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>his policies are relatively common sense and middle of the road. Rent control isn't middle of the road, it's 100% socialist. Same thing with city run grocery stores. He also wants to defund the police while replacing them with community outreach people, as well as raising the minimum wage to $30 in 5 years which is absolutely wild. None of this is middle of the road in any way, shape, or form. |
https://www.epi.org/blog/the-value-of-the-federal-minimum-wa...
https://finance.yahoo.com/news/minimum-wage-york-2024-live-1...
https://livingwage.mit.edu/
Edit: If the system of “we make asset prices go up while labor prices are inflated away” gets to the point where a living wage is unobtainable (we are here), we can change the system. The name is irrelevant, it’s fundamentally “what are you optimizing for?”
This happens eventually (wage increases) due to global structural demographic working age population compression, the argument is really time horizon if we help people live better lives with dignity now vs years from now as labor supply declines.
https://www.sas.upenn.edu/~jesusfv/Slides_London.pdf
https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...