LogFAQs > #965064850

DoomTheGyarados posted...

What are your thoughts on wage stagnation with no end in sight? Also there can be unions that don't protect outright bad employees. It is a harsh reality in my country that the wealth gasp is crippling and the ability to collectively bargain has to be a part of that. I would hope that any decent union could gain more money for its employees than union dues owed after all. I feel as if not every union is designed around keeping every bad employee.

Wage stagnation is a proven fact, there is no argument there. Unions are not the solution. There is no easy solution here as the correct one would be to have all western countries agree to corporate taxation that eliminates tax havens and loop holes. The problem there is places like Ireland/Luxembourg/Isle of Man etc. make an absolute killing by offering low tax rates, money that they otherwise would not have.

In a perfect world, closing corporate tax loopholes, adding in higher taxation for capital gains/income over a certain level, and implementing a minimum wage that is tied to the rate of inflation are the solutions to wage stagnation.

While we're at it we need to add to every high school curriculum and explanation of how the financial system works, including an explanation about how Elon Musk doesn't actually have "eleventy bajillion dollars" because I find a lot of the people that push for these policies get so bogged down in complete ignorance that they do their arguments a huge disservice.