4 ms·
No one is entitled to anything, that is the point. Business owners and employees agree to a mutually beneficial arrangement. But business owners arent entitled
by triviatise 8y ago
No one is entitled to anything, that is the point. Business owners and employees agree to a mutually beneficial arrangement. But business owners arent entitled to anything except adherence to the agreement. If the employee can get a better deal someplace else, they will. The agreement is between the parties and no one else.
External forces like starvation are not "threats of violence".
What you seem to be suggesting is that government setting of prices would improve things. This has been shown time and again to not work because only the parties involved can correctly evaluate the value.
Raising minimum wage slightly only has slight negative effects. If raising minimum wage really had no negative consequences you could raise minimum wage to $100 and it would be wonderful.
Where government has shown itself to be effective is being a third party that enforces the agreements made between parties, setting the limits of those agreements (e.g. no voluntary slavery), and making sure that the rules are consistent enough that people can make business decisions and rely on the outcomes.
The government just ruled that labor cannot collectively sue in a class action for wage violations. This is an incredibly bad decision, in that people should be able to group together and pool their bargaining as long as they are doing it freely.