One part that I disagreed with was doing drastic changes such as vastly increasing the minimum wage. While that may benefit those whose wage is increased, it creates a shortage of demand for more employees. It is simple economics that when wage increases, companies want to pay for less workers. I am interested to read the rest of the novel as I have only gotten through parts of the beginning.
Monday, March 26, 2018
Born on 3rd Base
I very much enjoyed this book as it is something that I intrisically believe in. I completely agree that there is a huge inequality gap that needs to be fixed somehow but I must admit I have no idea how. While I myself grew up in a rather well to do immigrant family, I cannot say that I experienced financial difficulty. However, I do understand what Collins says when he says that the inequality gap will only widen if nothing happens. I believe that the wealthy class must give back but they must do so willingly, not out of force or pity. Imposing huge amounts of tax on them show how our society is punishing those to help others, which is counterintuitive for success and growth.
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