If you want high wages and human well-being, your decisions about how to allocate society's limited resources need to be made in a way that respects the consequ

If you want high wages and human well-being, your decisions about how to allocate society's limited resources need to be made in a way that respects the consequences of those decisions. When you don't, the results are ugly. Because of its centrality and importance, we should be more rigorous about how we approach the economics of the labor market, not less. That's not "neoliberal reductionism". It's the universal laws of economics: the readily-foreseeable consequences of our political decisions and regulations that define the allocation of society's limited resources. When instead we are too-precious about how we treat labor (disrespecting fundamental economics in the name of justice and equity, living in ignorance of the consequences), then we will find stagnation instead of growth, higher rates of unemployment, more inequality, and more poverty.