There are many issues like the downtrodden infrastructure, shortages in the medical sector or in the public administration. Already today some things take ages. There are many everyday tasks that become more difficult, especially for workers that cannot freely distribute their time to get that doctors appointment or daycare for their children. Also, there is risk of inflation eating up the higher wages. That depends on how much productivity can be raised but a loss of almost 15 percent in output will be hard to offset.
I have difficulty seeing this situation as a win for anybody.
Edit: for some individuals that will obviously be a win but for the society as a whole it will not.
Capitalist do not pay taxes and therefore pay for infrastructure, the medical sector or public administration. Workers do. So higher wages, are going to improve that.
Also fewer people means less demand for housing and basically the same supply. So prices will fall. That means people will be able to move to the places with the best infrastructure.
Oh and daycare for children is something, which is a fix for this. A kindergarten can take care of say 10children per employee, which allows basically ten parents to work in the meantime. That is a massive leverage.
The wages of the workers will adjust because they are what the Capitalists need. The workers cannot distribute time because they are not valued enough. With more workers the situation will get worse, not better.
Higher wages pay for that health care. When wages increase spending moves from business owners who buy yachts to workers who can buy healthcare. So less people build boats and more people treat patients.
There are many issues like the downtrodden infrastructure, shortages in the medical sector or in the public administration. Already today some things take ages. There are many everyday tasks that become more difficult, especially for workers that cannot freely distribute their time to get that doctors appointment or daycare for their children. Also, there is risk of inflation eating up the higher wages. That depends on how much productivity can be raised but a loss of almost 15 percent in output will be hard to offset.
I have difficulty seeing this situation as a win for anybody.
Edit: for some individuals that will obviously be a win but for the society as a whole it will not.
Capitalist do not pay taxes and therefore pay for infrastructure, the medical sector or public administration. Workers do. So higher wages, are going to improve that.
Also fewer people means less demand for housing and basically the same supply. So prices will fall. That means people will be able to move to the places with the best infrastructure.
Oh and daycare for children is something, which is a fix for this. A kindergarten can take care of say 10children per employee, which allows basically ten parents to work in the meantime. That is a massive leverage.
The wages of the workers will adjust because they are what the Capitalists need. The workers cannot distribute time because they are not valued enough. With more workers the situation will get worse, not better.
Wages will certainly not go up enough to combat everything else going to shit.
Who cares about a higher salary when you cannot get any healthcare? What’s the use of more money when the infrastructure is turning to dust?
Higher wages pay for that health care. When wages increase spending moves from business owners who buy yachts to workers who can buy healthcare. So less people build boats and more people treat patients.