Re:Low unemployment isn’t worth much if the jobs barely pay
by lenkite on Monday January 13, 2020 @02:47PM
(#22037874)
(PS: I did not downvote you).
People have the same rights. However, relative economic value is definitely different from person to person. Denying this is denying basic reality.
Taking an example from a parent post - caregivers do NOT have high relative economic value. Anyone over 18 can become a caregiver without even passing high school and become a certified home care aide. Enforcing a higher pay through law will is only likely to increase un-employment. The market on the other hand is self-correcting.
The federal government being the lender for loans has only lead to higher cost of loans and un-employed arts graduates who cannot get a job and cannot payback those loans. Without the federal government backing, those loans were un-likely to have been offered in the first place, unless there was current/future demand for arts graduates.
I strongly believe that most aspects of living (for people and communities as you put it) indeed need a dollar value otherwise un-realistic and un-workable economic expectations come into play.
We have seen this play out in the past with failed governments and we will continue to see this in the future.
Taking an example from a parent post - caregivers do NOT have high relative economic value. Anyone over 18 can become a caregiver without even passing high school and become a certified home care aide. Enforcing a higher pay through law will is only likely to increase un-employment. The market on the other hand is self-correcting.
The federal government being the lender for loans has only lead to higher cost of loans and un-employed arts graduates who cannot get a job and cannot payback those loans. Without the federal government backing, those loans were un-likely to have been offered in the first place, unless there was current/future demand for arts graduates.
I strongly believe that most aspects of living (for people and communities as you put it) indeed need a dollar value otherwise un-realistic and un-workable economic expectations come into play.
We have seen this play out in the past with failed governments and we will continue to see this in the future.