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by yossarian1408
1806 days ago
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It helps that a minimum wage and absurd regulation conspire to eliminate a good size of firms that would otherwise be competing in a fair labour market. And let's not get started on the taxes that small and medium sized businesses have to pay, and that Amazon is exempt from. Raising social safety nets would only lead to inflation, and so now you need to put a price ceiling on essential goods&services, which leads to a shortage, and now you're in a bigger mess than when you started. Inflation and shortages in the long term does not lead to growth, it leads too stagflation. In this instance, where there is a failure in the labour market, you don't actually have to 'fix' it, you just have to give a fair labour market a chance. |
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