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this post was submitted on 19 Jul 2023
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The trouble is, none of those are the real reason, which is that the ruling class wants it to have all those "problems" because increasing the risk and cost of people changing jobs helps suppress wages.
You'd think a couple of ivy-league professors of economics would've figured that out. So why didn't they mention it?
Because their arguments can be made empirically and therefore justified. Please find me a member of the ruling elite who will admit what you just proposed. No evidence, no change
Good question. I know this is an unpopular opinion but maybe... they are actual subject matter experts and you're not?
I know, blaming a group of evil people is tempting, easier to understand and more satisfying that than a complex system of misaligned incentives grown organically through many decades of well intentioned but ineffective measures. Not that I know much about it, but, you know, conspiracy theories tend not to be true.