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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 eli_gottlieb 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 or more likely, automate the job.
I see absolutely nothing wrong here. What's the problem?
- ErikVandeWater 9y agoIf they automate it, where do the unemployed go? They took that job because it was the best they could get.
- ivanbakel 9y agoThis is true of work generally, though. Employeers always have the incentive of automation, because they don't pay wages from the goodness of their hearts. You can't feel bad for encouraging automation, and it's a problem we're going to have to deal with as a society at some point.
- 6stringmerc 9y agoWorker Productivity in the United States is at an all time high while Wages have stagnated and the Labor Force Participation rate is at a 39 year low. This is a genuine choke-point problem of upward mobility intentionally designed and executed by interested parties and it needs some forceful unwinding. See Also: Robber Barons.