Re: “Wage commonplace for Seattle supply drivers at an deadlock” [July 10, Business]:
Our Seattle Metropolis Council usually makes an attempt to impose synthetic guidelines on the native financial system. The U.S. financial system runs on a free market. If supply wages are too low, then there won’t be sufficient drivers and eating places/apps should pay extra to retain them. If supply wages are too excessive, then there will likely be fewer orders, and fewer drivers wanted till the market finds the right stability.
The great thing about the free market is that it’s self-correcting. Imposing synthetic legal guidelines onto the market will at all times have unintended penalties. And, to make issues worse, our council is just not made up of certified economists. So after all they made a large number of issues with the brand new supply driver wage regulation, and now they are going to impose extra guidelines to appropriate the sooner rule, and the mess will continue to grow.
Michael Kovacs, Seattle
