Reviewing history does it seem to any of you that the lower wages are the more freedom we have?
Before the Black Death of the 14th century feudal lords moved to free their serfs so that they could collect high rent. After the Black Death they moved to change the laws to prevent serfs from becoming free because the rents were too low.
Then came mercantilism with the ceilings on wage, because of the labor shortages. That continued on until the 18th century when labor supply was in abundance. Then the movement was towards free markets.
Does anyone agree or disagree with me? What will happen when the labor supply starts falling again? What would happen if we had another epidemic like the Black Death?
Before the Black Death of the 14th century feudal lords moved to free their serfs so that they could collect high rent. After the Black Death they moved to change the laws to prevent serfs from becoming free because the rents were too low.
Then came mercantilism with the ceilings on wage, because of the labor shortages. That continued on until the 18th century when labor supply was in abundance. Then the movement was towards free markets.
Does anyone agree or disagree with me? What will happen when the labor supply starts falling again? What would happen if we had another epidemic like the Black Death?
Comment