All in Policy
There’s something very sick at the heart of America. Something that in 2016 cost us $10,345 per person, and got us next to nothing in return. It’s a healthcare system three times as expensive as most, and achieves a life expectancy no higher than many third world countries. It is a conspiracy of profit and predatory Capitalism, driven by Adam Smith’s invisible hand.
So, let me pose you a hypothetical question: if we instituted a federal investment scheme for employee-owned startups to make them a major part of the economy, would the resulting reduction in the supply of skilled labor available to private firms cause all salaries to rise accordingly? Maybe it’s time to introduce a new gold standard, but for salaries, in which productivity and compensation are inherently linked.
