3 ms·
Politics and economy don't always agree. The government promised higher wages for domestic work force, but the companies aren't willing to pay for that promise.
by bsd44 5y ago
Politics and economy don't always agree. The government promised higher wages for domestic work force, but the companies aren't willing to pay for that promise. That's why we have these "shortages" of things. It's a game between the economy and the politics to see who caves first.
- ajvs 5y agoExcept they are willing, since fruit pickers and truck drivers were being offered £60k+ even a few weeks ago. So it's just a time lag until all the jobs are filled next.
- imtringued 5y agoAlthough I want to see higher wages for the bottom of the economy I personally dislike minimum wages because politicians basically promise something that they have no control over and they don't have any long term solutions to problems in the labor market. Yeah the $7.50 minimum wage is laughably small but the next minimum wage has to be laughably small as well. If it was $50 then it would wreck the economy.