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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; ma
by 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 agoI'm curious where laws and arbitration exist without government which centrally plans the minutiae of everyday life?