Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 522500031916539943
lol
"you can replace the woman that is cleaning corridors at your office in no time
"
Yes there would be competition in the labour market
and employees would have to pay well
do you think there are more business looking for people to clean their offices than people looking for that sort of job?
because that would be the only way that the employee would have less to lose than the employer
Yes
lol
Well atleast in the US
theres more job openings than job less
wages are rising and will rise more than ever
because employers compete for labour too
but surely in the US a lot of people are constrained to their immediate area for job opportunities, since lot of people cant afford a car
and public transportation in the US i heard is kinda shitty
dude 90% of households owna car
and buses are easy to take
same with metro
And that isn't a problem since most of these jobs are local
idk these issues differ from state to state, some are easier to invest and create business than others
and there are many variables
as a government, let's say a state government, you need a profound knowledge and many studies to be able to determine if more deregulation would lead to more investment, and if the trade off of less workers right for more finantial freedom would be justified
like if the trade off was something like a range of 2-5% more investment but in turn you cut minimum wage by $500 like why would you do that?
in some cases that would just be the equivalent of 2-3 new jobs, and everyone on the minimum wage would be worse off
you gotta balance it out
if you ordered an independent study that told you that investment would stay constant even if you added a labour law to protect workers i'd say thats a good trade off. no harm no foul
"you cut minimum wage by $500 like why would you do that?"
You would probably allow the employees to be paid more
since they save on money
yeah but you can get studies to tell you how likely that would be to happen
you cant assume ceteris paribus every time
It's more of economic theory
When you cut regulations you save the firms money
= economic growth, higher wages, lower unemployment
in theory, ceteris paribus, you would be correct, but in practice often times more regulation doesnt necessarly mean people are worse off than before
It's always like that
regulations don't do anything
it's literally not
apart from raise prices
limit consumer choice
cause high barriers to entry