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It is an entirely unreasonable goal if your stakeholders are the citizens of the country for which you are manipulating the economy. You should want high wages
by readthenotes1 4y ago
It is an entirely unreasonable goal if your stakeholders are the citizens of the country for which you are manipulating the economy.
You should want high wages and productive workers, domestic production to help ensure fewer supply shocks from an unstable international environment, etc
- jeffbee 4y agoHigh wages are not a goal in themselves. High wages with high cost of living is no better than low wages with low cost of living.
- colinmhayes 4y agoHigh wages equals high costs if you go for protectionism or accelerated offshoring leading to unemployment if you don’t. There’s no magic wand here, everything is a trade off.