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So what? Why is lowering wages a bad thing? If the wages are lower across the industry, it means consumers get lower prices. You're totally ignoring the consume
by snitko 13y ago
So what? Why is lowering wages a bad thing? If the wages are lower across the industry, it means consumers get lower prices. You're totally ignoring the consumer side of the equation.
So really, any regulation has another side. It benefits one group of people, while robbing another group, which is less vocal and less identifiable and thus is less likely to be remembered in this case at all.
- EdwardDiego 13y ago> If the wages are lower across the industry, it means consumers get lower prices. You're totally ignoring the consumer side of the equation. You're totally ignoring the most probable outcome - reductions in costs lead to higher dividends paid to shareholders. Consumers continue paying the same price.
- nathan_long 13y agoYou're both arguing about something irrelevant. Whether low wages result in lower prices or higher dividends doesn't matter. The point is that a worker and an employer have decided on what each believes is a mutually beneficial relationship. Unless someone is forcing them at gunpoint, we should respect their free decisions.
- EdwardDiego 13y agoWhen an imbalance of power exists in a relationship (cf employer - employee), no free decisions exist. Now, employer - union, maybe.
- nathan_long 13y agoIf demand for a skill exceeds supply, isn't the imbalance of power in favor of skilled employees?
- EdwardDiego 13y agoIf these guys are working for free, then your argument is predicated on a falsehood.
- nathan_long 13y agoYou implied that employers always have the power in the relationship. I'm pointing out that it can go either way. Obviously people working for free must be in a weak negotiating position. Even still, nobody's forcing them at gunpoint. Presumably they chose a an unpaid graphic design internship because they value the experience. They could have chosen to work elsewhere for pay. As long as they are not being forced, are not being deceived, and are choosing according to their own priorities, it's their decision.
- kskz 13y ago> So what? Why is lowering wages a bad thing? If the wages are lower across the industry, it means consumers get lower prices. You're totally ignoring the consumer side of the equation. This is incredibly naive. There are many good reasons for deregulation, but propagating arguments like this just gives libertarianism a bad name.
- DanBC 13y agoConsumers are already paying $10k to get volunteer teachers. That doesn't sound consumer friendly.