Uninformed
5,000+ Posts
There is both corporate welfare and corporate penalty. I don't think many individuals are in favor of either but I don't think many individuals understand them either. We can discuss the benefits and drawbacks of each but i doubt anyone has the patience on a message board. Suffice it to say that in general free markets work better and more efficiently than gamed markets.
however, these are side issues. Wages are determined by markets. There is an unlimited supply of unskilled labor and a limited supply of skilled labor. There are also substitutes for both skilled and unskilled labor. With that said, the outcome of labor supply and demand is that companies have more power over salaries as labor decreases in skill.
From a poor person's perspective, he/she should hope that there is a limit to unskilled workers. The fewer unskilled workers in the US, the higher the wages for the unskilled workers. Further, an increase in the number of companies or the size of companies will help low income workers as well. Punishing companies or rewarding companies will do little to change this dynamic. And artificially raising wages for the poor will only cause inflation as economics dictates.
however, these are side issues. Wages are determined by markets. There is an unlimited supply of unskilled labor and a limited supply of skilled labor. There are also substitutes for both skilled and unskilled labor. With that said, the outcome of labor supply and demand is that companies have more power over salaries as labor decreases in skill.
From a poor person's perspective, he/she should hope that there is a limit to unskilled workers. The fewer unskilled workers in the US, the higher the wages for the unskilled workers. Further, an increase in the number of companies or the size of companies will help low income workers as well. Punishing companies or rewarding companies will do little to change this dynamic. And artificially raising wages for the poor will only cause inflation as economics dictates.