So how about letting the signalling that money and pricing is supposed to do actually take place instead of suppressing it? If there is such a problem - and I agree with you that there is - then something should be done about the cause instead of the symptom. Which won't happen if the symptom is successfully suppressed. So to me the question is, let their be the pain that is meant to be there (signal!) so that something can change, or try to avoid the long-overdue correction. What I see in the real world is different in what I learned in economics 101 in that the signal function of prices is suppressed instead of used as far as the labor market is concerned - but only in one direction ("wages are getting too high!"). I think trying to avoid pain at all cost is similar to when people have a condition that lets them feel no pain. It sounds great but actually leads to self-destruction. Let the prices (wages) rise! Yes it will lead to small businesses having to give up. Either they are not actually needed, or society as a whole undervalues (and underpays) the role of those businesses. Or a mix of the two. Time to find out? If that sounds like I'm for restricting immigration, I'm actually for much more legal(!) immigration. The problem with illegal immigration is that people are forced to subsist in the shadows. I think this distorts the (low end but similarly for H1 jobs) labor market far more (towards slave conditions and low wages) than the same amount of legal immigration would do, which would give immigrants a perspective and a lot more choices while having to endure a lot less anxiety.