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One could reasonably define fair in terms of a nations minimum wage while discarding any nonsensical carve outs designed to appease particular industries, you c
by michaelmrose 3y ago
One could reasonably define fair in terms of a nations minimum wage while discarding any nonsensical carve outs designed to appease particular industries, you could define it in turns of what it costs to live a reasonable life in the nation in question, and you could define it in turns of ratio of gross profit to income of average employee.
There are so many ways to define fair we could write essays on which method was most accurate and useful.
Free markets only exist in economics textbooks. Real markets unconstrained are always hopelessly broken. Bereft of rules most of the work would end up owned by a tiny number of companies who would agree what wages should be and agree not to hire each others workers. They would make access to all the most desirable work they control contingent on rules designed to strangle up and coming competitors in the cradle and gradually increase price to the absolute most the market would bear. Impoverishing the people who actually do the work would poison the pool of workers gradually destroying quality of content while companies increased prices to make up for lost profit and blamed piracy.
Capitalism is a toddler left on a rug with a cocked gun. The kid always finds the gun.