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Comment by mrangle

"Underpaid" and "fair" is a modern political myth, except in the instances when there is a concerted effort to undermine the semi-natural labor market. Pay will never be enough, as a point of fact. It will always be "underpaid" and "unfair" in discussion. As this is an immortal pressure and negotiating tactic. It is incentivized, and therefore we will get more of it. That works both ways, but at some point there has to be a reckoning that accepts that it is better to have employed than unemployed unskilled workers. In the context of a massive and growing unskilled population base. Yet the same people who demand that everyone earn a living wage, sometimes punctuating their points with riots, tend to be the same crowd who wants to import unskilled workers by the millions.

There is no effectively borderless world in which most are both employed and not "underpaid". It won't happen both ways. In fact, the pay trend is about to tip massively against fairness. In a manner that even will make economic rationalists uncomfortable. These "fair pay" efforts are a distraction before that storm.

parent mrangle 2 years ago

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