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You fundamentally misunderstand what a market is and why they are good. The labor market is filled with many different types of people with many different goal

You fundamentally misunderstand what a market is and why they are good. The labor market is filled with many different types of people with many different goals. Who are you to tell a teenager they can't work part-time after school because the company can't afford to pay them whatever amount you believe is the amount to be paid? Regulations are what cause the gross mis-allocation of labor and resources, when you distort the free interaction of individuals to buy and sell their goods and services you end up with perverse structures where an adult willing takes a minimum wage job at walmart if they can also qualify for food stamps and other government assistance. Writing a law to tell walmart to pay their employees more doesn't magically fix reality. Laws don't magically make the impossible possible, believing otherwise is adolescent fantasy.

lumberjack 11y ago
>Who are you to tell a teenager they can't work part-time after school because the company can't afford to pay them whatever amount you believe is the amount to be paid? I wasn't making an a pro-minimum wage argument but rather an anti-EITC argument. But anyway, for your information teenagers are exempt from the right to a minimum wage. >Regulations are what cause the gross mis-allocation of labor and resources, when you distort the free interaction of individuals to buy and sell their goods and services you end up with perverse structures where an adult willing takes a minimum wage job at walmart if they can also qualify for food stamps and other government assistance. The market is not only about money and Wall St. branded financial products. The market is also affected by power and influence. Regulations are just another part of the market. It's the free interaction of individuals who choose to unite together as one, in order to influence the market to their own benefit. Because after all who the fuck are you to think that you can conduct whatever business activity you like in other people's neighbourhood. It's only at their own discretion that you are allowed to do that. You don't get to benefit from their property right laws, and their courts, and the infrastructure they built and paid for, and yet expect to do as you please without any interference what so ever, even when you are obviously being detrimental to the neighbourhood that is hosting you, and allowing your commercial activities. Individuals exist but they function at all as modern businessmen only because society also exists.
- shit_parade2 11y ago
  Teenagers have a minimum wage, it is just different (lower). I actually don't understand your second point, but markets can't exist without the rule of law; markets require a notion of property rights, how can anyone think otherwise? In a well governed society laws exist to facilitate the exchange of goods and services, how can exchange occur if people cannot trust the contract they engage in will be upheld? As difficult as it might be for you to imagine, laws and arbitration can exist without a government which centrally plans the minutiae of everyday life. Again, your argument seems to be that by the snap of fingers and the degree of those with power, walmart can just magically raise wages. That's a childish belief.
  - sharemywin 11y ago
    I'm curious where laws and arbitration exist without government which centrally plans the minutiae of everyday life?

lumberjack 11y ago

>Who are you to tell a teenager they can't work part-time after school because the company can't afford to pay them whatever amount you believe is the amount to be paid? I wasn't making an a pro-minimum wage argument but rather an anti-EITC argument. But anyway, for your information teenagers are exempt from the right to a minimum wage. >Regulations are what cause the gross mis-allocation of labor and resources, when you distort the free interaction of individuals to buy and sell their goods and services you end up with perverse structures where an adult willing takes a minimum wage job at walmart if they can also qualify for food stamps and other government assistance. The market is not only about money and Wall St. branded financial products. The market is also affected by power and influence. Regulations are just another part of the market. It's the free interaction of individuals who choose to unite together as one, in order to influence the market to their own benefit. Because after all who the fuck are you to think that you can conduct whatever business activity you like in other people's neighbourhood. It's only at their own discretion that you are allowed to do that. You don't get to benefit from their property right laws, and their courts, and the infrastructure they built and paid for, and yet expect to do as you please without any interference what so ever, even when you are obviously being detrimental to the neighbourhood that is hosting you, and allowing your commercial activities. Individuals exist but they function at all as modern businessmen only because society also exists.

shit_parade2 11y ago
Teenagers have a minimum wage, it is just different (lower). I actually don't understand your second point, but markets can't exist without the rule of law; markets require a notion of property rights, how can anyone think otherwise? In a well governed society laws exist to facilitate the exchange of goods and services, how can exchange occur if people cannot trust the contract they engage in will be upheld? As difficult as it might be for you to imagine, laws and arbitration can exist without a government which centrally plans the minutiae of everyday life. Again, your argument seems to be that by the snap of fingers and the degree of those with power, walmart can just magically raise wages. That's a childish belief.
- sharemywin 11y ago
  I'm curious where laws and arbitration exist without government which centrally plans the minutiae of everyday life?