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“Employers in the private sector would have to match the Public Service wage-benefits, either line by line, or in some other compensating way. Private businesses would be encouraged by ‘market’ pressures to either offer health insurance or compensate in some alternative way.”
What happens if private businesses just accelerate their automation and permanently decrease their demand for low and semi-skilled labor?
The late Abba Lerner argued that without true full employment policy, efficiency is inefficient. With one, increased efficiency can result in more leisure time (shorter work week) and reallocation of labor to more important tasks (care of people and the planet)?
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