Reducing the number of jobs available reduces wages. It does not increase them. All the people you just got fired will now take the other jobs for lower pay. E

Reducing the number of jobs available reduces wages. It does not increase them. All the people you just got fired will now take the other jobs for lower pay. Employees have tons of negotiating power on this country. Unemployment rates are consistently close to structural minimum. There certainly are times when employers have monopsony power but there haven’t been any recently.