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My understanding is that people believe the free market is failing to provide a living wage to a certain class of society. One of the root causes of this failu
by smallgovt 7y ago
My understanding is that people believe the free market
is failing to provide a living wage to a certain class of society. One of the root causes of this failure is technology and automation, so they think it’s just to implement a minimum wage for Uber drivers.
One could imagine a world where automation replaces half of the labor force and the free market would essentially allow corporations to rake in enormous profits while the unemployed class gets paid pennies and lives in poverty.
- jumbopapa 7y ago> one could imagine Sure, we can imagine it, but it would be asinine to take legislative action now when that isn't even a problem.
- kerkeslager 7y agoWhat's asinine is being so against regulation that we let bad things happen that are easily predictable and preventable. That just makes it easy for the already-rich to stay rich by staying a step ahead of regulation, leaving a path of poverty and other harms in their wake.