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It’s complicated. High base wages incentivize automation. Switzerland has much more extensive automation of basic labor then the us has. Higher wages also trick
by lumost 3y ago
It’s complicated. High base wages incentivize automation. Switzerland has much more extensive automation of basic labor then the us has. Higher wages also trickle up, a plumber demands 50/hr etc. jobs paying the base rate are rarely desirable from a social standpoint - social pressure provides an incentive to up skill/increase service standards.