Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 522496279104716806
i imagine i'd agree with you on most stuff
idk what do you believe
i think i'm a centrist in economy lol
though i'm more inclined towards free market
there should be some regulations to protect workers
and then i think the state should have protectionist measures for essential industries in the country, like infrastructure
What regulations
as in just an example or so
I mean, I'm no economist, but I think minimum salary is important, unions and other things that help the workers bargaining for good job conditions are the main things
Why do you believe a minimum wage is good?
because people are too stupid to know how to bargain for a good salary
But what if I told you a minimum wage hurts more than it helps
and a good healthy nation cant have people take advantage of others in worse conditions for materialistic needs
i know what you're going to say
the ancap argument that minimum salary often creates unemployment
the point of minimum salary is to garantee that those who are working are at least earning something that can get them through the month
and these people would be the bottom of the barrel obviously
But it won't because
it'll cause inflation
and unemployment which means you mess up more people than you try to save
And you'll cause businesses to shut down
hang on
mhm
you think minimum wage is the gov just giving out a shit ton of money with no regard for averages on income and other statistics?
No
it's setting an income
that employers have to meet
Since it's higher costs, business owners will raise prices
= inflation
and unemployment too and lower working hours
since they need to keep the costs
or they'll shut down
the minimum salary would have to be adjusted to a number that would least effect normal real wages and at the same time provide a acceptable income for low paying jobs
you gotta balance it out
How would you?
it would always cause inflation
and higher unemployment
it's an increased forced cost on a firm
Artificially increasing wages hurts more people
well you'd manage inflation, all countries have inflation. and it's not always bad to have some or create more