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frikskit | 6 months ago

Why not set very low maximum wage ceilings and have 100% employment? /s

discuss

order

themafia|6 months ago

Are you going to reduce lottery payouts and maximum stock investments as well?

Will I still be allowed to hunt for food?

Society is something better encouraged than gamified.

Ray20|6 months ago

> Are you going to reduce lottery payouts

They will decrease on their own if people think about where to get food, and not about extra money for the lottery.

> and maximum stock investments as well?

No, there are no restrictions. Any amount of investment. But there are only government's stocks and the terms of return on investment are determined by the government

> Will I still be allowed to hunt for food?

Only deep in the sparsely populated provinces. To avoid armed rebellions.

> Society is something better encouraged than gamified.

You'll be surprised at what methods encourage people best.

Read the biography of Korolev, who sent the first satellite and the first man into space. A case was fabricated against him, he was sentenced to 10 years in a gulag, but after a year he was transferred to a prison for engineers, on the condition that he will be a very effective engineer.

And he was. The results of such encouragement were amazing and almost unachievable by any other methods.

roenxi|6 months ago

Because that happens naturally without a law. People lower the wage they ask for until they get a job.

actionfromafar|6 months ago

I think they were sarcastic.

barchar|6 months ago

This has been tried, and actually does work reasonably well.

Well, not maximum wages as policy but policies where high productivity workers take a lower wage than they could individually bargain for in exchange for boosting wages of low productivity workers.

It provides a windfall to the most productive industries and a squeeze to the least productive ones.

em500|6 months ago

Why not set very high minimum wage floors and make 100% of worker rich? /s

Turns out economics is actually more difficult than "higher minimum wage is good/bad".