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by lotsofpulp
1906 days ago
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“Wages” (or prices) should be determined by supply and demand curves. If the government wants minimum wages to rise, then it should lower supply of labor and/or increase demand for labor. The government can lower the supply of labor willing to work for low wages by offering a basic income, pay for people’s education, etc. The government can increase the demand for labor by decreasing the number of hours needed to reach overtime (per day and per week), mandating vacation time and parental leave, etc. All of this, however, very explicitly increases government expenditures requiring tax increases and clearly shows the wealth transfer, so it’s politically less popular than trying to foist it onto select businesses. |
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