Governments need to pursue policies to ensure there are a surplus of jobs paying living wages for the number of workers that need to live off work. This is not the same as pursuing policies to ensure every job pays a minimum wage.
Governments need to pursue policies to ensure there are a surplus of jobs paying living wages for the number of workers that need to live off work. This is not the same as pursuing policies to ensure every job pays a minimum wage.
Now, I’m somewhere in the middle. I think shipping jobs overseas has had a catastrophic impact on wages and jobs (unions can’t protect against this in any meaningful way). Also unions will milk a company dry regardless of consequences. But they occasionally protect against some abuse. On the other hand they stifle innovation in very counterproductive ways.
On the flip side this is also what has contributed so much to global progress in terms of increased wages globally, increased standard of living, life expectancy, literacy levels, and every other measurable positive progress indicator. I'm conflicted as well.