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"That's why minimum wage laws and workers rights are important. " But ultimately pointless when there are insufficient jobs - which there always are since "inf
by neilwilson 6y ago
"That's why minimum wage laws and workers rights are important. "
But ultimately pointless when there are insufficient jobs - which there always are since "inflation targeting" ensures there always will be.
The actual problem is that there are 20 dogs and 19 bones. What we need is a Federal Job Guarantee. An alternative job that everybody has a right to access paying the living wage. Then simple competition sorts the rest out.
The task of the private sector is to eliminate all jobs and replace them with automated capital. Once there is a job alternative in place, we can let the private sector get on with that task.