pull down to refresh

0 sats \ 3 replies \ @Solomonsatoshi 10 Dec \ parent \ on: Minimum Wage Laws Can't Repeal the Laws of Economics econ
Nonsense- You get wage slaves and poverty... Look at India and other third world economies where there is no minimum wage...and there is far from 100% employment.
write
preview
104 sats \ 2 replies \ @mrsu 10 Dec
Third world countries like India or Nigeria also have moronic Kafkaesque rules for starting a business. This means many workers end up working for shady unregulated businesses instead.
Focus should be on sensible regulation to ensure workers are not mistreated, are able to keep what they earn and operate in a relatively safe environment.
Minimum wage rules just removes jobs from the economy that are the only jobs that some people are able to do. This is not helpful for poor people with low skills.
reply
24 sats \ 0 replies \ @Rothbardian_fanatic 10 Dec
Sensible regulation from the state? You are looking for a creature that does’t exist, like a unicorn. Everything the state does is for the benefit of the overlords or party princes or whatever you would like to call them.
reply
0 sats \ 0 replies \ @Solomonsatoshi 10 Dec
Sensible regulation that ensures workers are not mistreated includes a minimum wage- recognising the natural power imbalance that exists between low wage earning workers and their employers. Show me where there is no minimum wage and workers are not mistreated... Silence.
reply