Quote:
Originally Posted by d2_e4
So why do you think lowering MW would be beneficial?
It would lower the price of nearly every product & service the middle class buys.
It would reduce unemployment.
Quote:
Originally Posted by d2_e4
What makes you think that the current level is above the level that nobody would work for?
I'm not sure if you meant to word your question the way you did or not. I do not think MW is above the level where nobody would be willing to work which is to say I think there are people out there that would be willing to work below MW.
As long as the government keeps giving away money to the unemployed above what they normal get it may not be. However, they can't do this forever so if we look at the time after the government fixes this mistake (or if we look at the time right before corona) we will see unemployment being reduced by still higher than we otherwise would see with no MW.
I know a lot of liberals think poor people are lazy and given the choice they would choose a smaller income and not have to work over a larger income and have to work, but I disagree with this. In general, people want to work and make their lives and the lives of their families better. So don't give me that well some people are lazy and won't work even if there was a higher demand for labor.