Letting government give a basic income and the private sector filling supply is a much more reasonable solution.
Let’s a free market exist to satisfy demand while recognizing the end of jobs is about here.
Letting government give a basic income and the private sector filling supply is a much more reasonable solution.
Let’s a free market exist to satisfy demand while recognizing the end of jobs is about here.
Even Adam Smith warned of natural monopolies. Nearly any economist will tell you letting them be private and under-regulated is nuts.
The same with healthcare. Why is every other first world country able to get objectively better health outcomes for less money with universal healthcare? How is our system better?
Is health expenditure in the US higher than in other countries? Yes, but that is because the US is rich, really rich. If we plot US Real Household Income against healthcare consumption, the US is perfectly inline with global trends[1].
[0] https://www.cdc.gov/cancer/dcpc/research/articles/concord-2....
[1] https://randomcriticalanalysis.com/2018/11/19/why-everything...
Also nurses and other low-level health workers have low pay compared to the rest of the first world as their salaries did not increase as much as other wokers.
[0] https://www.who.int/whr/2000/en/whr00_en.pdf
[1] https://www.commonwealthfund.org/chart/2017/health-care-syst...
[2] (doing the math myself i found 13% but i think that's because they are also paying the retirement pensions)