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This effectively amounts to the claim that low end workers are not living in a market economy. If they get raises landlords/other rent seekers will take their
by lumost 5y ago
This effectively amounts to the claim that low end workers are not living in a market economy. If they get raises landlords/other rent seekers will take their wages, if the government gives them money - then The same will occur.
If we have such incontrovertible proof that we are not living in a market economy, then many non market interventions become palitable. After all why should landlords be the favored gentry vs the power company or any other firm.
Landlords and hedge funds will be much more displeased with this set of outcomes.