Maybe 'not enough to live on' is a false premise - maybe the natural equilibrium *is* enough to live on for a subsection of people, and artificially pushing the equilibrium upwards (minimum wage) somehow has spillover effects onto people who need higher pay (like a family)
-
-
Show this thread
-
Maybe there's something weird specifically with *low* pay labor/demand markets. High paying jobs often do feature very strong employee power - lawyers can make private practices; head hunters try to poach employees, etc. Why is the equilibrium inadequate for low wage categories?
Show this thread -
Maybe there's not enough 'natural' competition among companies at low wages? Just, not enough jobs in general offering entry level positions. If more jobs opened up, employees could put way more pressure on companies, and wages would naturally increase to be competitive.
Show this thread -
Basically, I'm operating under the assumption that the need for a minimum wage is abnormal. The idea that we have to literally ban the option for consenting adults to agree to certain types of exchanges means that something else is very wrong inside the system.
Show this thread -
My priors make me want to guess that regulations that make it difficult for new businesses to pop up, or tax burdens that make it difficult to hire more employees, and lobbying'd laws from corporations that suppress competition, are the real culprits for low equilibrium.
Show this thread
End of conversation
New conversation -
-
-
This Tweet is unavailable.
-
And this is just one angle on how unequal the bargaining position is
- Show replies
-
-
-
This is almost 100% about immigration. This thread pretty much explains it: https://twitter.com/JayTSack/status/1085246104696893440 …
This Tweet is unavailable.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Money is power, the powerful don't want to give up power. The lower wage worker could start their own business at any point, however the likely good they have the capital neccessary is unlikely. Current market is severely lacking middle class opportunities. Entrepreneurs are
-
I've been self employed for years and the tax burden is incredibly difficult. I wonder how much the tax burden reduces the amount of new small businesses that start up.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.