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<blockquote data-quote="zubenelgenubi" data-source="post: 3667128" data-attributes="member: 63706"><p>I've spent a lot of time thinking about and researching this issue. I still haven't been able to come up with any really good ideas about how to improve the situation. Almost all of the ideas I have include varying degrees of government intervention, and I tend to trust that less than a completely free market, which I don't trust much either. Even if we were to go backwards on minimum wage, I don't trust companies to go backwards on prices, or forwards on skilled labor wages. Like with the oil price volitility that caused price/cost increases across all industries, the prices took a long time to correct even after oil prices stabilized. Mostly they stayed in place until inflation caught up.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 3667128, member: 63706"] I've spent a lot of time thinking about and researching this issue. I still haven't been able to come up with any really good ideas about how to improve the situation. Almost all of the ideas I have include varying degrees of government intervention, and I tend to trust that less than a completely free market, which I don't trust much either. Even if we were to go backwards on minimum wage, I don't trust companies to go backwards on prices, or forwards on skilled labor wages. Like with the oil price volitility that caused price/cost increases across all industries, the prices took a long time to correct even after oil prices stabilized. Mostly they stayed in place until inflation caught up. [/QUOTE]
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