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> I’m pro basic income, but definitely don’t support paying more to be unproductive than productive This problem cuts both ways. The government capitulated lar
by save_ferris 6y ago
> I’m pro basic income, but definitely don’t support paying more to be unproductive than productive
This problem cuts both ways. The government capitulated largely because they knew pegging stimulus to the minimum wage wasn’t going to be enough and they didn’t want to risk the political fallout of that situation. I see this largely as an admission by our leaders that minimum wages aren’t high enough.
Wages in the US simply haven’t kept up with the cost of living for years now. Employers have been complaining for years that they can’t find qualified candidates for jobs while more and more people leave the workforce and don’t ever return, but the conversation is always framed as a shortage of labor as opposed to a market unwilling to raise wages to attract qualified candidates.
If we had ensured years ago that those working would make enough to meet their basic needs, we wouldn’t be in this situation.
- eli_gottlieb 6y ago>the conversation is always framed as a shortage of labor as opposed to a market unwilling to raise wages to attract qualified candidates. I had sorta thought it was Microecon 101 that these two things are mathematically equivalent. If the labor market doesn't clear due to a "shortage", you're either in the immediate aftermath of a war, or you need to raise wages.