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There is a huge misunderstanding of economics in this article. Companies can not and will not pay more than the market wage. Nor should they. It is the governm
by randyrand 12y ago
There is a huge misunderstanding of economics in this article.
Companies can not and will not pay more than the market wage. Nor should they. It is the governments responsibility to make up the difference between the market wage, and a living wage, not the companies.
There a numerous benefits to doing it this way. A negative income tax.
- com2kid 12y agoA market wage can only be set if there is equal negotiating possible between employee and employer. In the case of a power asymmetry, it is up to the government to bring the power back into balance. Granted the reason for the power imbalance is government interference with the free market to begin with, immigration laws give the employer power over the employee that would be absent without the fear of deportation.
- bcoates 12y agoThe government is selectively barring these people from lawful work. It is selectively looking the other way on labor and housing law violations as a subsidy to their employers and landlords. This is New York we're talking about, not some hypothetical market economy. The game is rigged and the referees are crooked.