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Before the cacophony of “we need better laws! More government!” Please reflect that all the wage suppression that is commented on the article comes from laws in
by whb07 9y ago
Before the cacophony of “we need better laws! More government!” Please reflect that all the wage suppression that is commented on the article comes from laws in the first place.
It’s amazing to me that the solution presented by those who are anti laissez faire are more laws to correct the past laws.
Market transactions only happen if they are mutually beneficial. Can’t force any side as this will distort it.
Please look at the supreme labor laws found in Europe to find out what happens. To note, the Spanish, French, Italians face chronic young adult unemployment with roughly 1/4 people being employed.
- Caveman_Coder 9y ago> "Market transactions only happen if they are mutually beneficial. Can’t force any side as this will distort it." I think the modern assumption is that things are distorted, and they are heavily distorted in favor of business...
- Analemma_ 9y agoNice strawman. Nobody says that, nobody is going to say that. The most commonly proposed solution to this problem is unions, but I bet that’s the one thing you hate more than laws so you won’t suggest it.