Instapundit » Blog Archive » WOULDN’T A PAY INCREASE DRAW MORE PEOPLE IN? Trucker shortage prompts calls for driverless big rigs…
Yes, but where are you gonna find the magic money? The problem is people are willing to spend only $X for the product not $Y. If trucking adds enough increase the price to $Y people don't buy it. They might simply not make this purchase, or they may substituted something else. But raising the truckers pay requires actual money, and if the customers are unwilling to pay, they are unwilling to pay.
This is simply Insty making the same mistake progressives make with things like the minimum wage. Paying the truck drivers more will result in more truck drivers, but fewer product sales, resulting in less need for truck drivers. The choice is to find a way to lower the cost, not increase the cost.