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It is a different dynamic. The minimum wage needs to be up, but I wouldn't go from saying that to "shut down all restaurants". Not sure about what could be don
by Jemmeh 10y ago
It is a different dynamic. The minimum wage needs to be up, but I wouldn't go from saying that to "shut down all restaurants".
Not sure about what could be done about supply/demand. They are low skill jobs. Most people could learn to do them pretty quickly. That doesn't mean they don't deserve to be paid properly-- the current economy is creating those jobs, we still need service people. They are working hard. But as far as supply/demand goes, I think there would always be a surplus of people who have the ability to do those jobs.
- branchless 10y agoWell as I stated in the same column where I provide the link, I've not read it, I doubt you have in this time either. That said, the system creates these imbalances so I would not look to simply treat the symptom. Progress depends on a deficit of cheap labour to encourage automation. Globalisation has seen companies move manual low-skill jobs to other countries. Meanwhile land prices are up and so are rents. People must take what they can get whilst the usurers run rampant.