Britain to make salary disclosure in job ads mandatory

Re:Britain to make salary disclosure in job ads mandatory by ecshafer on Friday November 06, 2026 @09:16AM (#50392539)

You're disagreement with the outcomes of studies, does not mean there is widespread corruption. Rent controls, are just obviously awful things, and the data supports this. You create a lottery system, and disincentivize capital creating more supply causing a supply constraint raising prices in the long term. Minimum Wage being set to $X means prices must raise to allow that increased cost, or they will cut the position. A job a business would be willing to pay $5 an hour for gets cut when the minimum wage is $15 an hour, and just have 1 person do the work of 3. Many grocery store jobs that people used to be able to get at 13 or 14 have disappeared with the higher minimum wage for example. Taxing the rich lowers the velocity of money, disincentivizes capital to search for more profit seeking enterprises.

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Re:Britain to make salary disclosure in job ads mandatory by pydry on Friday November 06, 2026 @09:34AM (#50392761)

>Minimum Wage being set to $X means prices must raise to allow that increased cost, or they will cut the position. A job a business would be willing to pay $5 an hour for gets cut when the minimum wage is $15 an hour, and just have 1 person do the work of 3. Many grocery store jobs that people used to be able to get at 13 or 14 have disappeared with the higher minimum wage for example

What actually happens is that profit margins get hammered (notice how you forgot about those? they can go down too) and those businesses that rely upon minimum waged labor complain bitterly.

Very low margin businesses do raise prices but in the studies I saw the only two examples from a wide survey were, like, nail salons and catering.

The whinging manifests as money piled into lobbying and public outreach to prevent this type of thing from happening again and the result of that public outreach is where you formulated your opinion about what happens.

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Re:Britain to make salary disclosure in job ads mandatory by tpxl on Saturday November 07, 2026 @11:51AM (#50405980)

> Rent controls, are just obviously awful things, and the data supports this. You [...] disincentivize capital creating more supply causing a supply constraint raising prices in the long term.

So I live in a country with no rent controls with very high rents and housing costs. The capital is disincentivized from creating more supply by the fact that creating more supply devalues existing supply.

Rent controls would 1. lower the rent (obviously), 2. lower the price of existing apartments since the profit you make on them is lower, 3. like a sibling comment points out, hammer the profits of capital.

> Taxing the rich lowers the velocity of money, disincentivizes capital to search for more profit seeking enterprises.

Wow... Taxing the rich means less taxes for the poor means more people with money/time to start their own companies.

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