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> The only way to counter that push is by giving more power to the worker, and in low-skilled fields with lots of available workers, you need to do that through
by cactus2093 6y ago
> The only way to counter that push is by giving more power to the worker, and in low-skilled fields with lots of available workers, you need to do that through regulations and subsidies.
Even assuming everything else you've said is true, that's quite the leap to make. And also quite the oversimplification. There are lots of regulations and subsidies that have been tried where the unintended consequences end up negating most of the benefits, and just turn out to make the entrenched powers even more entrenched and wealthy. Plus there are ideas like UBI that don't fit neatly into the traditional buckets of "regulations and subsidies" and could be another (better?) way to give workers more leverage.
- gjulianm 6y agoOf course actual policy is difficult, and complex. UBI or guaranteed income would seem to be the better way to give workers more leverage, but for that one needs to accept that we indeed need to give workers more leverage. You'll see in this thread a lot of people arguing that less regulation will somehow lead to better wages, when in reality that will only increase the power imbalance between workers and businesses and push wages lower.