Re:Why U.S. Women Are Leaving Jobs Behind
by dclowd9901 on Saturday December 13, 2014 @02:48AM
(#8744556)
It doesn't just make housing more expensive.
1) It creates a supply-side surplus for labor, which lowers the value of labor, which
2) Causes people to be paid far less, and
3) Causes people to have to work harder to keep their jobs, thus
4) Causing the greatest slowdown in wage growth ever, with record-setting productivity numbers
I don't have any data on it, but my supposition is that most households have at least one, if not two individuals working jobs they would rather not be doing, but have to for financial reasons.
A basic income would solve this problem by taking workers out of the system who would rather be doing something/anything else, all the while, jacking up the cost of skilled labor immensely. A wild ass guess? By 3-4x, judging from trends before wage increases flatlined.
1) It creates a supply-side surplus for labor, which lowers the value of labor, which
2) Causes people to be paid far less, and
3) Causes people to have to work harder to keep their jobs, thus
4) Causing the greatest slowdown in wage growth ever, with record-setting productivity numbers
I don't have any data on it, but my supposition is that most households have at least one, if not two individuals working jobs they would rather not be doing, but have to for financial reasons.
A basic income would solve this problem by taking workers out of the system who would rather be doing something/anything else, all the while, jacking up the cost of skilled labor immensely. A wild ass guess? By 3-4x, judging from trends before wage increases flatlined.