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If there are unfilled jobs, employers should raise wages and increase benefits. If there are not unfilled jobs, people without wealth should receive support fro
by standardUser 6y ago
If there are unfilled jobs, employers should raise wages and increase benefits. If there are not unfilled jobs, people without wealth should receive support from a social safety net.
- josephcsible 6y agoShould the employers who can't afford to raise wages to such an artificially high level just all go out of business?
- claudiulodro 6y agoAre employers entitled to labor at whatever price they want to pay?
- josephcsible 6y agoNo, employers are supposed to have to pay the market rate. The problem is that the government paying people to do nothing significantly inflates the market rate.
- mentalpiracy 6y agoYou’re making this comment without realizing that you’re pre-supposing the market rate was “correct” in the first place. Which is a big proposition to just accept on its face, considering how the US government for example has been subsidizing the workforce of companies like Walmart and McDonalds, who actively encourage their own employees apply for food stamps and other social welfare programs - because their wage is so low that even though they’re working, they’re still qualifying for poverty programs! Wages have not matched productivity for decades. To assume that the market was working correctly before this extra unemployment payout program started is misguided.
- standardUser 6y ago"No, employers are supposed to have to pay the market rate." Supposed to? Says who? I say, employers are supposed to have to pay enough for a person to support themselves without government assistance. If we allow businesses to pay below a living wage, then the government is simply subsidizing their labor costs.
- npteljes 6y agoI would say so, yes.
- mbrodersen 6y agoYep. That’s how capitalism is supposed to work. Google “creative destruction”.
- josephcsible 6y agoCapitalism and creative destruction apply to wages naturally going up due to the actions of people and companies, not artificial changes due to government meddling.
- mbrodersen 5y agoAll markets (including the labour market) are created and defined by government. That’s why (for example) it is illegal to hire children for factory lines or selling certain products. Capitalism without any governmental “meddling” is pure anarchy. The kind of capitalism you only see in failed states. When people say that they don’t want any governmental meddling, what they are really saying is that they don’t like certain rules but are happy with others.