Re:What harm do minimum wages do?
by lotsofpulp on Wednesday August 19, 2020 @03:19PM
(#24214934)
Whatever their goal is, the execution obviously benefits owners of capital disproportionately more than sellers of labor.
If economic growth is more than the interest rate, the owners pocket the difference. If economic growth is less than the interest rate, the owners get bailed out. But in all cases, growth for the sellers of labor always lag the growth for the owners of capital.
If economic growth is more than the interest rate, the owners pocket the difference. If economic growth is less than the interest rate, the owners get bailed out. But in all cases, growth for the sellers of labor always lag the growth for the owners of capital.