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> Ultimately, of course, the market will correct itself. We're at where we are because of market forces. I doubt the market will "correct itself" when the mark
by inetknght 5y ago
> Ultimately, of course, the market will correct itself.
We're at where we are because of market forces. I doubt the market will "correct itself" when the market doesn't see anything wrong.
- lostlogin 5y agoThe way this gets ‘fixed’ will be hilarious to see. Maybe low cost housing provided by a mega-corp but paid by the taxpayer. Higher wages will not be the solution I’m sure.
- rnk 5y agoWe already have a portion of that with minimum wage being paid to 100s of thousands of Walmart workers whose workers also qualify for various forms of welfare, and walmart also campaigns against raising minimum wage.
- mcv 5y agoWhat we are seeing is the market correcting itself: service jobs are unattractive, so people leave those jobs. If nobody is willing to pay more and offer better customer behaviour for those jobs, those services will simply disappear. That is how the market "corrects" itself. I'm all for better wages and labour conditions, but as long as that doesn't, happen, these jobs and services will continue to disappear. I hope people are aware of the fact that they're currently effectively voting for no fast food, no restaurants, and no theatres, because that's what they're going to get if nothing changes.