News for hackers. Stuff that matters.

A comment on Uber will charge significantly more per trip as new Seattle law goes into effect. Parent comment

Re:Uber will charge significantly more per trip as new Seatt... by throwaway201103 on Thursday December 31, 2020 @01:52AM (#25590243)
WWII-era wage controls meant to combat inflation. Employers sidestepped them by offering other benefits to attract employees. Health insurance was a big one. It became entrenched and we're still stuck with it today.
[ Parent | on HN ]
Re:Uber will charge significantly more per trip as new Seatt... by rrrrrrrrrrrryan on Thursday December 31, 2020 @01:50PM (#25595733)
With economic policy, I sometimes wonder if artificial floors tend to cause less strange distortions than artificial ceilings, because there's usually already a floor: zero. We just raise it a bit.

I feel like it's easier to anticipate the side effects of raising a minimum wage than it is for an earnings cap.

[ Parent | on HN ]