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I expect their employers to go out of business because their business model is predicated on paying workers as little as possible and not investing in things th
by EdwardDiego 18d ago
I expect their employers to go out of business because their business model is predicated on paying workers as little as possible and not investing in things that improve productivity per worker.
If you think this will lead to large scale unemployment, you're wrong.
It might, however, lead to exploitative employers going out of business, but alternatively, and hopefully, seeing the light and investing in productivity improvements.
Let me put it this way - the USA's (Land Of The Free, and the Criminally Underpaid) unemployment rate is near identical to the Norwegian unemployment rate, so obviously the American should-be-criminal low (well, it would be criminal in a sane society not captured by the owners) minimum wage isn't exactly the magic "everyone gets a job" juice you obviously think it is.
And to prëempt you, yeah yeah, you're "just asking questions" even though you have an incredibly obvious pre-existing belief that you never explicitly identify upfront because it makes you feel clever or whatever the hell wee kick you get out of this attempt at sophistry.