Message from @Cody
Discord ID: 514342789279121428
Because a minimum wage was implemented
the entire sectors of both low and unskilled labor get flooded and unable to handle the influx of people
So the reason we can't get rid of minimum wage is because we have a minimum wage?
Yes
the addition of a class of people that are exempt from minimal wage (because they aren't citizens) though makes legal hiring of citizens a negative
The problem has existed too long
^
Its not fixable anymore
Systems tend to self-correct
Unless people riot
Or all die
they are doing that anyways
For example, black unemployment in the recession year 1949 of lower than in the most prosperous years of the 60s and 70s.
Minimum wage is a forcible distortion and a misstatement of the value of labor in a market.
of course, social programs alleviated the need to work
If you want to hand someone money, you can do so, but a market distortion is simply that: a distortion.
And your not wrong undead
the 60-70s added a lot of incentives to not work, where the 40s had you need to work to eat
I can agree that your right
My problem with minimum wage is that, genereally speaking, if you set a bar, people will rise exactly to the level of that bar
If you go to get a brand new job right now, changes are they will offer you exactly minimum wage
large spikes in social program spending also coincides with large spikes in unemployment
The minimum wage has inflated our dollar to a point where without it, we would be screwed
We would all starve
I think that is hyperbolic
Actually he has a point
Also, if a low pay means that someone is exploiting someone else, wouldn't that mean that everybody could be the "exploiter"?
And if everybody is "the exploiter" who is exploiting whom?
There is no exploitation. The wages simply reflect the relative value of the job in the given market.
Society will crumble at its knees
The whole talk of "exploitation" is infantile nonsense.
Mass rioting, murder
low negoiated pay is the workers fault, low average sector pay is social engineering
Theft
Huh?
Starvation
No, if labor is cheap, that means that YOU can also employ someone cheaply.
and using social engineering to artifically deflate wages is exploitation
I think he is just being hyperbolic at this point
Why would that lead to starvation?