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We also have legislation that makes it illegal for people to sell food or perform particular services without meeting a large number of requirements. Regulatio
by tastyfreeze 4y ago
We also have legislation that makes it illegal for people to sell food or perform particular services without meeting a large number of requirements. Regulations are costly, inhibit competition, restrict available employment options and largely fail to achieve the desired outcome.
Big business protectionism results in big business abuse of employees because a "where else are the going to go" mentality sets in. Competition is required to allow people to build businesses that put the "employee abusing" companies out of business.
Protectionism comes in many forms but all of it comes from government. Big businesses are currently supporting an increase in the national minimum wage. They can afford to pay their employees more. Their competitors can't. With no competition the big business are free to abuse their employees. Nearly every business that has lobbied for government regulation is playing this same game to secure their place as king of the hill.