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In the 1940s, many white workers lobbied for their to be a minimum wage because they couldn't compete with black workers who were working for less. That was the creation of minimum wage. It probably wasn't the first laws that was put in place to "protect" a certain group of workers and it wouldn't be the last. However what minimum wage did was destroy the bargining power of black workers, and this lead to biased hiring. Because most employers would have preferred white workers over black workers anyway, the only chance black people had to get hired was to largely underbid white workers. A business owner who is going to think about maximizing profit really couldn't refuse this offer, and it lead to the employment of many black workers, who had skills and could actually go out and start their own business.
Why do I mention this? Because this is the power of the market. The power of the free market, where competition has a strange habit of trumping bias. A good business will always maximize profit, even if this means that they have to do so at the cost of their personal prejudices.
However what we have in America now days has nothing to do with the power of the market. We have a system where the government controls the economy, and they pick winners and losers. Sometimes it's a black winner and sometimes it's a white loser. Who they pick doesn't really matter. The key point to be made is that they're in a position to decide someone's value, and that goes against the very nature of economics.
TLDR; Only the market should decide winners and losers. The government has no concept of value or any concept of the market. Look at all of the attempts from politicians to "fix" the economy.
We need to return to a pure free market, where the market decides everything. This means no more public schools, no more public housing, no more public police force, or public firemen, and no more public military. It should all be privatized and it should all be decided by the market.
I keep saying that we should let the markets decide.
Instead of forcing a business to do x, y, z, let the markets decide. If a business is making the majority unhappy, the business will not survive. Instead of trying to legislate everyone to being who you (these are all general "you"s, not specific ones) want them to be, understand and accept that not everyone will think and do just like you, and it's ok. We don't all have to be like you. Stop trying to control people, let the market decide if they will get their comeuppance or if maybe you blew it all of proportion.
Instead of forcing a minimum wage on people, where businesses will get nice and comfy with that, let the markets decide. And by the way, that's already going on with many "crowd sourced" work that you can find on the internet. A job can be posted, but if the pay is too low, most won't take it. The ones that do, the person who posted that job is going to get what they get for that kind of pay. It takes some awhile, but they all eventually learn that if you want good work, you're going to pay for it. Letting the market decide actually works, and works well. It's already being proven online.
Of course there's the b***hers who grind on others who take the work for pay that doesn't reach some arbitary "per hour" amount that they think they "deserve". They get upset, try to bully them, insult them, etc, but at the end of the day, they aren't paying the bills of the person who took the job for the lower pay. And the person who took the job for the lower pay is getting paid while the person who is holding out for their magical $15 an hour, is sitting around writing out nasty comments towards those who are working. I've seen it hundreds of times.
Some may think that if everyone holds out, the wage will go up. Yep, it will. But guess what happens then? There's not as much work, or they limit who can work on their jobs by only allowing trusted workers...so all of those b***hing about making more per hour just b***hed themselves right out of a job...again.
I point this out simply to explain that allowing the free market to work is already underway with a lot of freelance, independent contracting, online jobs/work/tasks. It's been like this for years. People still manage to make a LOT of money despite all the jobs that some consider to be "too low in pay" to do. Puts a damper on the idea that no one will make any money, and that no Americans will work for wages that are under $X per hour.
As an aside, the ones who *****, moan, and complain about how some jobs pay too low, or aren't worth it so they never do them? If you pay close attention over time, you'll see that they DO those jobs...they slip up every once in awhile and talk about a job they just did.
Yes, the people creating the jobs are keeping more money for themselves by offering low pay on their jobs, but no amount of b***hing about it has ever paid the rent.
More competition breeds greater inventions, greater products, greater ideas.
And as you, OP, stated in another thread, the social problems are indeed a direct result of the economy. A thriving economy typically shows less social issues. A weak economy displays a lot of social problems. I actually believe that some people are happiest when there's a weak economy so they have something to complain about. What would SJWs do in a booming economy? They'd have to start taking it out on their 40 cats.
Last edited by Three Wolves In Snow; 10-21-2016 at 02:52 PM..
I think the Dems call this - "leading from behind".
In other words - the priority is shifted to the back of the employment chain, without regard of what upper management has to do to keep things afloat.
The free market still exists, sort of - it is just international now in its scope. So companies move much of their operations to cheaper countries where they can meet their expectations with cheaper labor and taxes.
The Cabinet continues making it harder to companies to pay employees when they changed the overtime rules earlier this month.
Their stated focus is on the little guys and living wages. Don't they understand that these controls are part of the reason the cost of living continues to increase? There are two parts to living wages - income and the cost of goods and services needed to live. Has anyone noticed that they seem to go together? Minimum wages go up... the costs of goods go up and less people can afford them. The Dems response is to keeping increasing wages. It's not going to work. Less and less people will need government assistance to survive... and the circle continues until we smash into the brick wall economically.
In the 1940s, many white workers lobbied for their to be a minimum wage because they couldn't compete with black workers who were working for less. That was the creation of minimum wage. It probably wasn't the first laws that was put in place to "protect" a certain group of workers and it wouldn't be the last. However what minimum wage did was destroy the bargining power of black workers, and this lead to biased hiring. Because most employers would have preferred white workers over black workers anyway, the only chance black people had to get hired was to largely underbid white workers. A business owner who is going to think about maximizing profit really couldn't refuse this offer, and it lead to the employment of many black workers, who had skills and could actually go out and start their own business.
Why do I mention this? Because this is the power of the market. The power of the free market, where competition has a strange habit of trumping bias. A good business will always maximize profit, even if this means that they have to do so at the cost of their personal prejudices.
However what we have in America now days has nothing to do with the power of the market. We have a system where the government controls the economy, and they pick winners and losers. Sometimes it's a black winner and sometimes it's a white loser. Who they pick doesn't really matter. The key point to be made is that they're in a position to decide someone's value, and that goes against the very nature of economics.
TLDR; Only the market should decide winners and losers. The government has no concept of value or any concept of the market. Look at all of the attempts from politicians to "fix" the economy.
We need to return to a pure free market, where the market decides everything. This means no more public schools, no more public housing, no more public police force, or public firemen, and no more public military. It should all be privatized and it should all be decided by the market.
The problem is that there is such a disparity in access to resources, natural ability and social support that not everyone has a legitimate shot at success in this sort of system. Further, the advancement of technology has contributed to the disparity in incomes, and a purely free-market system will almost certainly result in far greater wealth being concentrated in even fewer hands than it already is. For instance, Facebook employs relatively few people. A small number of people have gotten filthy rich off of it, but even by Zuckerberg's estimations, it will never be a major employer. Technology allows scenarios like this to occur, and if left unchecked, we could expect this same sort of phenomenon to repeat itself even further as technology continues to dominate the economy.
We keep hearing about how a free market will harm the people, however all we experience is the unfree market with government collusion with big business. Remove government power to dictate for big business and freedom WILL RING!
Not at all. What we have now is Capitalistic Cronyism.
Instead of the people deciding who wins and who loses based on their interest in a given product, we have government dictating who wins and who loses by the handouts and deals they make with big business.
Want to truly understand? Read up on CA and PG&E, the Blackout, Grey Davis Collusion, Environmentalist attacks on new Energy companies in CA and who is funding them, etc....
Welcome to the world my friend, Government is not your freedom, it is your slave. Wake up!
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