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Rising wages for the lowest earners are the consequence of more policy changes than just minimum wage increases: subsidised training programs, public infrastruc
by strken 5y ago
Rising wages for the lowest earners are the consequence of more policy changes than just minimum wage increases: subsidised training programs, public infrastructure projects, lowering full employment rate targets for reserve banks, etc. Anything that increases competition for the pool of available workers.
I'm not even advocating for any of these things here, or in my earlier comments. I'm saying that if by some unspecified means the wages for last-mile delivery drivers doubled or quadrupled or more, society would absorb the difference instead of collapsing. It wouldn't fail to operate. Even agriculture would be survivable if it happened slowly enough to mitigate the sudden shock.