2 ms·
> I believe any minimum wage policies are terrible Any? You barely have to peruse a history book to see countless examples of exploitative labor processes.
by sushid 3y ago
> I believe any minimum wage policies are terrible
Any? You barely have to peruse a history book to see countless examples of exploitative labor processes.
- hellojesus 3y agoThat is correct. I think it's bad policy for the government to disallow voluntary transactions between private parties with no third party harm.
- fortran77 3y ago"On The Historically Racist Motivations Behind Minimum Wage" https://www.forbes.com/sites/carriesheffield/2014/04/29/on-the-historically-racist-motivations-behind-minimum-wage/?sh=295e798811bb https://www.forbes.com/sites/carriesheffield/2014/04/29/on-t...
- hellojesus 3y agoI was unaware of the racial motivation. Interesting insight. However the point is exactly why it is bad policy. At any minimum wage, the government has structurally unemployed anyone that can't provide value at or greater than the minimum wage. It's basic economics.