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I'm all for giving low-wage workers a larger share of the productivity gains made in the last few decades, but this kind of simplistic thinking doesn't take the
by dubfan 13y ago
I'm all for giving low-wage workers a larger share of the productivity gains made in the last few decades, but this kind of simplistic thinking doesn't take the immense complexity of the macroeconomy into account. Prices on goods won't simply stay flat. Stock prices will plummet, affecting pension funds and individual investors (i.e. the middle class) disproportionately. Wage disparity is a serious problem, and there's unfortunately no simple solution.