Earlier quoted context omitted.
If there was an alternative in the form of a guaranteed not-terrible job at minimum wage, wouldn’t that necessarily raise wages (or maybe working conditions) for currently terrible jobs? Giving people a real choice seems easier than regulating every possible kind of job.
Why even bother with a guaranteed not terrible job? Seems simpler to go with universal basic income than wasting resources on uneconomic jobs.
An experimental program in Austria that creates work for the unemployed
111–120 of 198 posts
Re: An experimental program in Austria that creates work for the unemployed
#112Earlier quoted context omitted.
It's not only about the person cleaning the toilets, companies often have more than one employee that's paid too little. Look at nurses for example: you need plenty of them in hospitals and nursing homes, they are (in my opinion) severely underpaid. Raise their wages by 50%. You can make an educated guess how that will influence the price of healthcare or living in a nursing home.
>You can make an educated guess how that will influence the price of healthcare or living in a nursing home. Based on the $49 charge for 5ml of sugar water to calm our newborn baby down so a nurse could draw his blood, probably not much. (The nurse failed to draw his blood. After four or five failed attempts over several hours they eventually asked a nurse from the NICU to come over, who got it first try.)
Re: An experimental program in Austria that creates work for the unemployed
#113Earlier quoted context omitted.
Exactly, wealth is being concentrated at the top to such extremes that there is no more excess money in the lower/middle classes to tap. So somehow or other the increase in wages will have to come from the wealthy, whether through intentional redistribution, market forces, or peasant uprisings. Likely some combination of all three. Eventually it just becomes a physics problem. If $100 exist in the world, and one guy…
Your comment assumes that like energy, money cannot be created or destroyed. Which is false. Anyone can create new money by talking a loan from the bank. However this point also helps your argument: When you borrow you pay interest to someone richer. In a sense a combination of whoever you sent the money to, and the bank.
Re: An experimental program in Austria that creates work for the unemployed
#114Wait a second, if somebody asks an overinflated way-over productivity wage for cleaning toilets because of a supply shortage, this is considered being unethical and "unwilling to do the dirty work, while receiving benefits", but asking a way way overinflated price for housing because of a supply shortage is considered good and healthy for the market and drives investment without shaming the investors for receiving un…
In the US and UK (and probably many other countries) the government has a default stance of allowing no or nearly no development without excruciatingly painful, expensive, and slow bargaining with city hall. The primary job of a developer is to get permission to build something.
The government is killing supply, not the developers.
Re: An experimental program in Austria that creates work for the unemployed
#115Earlier quoted context omitted.
Germany doesn't have Minijobs? They're pretty much what this article is describing.
Germany doesn't have > the cycle of "I'll take whichever bad choice is least bad right now because I'm desperate." Welfare covers the basics and provides for a modest life, no desperation included.
Re: An experimental program in Austria that creates work for the unemployed
#116Earlier quoted context omitted.
Your comment assumes that like energy, money cannot be created or destroyed. Which is false. Anyone can create new money by talking a loan from the bank. However this point also helps your argument: When you borrow you pay interest to someone richer. In a sense a combination of whoever you sent the money to, and the bank.
Can poor people take out a loan and create new money?
Re: An experimental program in Austria that creates work for the unemployed
#117Earlier quoted context omitted.
Why even bother with a guaranteed not terrible job? Seems simpler to go with universal basic income than wasting resources on uneconomic jobs.
There is a problem right with the motion of "uneconomic". If fixing basic infrastructure or growing food is unprofitable, but building sportscars or yachts is not... that seems to indicate a problem with the economic system of allocation of resources.
Re: An experimental program in Austria that creates work for the unemployed
#118In communist Poland (probably whole Warsaw Pact), not only were they guaranteed, there was an obligation to work. You could go to jail if you avoided work. This created a somehow funny effect, were many just did the absolute minimum on the job.
My grandma used to tell me about this situation. Specifically, how infuriating it was to work with people that would do the absolute minimum and be rewarded like people making an effort.
Re: An experimental program in Austria that creates work for the unemployed
#119Wait a second, if somebody asks an overinflated way-over productivity wage for cleaning toilets because of a supply shortage, this is considered being unethical and "unwilling to do the dirty work, while receiving benefits", but asking a way way overinflated price for housing because of a supply shortage is considered good and healthy for the market and drives investment without shaming the investors for receiving un…
I agree with your sentiment, but your anger re: housing is misdirected. Developers do not short the housing supply. Like most businesses they make more in volume than they do in margin and would happily build more units at any price range if it was legal. In the US and UK (and probably many other countries) the government has a default stance of allowing no or nearly no development without excruciatingly painful, exp…
But, how does it come, that these procedures to get building permits have been slowed down/bureaucratized to the point that it almost seems intentional?
Also, the anger is not about them intentionally shortening supply - it’s about them intentionally asking and taking the higher prices. Nobody forces them to take more than e.g. a 10% shortage signal markup, but we force people on the other side to wipe the floor with their dignity.
Re: An experimental program in Austria that creates work for the unemployed
#120Earlier quoted context omitted.
I agree with your sentiment, but your anger re: housing is misdirected. Developers do not short the housing supply. Like most businesses they make more in volume than they do in margin and would happily build more units at any price range if it was legal. In the US and UK (and probably many other countries) the government has a default stance of allowing no or nearly no development without excruciatingly painful, exp…
I understand your willingness to attribute wrong behavior to the correct culprit. But, how does it come, that these procedures to get building permits have been slowed down/bureaucratized to the point that it almost seems intentional? Also, the anger is not about them intentionally shortening supply - it’s about them intentionally asking and taking the higher prices. Nobody forces them to take more than e.g. a 10% sh…