4 ms·

And in this proposal who is going to work as baristas, janitors, and delivery drivers?

• mlyle 4y ago
  If you reduce the supply of labor willing to work at low prices, employers will need to pay more to fill those roles or choose another path forward (automation, scale down businesses that rely upon low-paying labor, etc). So, presumably you'd have more expensive lattes, more expensive janitorial services, and perhaps some of the less viable coffee shops close.
  • seoaeu 4y ago
    And once higher labor costs drive up the cost of living, you just ship away the next tranche of people who are now below the poverty line?
    • mlyle 4y ago
      It doesn't run off to infinity, because the high cost of living city is connected to other markets. E.g. the price of groceries might increase a little. Price of low-end housing could be expected to fall a little from reduced demand. There's a transfer of wealth to people who are at the bottom of the income scale.
      • bombcar 4y ago
        Whenever people assume something runs to infinity, it's fun to imagine what would happen - baristas in San Francisco pulling down 5x top tech salaries, Google employees working at the grocery store after hours to make ends meet, etc.