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I think focussing on salary alone isn't a great strategy. If you doubled everyone's salary, the gain would almost certainly be absorbed by real estate or some
by stevezsa8 3y ago
I think focussing on salary alone isn't a great strategy.
If you doubled everyone's salary, the gain would almost certainly be absorbed by real estate or some other necessity.
Regulations on maximum working hours, access to fair housing, education, healthcare etc might work better.
- jeffreyq 3y agoCan you further elaborate on why more government intervention would work better?
- stevezsa8 3y agoThere are valid arguments on both sides of the issue. What do you think would be the best way to help ensure everyone gets a fair share?
- swagasaurus-rex 3y agoI agree with you that gains in income will be absorbed. Providers of necessities can demand large portions of people’s income due to lack of supply. It’s a basic monopoly. We see that in real estate, health care, education, elderly and child care. They can’t charge endlessly because at some point people are priced out. Homelessness, lack of education, delaying medical care until an emergency and relying on laws that non-payers cannot be denied treatment. But they can travel up the supply demand curve and take from everybody that can still afford it, because the supply is constrained. TVs are cheap, because of competition from overseas. Land or health care prices are not.