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cwmooreyesterday at 10:31 PM1 replyview on HN

Lower wages mean more jobs though, right?

BTW, why don’t we tax the bots for UBI?


Replies

kitchiyesterday at 10:51 PM

I'm not sure how lower wages == more jobs.

The assumption with that statement is that there is a net amount of money to be dispensed, and either a few highly compensated employees get those jobs or many low wage employees.

But the very fact of wage theft indicates that the employers want to keep more money in their hands, and distribute less of it. So it really just amounts to small numbers of underpaid jobs.