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Import of Reich’s inequality analysis is we’ve got 2 reserve unskilld nontradable jobs 4 Americans. He d.n. dare say twitter.com/NumbersUSA/sta…
Mickey Kaus
Kausfiles
Import of Reich’s inequality analysis is we’ve got 2 reserve unskilld nontradable jobs 4 Americans. He d.n. dare say twitter.com/NumbersUSA/sta…
RT @kausmickey: Import of Reich’s inequality analysis is we’ve got 2 reserve unskilld nontradable jobs 4 Americans. He d.n. dare say https:…
@kausmickey At this point, assume most Americans will need a basic income. https://t.co/rI7x2pQzH9
@kausmickey Dems MUST compartmentalize their contradictory policies, e.g. Immigration vs Jobs. Else the Cognitive Dissonance would kill ’em!
.@dpinsen @kausmickey or that everyone will be able to maintain current living standards by working 10 hours a week for 20 years
.@swinshi @dpinsen @kausmickey That would still require something akin to a basic income (govt forces biz to hire at above market wages).
@Glaivester @dpinsen @kausmickey no, all it would require is that prices drop as dramatically as labor demand
@Glaivester @dpinsen @kausmickey incomes can fall in nominal terms if prices fall by at least as much, and no one is thereby worse off
@swinshi @Glaivester @dpinsen @kausmickey what about debt? Hard to justify making payments on a mortgage if the price of ur house plummets
@dpinsen @kausmickey Nope. Government did this with open border. I will NOT pay to give them and children an income for no work now!