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by dubcee349 1113 days ago
They probably don't pay living wages. Its easy to be cheap when you don't pay living wages.
1 comments

There's no such thing as a living wage because no matter what price you set labor at someone will fail at living there, be pointed to as an excuse to further manipulate the labor market. All there really is is the value at which the labor market clears. That they seem to have no problem providing the service at the price they are says they are paying at or above the price that would clear the labor market so there's nothing to talk about other than the government clearly overpaying, perhaps in the pursuit of a frankly stupid idea such as a living wage that is never clearly defined, constantly ratcheted higher when whatever number was mentioned previously fails to end poverty, and of which the only thing economic theory can say for certain is if the living wage price is set below the market clearing price of labor it will be ignored and if it is set above the market clearing price of labor it will cause unemployment and dead weight loss to society making it utterly ridiculous. The whole talk of this stupid idea honestly detracts from real discussion about real problems in the labor market interfering with actually making things better (i.e. the rampant monopsony and general geographic market power at the low to mid end of the employment market, the abuse of non competes at the mid to high end, etc.)