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by ars 992 days ago
> Yes, it's good to pay more money and for everyone to be forced to pay more money for wages.

You might not have thought that through - if you actually did that, then everything costs more, and there is no net change in affordability. All you did was cause inflation.

If you want to help everyone, without drawbacks, then increased productivity is the way to go. Then things are cheaper. Services are harder to improve though.

> There is no labor shortage.

Unemployment is historically low, so that's not correct.

1 comments

> You might not have thought that through - if you actually did that, then everything costs more, and there is no net change in affordability. All you did was cause inflation.

Is your mental model of goods and services that 100% of the cost is labor, and that everything is sold at-cost?

This makes absolutely no sense.

Unemployment is a flawed metric. Prime age employment captures everyone, not just those who fall under the government's many convenient exceptions.