We should also remember that the dual mandate of the federal reserve in the US targets an unemployment rate of 4%. This means that low skill workers will never

We should also remember that the dual mandate of the federal reserve in the US targets an unemployment rate of 4%. This means that low skill workers will never have negotiating power. Not due to laws of economics but by US government policy. I’m not here to argue about whether that is the right choice. Or debate about what the target inflation rate should be etc. But if the US government is going to intentionally maintain a minimum scarcity level of employment options for low skilled workers, it is only reasonable that the US government enact policies that protect these low skilled workers on the other side.