rigobueno t1_jdy7399 wrote
Reply to comment by TurkeythePoultryKing in Low-wage workers have seen historically fast real wage growth in the pandemic business cycle: Policy investments translate into better opportunities for the lowest-paid workers by sillychillly
It’s called wage compression, don’t be mad at the fry cook, be mad at the plumber’s employer
elementofpee t1_jdym3od wrote
If the plumber’s employer has to pay 20% more to retain the plumber the added cost would just passed onto the customers. Enjoy 20% more for your needs - now extrapolate that to all your other goods and services you need to survive. Good luck playing this dumb game.
Haffrung t1_jdyz1tg wrote
It‘s remarkable how many people think paying higher wages won’t mean higher prices. You can see them cheer on higher wages for restaurant workers, and in the next breath rant about the price of eating at a restaurant. Can people really go through 13-17 years of education without learning how markets work?
Typical-Length-4217 t1_je1h9n8 wrote
This same irony can be applied to open borders policies. So many of the folks who promote open border policies also promote low cost housing, totally disregarding the notion of global demand. It’s like they cannot comprehend that uncontrolled population growth could also cause an uncontrolled increase in the price of housing.
Rumpthrust t1_jdzloze wrote
20% of everything you say is 1% away from 90% of all the bullshit you think is true because I can make up 15% of stats that sound good. Verisimilitude is your best friend
Viewing a single comment thread. View all comments