3 ms·
I agree that your zoning/NIMBY laws could be improved through federals laws, and licensing could and accreditation could be limited. But on your point about im
by JamesBarney 10y ago
I agree that your zoning/NIMBY laws could be improved through federals laws, and licensing could and accreditation could be limited.
But on your point about implicit labour prices I have to disagree. At least with the costs listed. The implicit labor costs increase the de facto minimum wage. But payroll taxes are 7.5%, federal minimum wage is currently $7.25/hr, fine for not covering healthcare costs ends up being ~ 1$ an hour. So we end up with a de facto minimum wage of $8.80/hr.
This means that it only prevents jobs that produce less that ~$9/hr of value. Which I don't think many people would classify as a "good" job.
But it also has all of the effects both positive and negative of a minimum wage. The negatives are that any potential jobs that generate less than $8.80/hr wouldn't be created, but it also brings the positives which are that any employees that generate more than $8.80/hr an value but who due to negotiating power would have made less get a raise.