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(PS: I did not downvote you). People have the same rights. However, relative economic value is definitely different from person to person. Denying this is denyi
by lenkite 7y ago
(PS: I did not downvote you).
People have the same rights. However, relative economic value is definitely different from person to person. Denying this is denying basic reality.
Taking an example from a parent post - caregivers do NOT have high relative economic value. Anyone over 18 can become a caregiver without even passing high school and become a certified home care aide. Enforcing a higher pay through law will is only likely to increase un-employment. The market on the other hand is self-correcting.
The federal government being the lender for loans has only lead to higher cost of loans and un-employed arts graduates who cannot get a job and cannot payback those loans. Without the federal government backing, those loans were un-likely to have been offered in the first place, unless there was current/future demand for arts graduates.
I strongly believe that most aspects of living (for people and communities as you put it) indeed need a dollar value otherwise un-realistic and un-workable economic expectations come into play.
We have seen this play out in the past with failed governments and we will continue to see this in the future.