He will cite some economic study that assumes employers will drop wages. It is just that, an assumption and he believes it with all of his heart. If you get an explantion from him of exactly why that will happen in the real world please ping me. Inquiring minds.Just like you assume prices will drop with nominal wages staying the same. The difference is that your assumption is your's, "mine" is actually the opinions of a vast array of economists.
The vast array of economists that predict end of year prices each year for the Wall Street Journal are wrong 9 out of 10 years. The studies you posted mention that wages will have to drop. But wages don't just drop. They have to be cut by an employer. The vast array of economists don't seem to have any good reason why an employer would cut those wages. They just say it will happen. I can't for the life of me see why. If you would explain it for all of us here then we can debate it. Otherwise it is just economic nose dribble.
Why in heaven's name would an employer drop wages?
The way I am understanding this the employer will actually be laying out less money by not having to pay all the insidious taxes on the wages.
It seems wages would at worst stay the same or go up depending upon the employer. If I were the employer and given the choice of the current system, or not dealing with it, I'd give my employees the difference.
BTTT.