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by nradov
246 days ago
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Your beliefs don't change economic reality. Some workers simply aren't capable of generating $10/hr of economic value. If wages are fixed at a higher rate then all of those people will be unemployed. Employers won't voluntarily hire them and lose money. Instead the work will be automated or not done at all. One potential solution is for government to subsidize their wages through mechanisms like the Earned Income Tax Credit. That helps low-skill workers to gain some experience and move up the ladder without artificially distorting the labor market. |
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The only ones that I believe this can genuinely be true of are people with various types of disabilities. Which I addressed in my post.
The idea that there's this large percentage of fully able-bodied workers who are completely incapable of ever being trained to do any kind of skilled work doesn't pass the smell test. At best, it reeks of various racist/eugenicist ideas.