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by kitchi 23 days ago
I'm not sure how lower wages == more jobs.

The assumption with that statement is that there is a net amount of money to be dispensed, and either a few highly compensated employees get those jobs or many low wage employees.

But the very fact of wage theft indicates that the employers want to keep more money in their hands, and distribute less of it. So it really just amounts to small numbers of underpaid jobs.

2 comments

Most things experience higher demand when the clearing price is lower. I expect that jobs (or at least “labor hours”) would be firmly in this set.

The mechanism would be some business somewhere would have thousands of hours of tasks that were worth around $12/hr to the business. If the market wage was $15/hr, that work doesn’t get done. If the market wage is $8/hr, it gets done, at least to a much greater extent than in the $15/hr case.

People/politicians argue for more jobs, because arguing for more money generally goes nowhere. First comment was satire or sarcasm.

Second one is I think what garnered downvotes, and said sincerely: TAX.THE.BOTS.FOR.UBI.NOW!