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No, larger labor pool = higher wages, for two reasons: 1. Being able to hire more people means that local companies can grow bigger and take on more work 2. Me
by kmeisthax 6y ago
No, larger labor pool = higher wages, for two reasons:
1. Being able to hire more people means that local companies can grow bigger and take on more work
2. Merely having more bodies in the economy increases demand for goods in that economy
Rural American towns have extremely tight labor pools and can barely sustain minimum wage.
- ajsnigrutin 6y agoDon't you currently have relatively high unemployment? And how is staying at minimum wage (instead of raising them, to get people from elsewhere to move in) good for local workers? Don't you have a bunch of cities with unbelievably high cost of living (SF, NY,...), where people come (and sometimes live in tents), just because there are no jobs for them in "rural american towns"?