And that isn't going to last, take advantage of it while you can, America.
You can build domestic industry and jobs without this dumb shit. It's just going to reduce the purchasing power.
this post was submitted on 03 Oct 2024
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chapotraphouse
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You have to lower real wages by fixing the various factors pushing up wages. Healthcare, infrastructure, housing, daycare. If a government can provide those things and basically internalize those costs the production of goods becomes cheaper and more competitive on the global stage because as an industrialist you can pay lower wages without effecting the subsistence rate of workers. This will obviously never happen.
Sort of like... prison
I mean, in a sense yes. That's why wages in prison can be so cheap, because all other costs are already internalised so you only have to pay prisoners next to nothing and they won't just keel over and die. Obviously there's the explicit force present in the guards that also compels them to work, so wages outside literal prison would have to be higher unless you assign like prison guards to every worker lol.