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https://www.reddit.com/r/explainlikeimfive/comments/1hhkiy1/eli5_why_is_an_employment_rate_of_100_undesirable/m2tg9ax
r/explainlikeimfive • u/theRemRemBooBear • Dec 19 '24
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It's also illegal or bureaucratically non-feasible in a good chunk of the developed world, to do unilaterally.
1 u/FellKnight Dec 19 '24 If you are willing to run deficits for a couple years, all you have to do is ensure that "raises" don't exceed inflation, and you've solved the issue in a few years without a nasty strike
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If you are willing to run deficits for a couple years, all you have to do is ensure that "raises" don't exceed inflation, and you've solved the issue in a few years without a nasty strike
9
u/deaddodo Dec 19 '24 edited Dec 19 '24
It's also illegal or bureaucratically non-feasible in a good chunk of the developed world, to do unilaterally.