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Originally Posted by CliffFletcher
Maybe labour shortages could be addressed by paying people more.
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Originally Posted by DFO
Like larger increases to minimum wages? We all know the vitriol trotted out for that one.
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Originally Posted by CliffFletcher
Many of those jobs pay much higher than minimum wage. Just let the market find the cost of labour.
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Originally Posted by Red Slinger
When the market alone 'finds' the cost of labour it results in those at the top getting much more and everyone else getting less. Because the market isn't dictated by some magical invisible hand. Rather, it's manipulated by the wealthy. Unless, there are regulations in place, eventually human greed will trump any so-called market forces.
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Raising the minimum wage, while helpful to those earning minimum wage, does very little to increase wages overall. We’re all just going to have to accept that there are absolutely no other options available that could help people earn more. I mean it’s not as if we’ve got all sorts of historical and present day data that clearly suggests there’s an option that works.
Best to just admit defeat and live in decline.