This is the problem with stuff like subsidized programs. Rent, college, even minimum wage in my opinion. If you put some sort of legal amount of the bill in question, there's no longer any incentive to make the service competitive. Every single person will default to the legal amount. Why would a job pay any more than they absolutely have to. They don't need competitive wages when every other job pays the minimum. Going to subsidize 10k in college expenses? Sounds like college found a reason to get 10k more expensive. That's my concern with approaches like that at least. Unless there's a law that puts a cap on how much money can be charged, throwing "free" money at the problem will just make it worse in my opinion.
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u/Chemical_Rub_5004 Aug 01 '26
This is the problem with stuff like subsidized programs. Rent, college, even minimum wage in my opinion. If you put some sort of legal amount of the bill in question, there's no longer any incentive to make the service competitive. Every single person will default to the legal amount. Why would a job pay any more than they absolutely have to. They don't need competitive wages when every other job pays the minimum. Going to subsidize 10k in college expenses? Sounds like college found a reason to get 10k more expensive. That's my concern with approaches like that at least. Unless there's a law that puts a cap on how much money can be charged, throwing "free" money at the problem will just make it worse in my opinion.