Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 522496566284517381


2018-12-12 19:27:56 UTC  

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

2018-12-12 19:28:10 UTC  

Why do you believe a minimum wage is good?

2018-12-12 19:28:36 UTC  

because people are too stupid to know how to bargain for a good salary

2018-12-12 19:28:58 UTC  

But what if I told you a minimum wage hurts more than it helps

2018-12-12 19:29:25 UTC  

and a good healthy nation cant have people take advantage of others in worse conditions for materialistic needs

2018-12-12 19:29:51 UTC  

i know what you're going to say

2018-12-12 19:30:22 UTC  

the ancap argument that minimum salary often creates unemployment

2018-12-12 19:30:49 UTC  

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

2018-12-12 19:31:05 UTC  

and these people would be the bottom of the barrel obviously

2018-12-12 19:33:21 UTC  

But it won't because

2018-12-12 19:33:25 UTC  

it'll cause inflation

2018-12-12 19:33:35 UTC  

and unemployment which means you mess up more people than you try to save

2018-12-12 19:33:40 UTC  

infact you save no one since real wages will fall

2018-12-12 19:33:49 UTC  

And you'll cause businesses to shut down

2018-12-12 19:33:56 UTC  

hang on

2018-12-12 19:34:00 UTC  

mhm

2018-12-12 19:34:24 UTC  

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?

2018-12-12 19:34:32 UTC  

No

2018-12-12 19:34:37 UTC  

it's setting an income

2018-12-12 19:34:41 UTC  

that employers have to meet

2018-12-12 19:34:48 UTC  

Since it's higher costs, business owners will raise prices

2018-12-12 19:34:50 UTC  

= inflation

2018-12-12 19:34:59 UTC  

and unemployment too and lower working hours

2018-12-12 19:35:04 UTC  

since they need to keep the costs

2018-12-12 19:35:08 UTC  

or they'll shut down

2018-12-12 19:35:19 UTC  

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

2018-12-12 19:35:32 UTC  

you gotta balance it out

2018-12-12 19:35:41 UTC  

How would you?

2018-12-12 19:35:44 UTC  

it would always cause inflation

2018-12-12 19:35:52 UTC  

and higher unemployment

2018-12-12 19:35:59 UTC  

it's an increased forced cost on a firm

2018-12-12 19:36:16 UTC  

Artificially increasing wages hurts more people

2018-12-12 19:36:16 UTC  

well you'd manage inflation, all countries have inflation. and it's not always bad to have some or create more

2018-12-12 19:36:26 UTC  

Because real wages would fall

2018-12-12 19:36:40 UTC  

you would raise the minimum wage
>employees fire, lower working hours, increase prices of goods

2018-12-12 19:36:45 UTC  

so they end up worse than before

2018-12-12 19:36:57 UTC  

then they'll demand higher wages and the cycle will repeat again with more casualties

2018-12-12 19:37:22 UTC  

sorry if i sound like a cop out but i *really* dont want to jump into this rabbit hole

2018-12-12 19:37:38 UTC  

nah its k

2018-12-12 19:37:41 UTC  

there are obviously problems with regulations

2018-12-12 19:37:49 UTC  

they create problems too