Re:California Labor Bill, Near Passage, Is Blow to Uber and ...
by bryanlarsen on Tuesday September 10, 2019 @11:18AM
(#20929161)
> but at the cost of a much smaller overall workforce.
That's what people predict about minimum wage increases too. Yet the effect has always been smaller than predicted, sometimes even non-existent.
This will force companies to hire more employees, true, but at the cost of a much smaller overall workforce. Remember that cost is a constraint for businesses.
Depends what is more valuable from a human + capitalism perspective, fewer work opportunities that pay better or more competition and “starter/flexible” work overall.