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"The problem with "significantly over-pay" is that you end up with incentives for people to quit other low paying jobs and switch, which will force those employ
by dwighttk 9y ago
"The problem with "significantly over-pay" is that you end up with incentives for people to quit other low paying jobs and switch, which will force those employers to either significantly increase wages to match"
This is usually the explicit goal of this sort of program.
"or more likely, automate the job"
oh right... we'll have to make that illegal or something.
- yequalsx 9y agoIf we as a nation are going to be as opposed to unions and collective bargaining then some other mechanism needs to be in place to give labor some pricing power. The tax on labor is greater than the tax on capital. The pricing power for low skilled jobs is clearly heavily tilted in favor of employers. At some point, where we are headed maybe slavery will make a comeback.
- eli_gottlieb 9y ago>At some point, where we are headed maybe slavery will make a comeback. If you look at prison labor, it already did.