2 ms·
We absolutely do not need laws to prevent wage increases.
by nonethewiser 3y ago
We absolutely do not need laws to prevent wage increases.
- jmyeet 3y agoI hate to break it to you: we already live in that world [1]. Anyway, the point of Nixon's temporary wage-price freeze wasn't to suppress wages specifically but to allow prices to stabilize so we don't have the "greedflation" we have now [2]. I'm all for better wages, livable wages and workers enjoying a greater share of the value they produce, for the record. [1]: https://www.npr.org/2022/12/01/1140123647/rail-strike-bill-senate https://www.npr.org/2022/12/01/1140123647/rail-strike-bill-s... [2]: https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock