> One fact many people don't realize is that in order to achieve broad-based wage growth, we will have to face GDP losses. This is because there are many busine

> One fact many people don't realize is that in order to achieve broad-based wage growth, we will have to face GDP losses. This is because there are many businesses that depend on cheap labor to exist. As wages rise, these businesses will start to fail, reducing GDP. > We should see this scenario (wage growth with stagnant or decreasing GDP) as a healthy adaptation. The danger is that politicians will react to the bad GDP numbers with dumb new economic interventions. As a European who loves work culture in America, I'm afraid that America is copying the worst aspects of European culture. Europe is awesome, and I'd love to see America copy us more, but these kind of incentives are the wrong thing to be copying. To expand - training and educating yourself is hard work. Why are we rewarding people whose training is being able to drive a van? It's not about it being "honest work" (of course it is) or "hard work" (of course it is), or "these are important jobs, we need someone to do it" (of course) it's about - do we want to incentivize that young people aspire to this? This is not a recipe for a winning country.