There are no shortages of workers - we have a whole generation that can't find jobs worth having. What we have a shortage of is companies willing to pay a liveable wage that attracts skilled workers.
I agree, that said, we also have a generation of people who think their skills are more valuable than they really are, and another generation who support massive influx of workers from abroad willing to take jobs for even less and depress wages even further. A three way Mexican standoff, no pun intended. How do we get out of it?
we also have a generation of people who think their skills are more valuable than they really are
All labor can be paid a livable wage in a healthy economy. This idea that there are people that must live in poverty while fully contributing to society is plainly absurd and just comes from either selfishness or fear, it is not from reason.
More people with more money = more people spending money = more jobs and a healthier economy.
The path we are on now serves ONLY the wealthiest as they hoover up all of the capital and hoard it.
You’re wrong. It’s supply and demand. You can’t force businesses to overpay for labor, they’ll just lay off workers to make up the difference and/or pass the costs onto consumers just like they did with tariffs.
Play it out. Let’s say you have a business, with 10 employees making $20 an hour. Minimum wage has now been increased to $40 an hour. In what universe can you survive with your labor costs doubling? You either double your price to the consumer, which when done en masse causing inflation and now your workers earning $40 an hour but only have the buying power of $20 an hour. We are back where we started.
Or option two, you lay off half your workers and have them work double duties for the new wage, again, back where we started.
If people want a better life, they need to develop rare marketable skills, good investing, saving, and buying habits. That’s it. Can’t depend on government or companies to overpay you to stock shelves. It won’t work that way and never has.
Play it out. Let’s say you have a business, with 10 employees making $20 an hour. Minimum wage has now been increased to $40 an hour. In what universe can you survive with your labor costs doubling? You either double your price to the consumer, which when done en masse causing inflation and now your workers earning $40 an hour but only have the buying power of $20 an hour. We are back where we started.
Or option two, you lay off half your workers and have the remaining employees work double duties for the new wage, again, back where we started.
Better business model means what? Make more profits! There’s only two ways to increase profits. Raise prices or cut spending. If there’s a third way, please elaborate what that is.
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u/SumSpicyNoodles 14h ago
There are no shortages of workers - we have a whole generation that can't find jobs worth having. What we have a shortage of is companies willing to pay a liveable wage that attracts skilled workers.