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You're not simply hoping that corporations do the right thing though. Rather, you're making it economically unfeasible for them to pay workers less. That's goo
by manlymuppet 2mo ago
You're not simply hoping that corporations do the right thing though. Rather, you're making it economically unfeasible for them to pay workers less.
That's good because you don't have to rely on corporations acting morally, and corporations who do act good out of moral obligation aren't punished fiscally for it. It also just works better than adding a price floor, if done right.
And although the idea is sexy, it's far from a wet dream. It's actually the standard in the Scandinvan social democracies.
https://en.wikipedia.org/wiki/Flexicurity https://en.wikipedia.org/wiki/Flexicurity
- shimman 2mo agoGotcha, pure fantasy that seems to rely on many assumptions that don't hold up in other countries. Do appreciate the criticism section on wiki: "a purely linguistic combination of opposites that can be applied to virtually any policy mix."
- manlymuppet 2mo agoEverything we try will rely on some assumption, but I think it’s unfair to call that fantastical. What assumptions do you think are uncalled for? Norway, Sweden, Denmark—these are countries where this model has been proven to work in practice, not theory. If you still call bullshit though, I’d cordially invite you to show me similar evidence for price controls working as well as flexicurity does in the Scandinavian states.