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Can you design a license that increases the proportion paid to Labor (as opposed to Capital)? NB: I don't mean more hours are required; I mean workers get paid
by hyperpallium 8y ago
Can you design a license that increases the proportion paid to Labor (as opposed to Capital)?
NB: I don't mean more hours are required; I mean workers get paid more per hour.
Labor prices only seem to change with supply and demand. If you're making lots of money, and labor is cheap, why pay more? That's where a minimum wage helps shift the allocation.
You could shrink the Labor supply, perhaps artificially; or you could increase demand for Labor.
You could directly legislate by license: the license available only to businesses that e.g. pay at least a minimum wage.
Of course, businesses won't like that, so your software had better be something very useful.