The way to reshape labour laws is to offer an alternative job defining the socially minimum acceptable job in a local area.
Business then has to compete with that to attract labour. No other labour law required. Simple competition sorts it out.
That is also has the advantage of being a geographically targeted federal automatic stabiliser that operates far more effectively than interest rate targeting via bank lending, and ends unemployment permanently and forever is just an added bonus.
Business then has to compete with that to attract labour. No other labour law required. Simple competition sorts it out.
That is also has the advantage of being a geographically targeted federal automatic stabiliser that operates far more effectively than interest rate targeting via bank lending, and ends unemployment permanently and forever is just an added bonus.