- 26 Jan 2019 05:14
#14982873
I suggest the the answer to the current situation is a new law in the US to reduce the normal workweek to 20 hours and double* all the workers pay at the same time.
This would make it easy for a worker to work 2 jobs at the same time. If he/she loses one then he/she isn't totally unemployed. And a 20 hour job will pay enough to make normal ends meet.
So we need a rule that larger corps. must hire an unemployed worker instead of one who already has a job.
Mainstream economists make a big deal out of how markets can react to absorb any shock. So, markets should be able to adjust to this shock.
The central idea here is the adjust the economy to the new fact that automation has reduced the amount of work there is to do to keep the economy going and living standards high so that there are not enough jobs to provide everyone with one that pays a living wage. Exactly like when the normal workweek was reduced to 40 hours during the Depression.
.* . Current part time workers would get less of a raise because they would not get a lot less hours of work like a 40 hour a week worker would. But, they would get something like 50% more.
Yes, I know it's radical. It's just a thought.
This would make it easy for a worker to work 2 jobs at the same time. If he/she loses one then he/she isn't totally unemployed. And a 20 hour job will pay enough to make normal ends meet.
So we need a rule that larger corps. must hire an unemployed worker instead of one who already has a job.
Mainstream economists make a big deal out of how markets can react to absorb any shock. So, markets should be able to adjust to this shock.
The central idea here is the adjust the economy to the new fact that automation has reduced the amount of work there is to do to keep the economy going and living standards high so that there are not enough jobs to provide everyone with one that pays a living wage. Exactly like when the normal workweek was reduced to 40 hours during the Depression.
.* . Current part time workers would get less of a raise because they would not get a lot less hours of work like a 40 hour a week worker would. But, they would get something like 50% more.
Yes, I know it's radical. It's just a thought.