Home Forums Principles of Economics Minimum wage and power imbalance Reply To: Minimum wage and power imbalance

  • Zaher

    May 23, 2021 at 19:12

    A thing that may not seem nice but still worth considering is that the only reason such bad policies can be sustained this long is the half-ass solutions governments keep introducing to prolong the suffering once people are about to revolt. So may be it is better to let the system deteriorate till it collapses so we even have a chance to change it. Arguing that the near term limited benefits (by introducing minimum wage) outweigh the long term continuous harms isn’t logical to me.