Government intervention in the economy did help in many ways, but it was exceedingly rare before the Progressive Era and was only a temporary benefit - rising productivity helped bring everyones’ standard of living up (in the end, regardless of whether they were poor or not)

Nobody is complaining about helping workers rights and creating the middle class they’re complaining about the ridiculous tax laws and regulations that do pretty much nothing

@Strider WHAT NO. Thhis is economics 101, workers wages are set by supply and demand and also @Anon365 people wouldnt work for bad conditions. @Leo (BillNyeLand) really? The price controls really helped the economy around 1960-70s, they helped with the 2008 recession?

@Anon365 disparity is not related to quality of life

Income inequality is not related to the quality of life or gdp growth

Turkey is more equal than usa and Germany but it’s clearly not better

I said working hours decreased while real wage increased

Obviously working conditions were worse@than today but that’s due to technology

Many of the present-day wonders we currently enjoy came from innovations that emerged during the Gilded Age — electric lighting, public sanitation, railways, and telecommunications; just to name a few

We had a drastic increase in life expectancy and wages

The quote is wrong my dude

Government intervention has actually been causing inflation and recessions across time and the purchasing power has been declining since the FED was introduced. So if anything they are slowing the increase or actually decreasing the real purchasing power. @Strider @Anon365

The government is not usually right they are ALWAYS wrong. Almost always. They’re behind every single recession, every single downturn and almost every problem.

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output. As competition became more intense, many employers competed for the best employees by offering both better pay and shorter hours. Those who did not offer shorter work weeks were compelled by the forces of competition to offer higher compensating wages or become uncompetitive in the labor market.

Labour unions didn’t do much

Same with child labour, when child labour was declining on it’s own. Union backed legislation came in

Price controls are one of the more inefficient and distorting forms of market intervention, in most cases. There are many other alternatives to price controls.

Although I don’t think there were really many in place leading up to 2008?

Yeah but nobody said price controls

However while price controls didn’t cause 2008

Other regulation did and central planning did

Peter did say prices controls

oh I see

@ventuz explain yourself

What

A out whag

I brought up price controls as an example about bad inzervention in the econom

And i didnt say thag the price controls in 2008 helped worsened the recession

Gov intervention from obama worsenes it

Ah ah ah aah fuck my tight pussy daddy

Fun fact: ed kenper beheaded his mom and had sex with her head

Speak English you coon

jk

Im on my shitty moms phone which is only 5 inches, and im not used to holding small thinfs if u know what im saying, also autocorrect is fucked

Now fuck off charlie kirk

I have tiny hands... My screen is 5.3 inches and it's too big for me

@ventuz oh you like holding big peen

hot

😠

NOT cool man

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ define shorter work week but people never worked Sundays until the industrial revolution, the modern weekend was an industrial invention sure but the weekend wasn’t