A price cap seems to be based on the premise that not having a service at all is better then having it be too expensive. I find that idea very questionable.
Replace that price cap with a wage cap for the people at the top that is based on the wages of everyone else in the company and companies it contracts (to avoid the obvious loophole as well as giving an actual mechanism for “trickle down”).
How would that work, really? I can’t figure out how that could be regulated.
Establish a wage floor.
Establish a price cap.
If the corporation can’t make a profit from this, then perhaps their business model was not viable in the first place.
A price cap seems to be based on the premise that not having a service at all is better then having it be too expensive. I find that idea very questionable.
“Let’s treat our workers like slaves or else the entire economy will suffer” is a far worse take IMHO.
i don’t think that is what they meant. is that a strawman you’re slaying?
Replace that price cap with a wage cap for the people at the top that is based on the wages of everyone else in the company and companies it contracts (to avoid the obvious loophole as well as giving an actual mechanism for “trickle down”).
How is the price cap determined?
“No fair! Our business model was very simple: price gouge the customer while exploiting our labor force!”