/biz/ - Business & Finance

[Anonymous No.25148738]

Should the minimum wage be abolished?

[Anonymous No.25148907]

>>25148738
So that workers have less money to spend on goods and services domestically?
Real big brain on this boy.
Just sit back and look, countries with higher minimum wages, are more desirable countries to live in. It usually leads to a reduction in non skilled labor immigration and reduces decadence too.

[Anonymous No.25148951]

if you are a humanitarian, then yes


if you think its cool to make it illegal to hire unskilled people and permanently cut them out of society then no

[Anonymous No.25148992]

yes.
no one is forced to work a job that they believe isn't paying them enough.

forcing employers to pay a certain amount doesn't mean they're going to pay more for work that isn't worth paying for , it only means they're going to cut jobs that don't provide enough value.

if someone's labor is only worth $5/h, they should be able to work for that much if they choose. when the government intervenes, they simply have no job instead , and become a burden to others.

[Anonymous No.25149008]

>>25148738
There should be a maximum wage.

[Anonymous No.25149027]

>>25148951
how would this result in making it “illegal” to hire unskilled people? no minimum wage will result in lower taxes for big corporations because the government would need to find a way to stop them from lowering wages to a bs level, which also increases competitiveness amongst similar companies and their wages for the entry-level jobs.

[Anonymous No.25149030]

>>25148907
>workers have less money to spend on goods and services
That's the outcome of having a higher minimum wage. Increasing the cost of labor reduces the number of people businesses employ and limits business growth.

>countries with higher minimum wages
Correlation =/= causation. "Just look at countries with the most white people. White people just make the best societies."

[Anonymous No.25149058]

>>25148907
Based. I propose increasing min wage to $1000.

[Anonymous No.25149070]

>>25148738

Yes 100%

[Anonymous No.25149073]

if there was no minimum wage there could be minijobs that don’t require really any effort or time just a modicum of attention at intervals through the day, it could end up distributing a lot of labor away from people who are handling such nonsense while also trying to do their duties that actually matter. One could have several minijobs from different employers and do them at the same time

[Anonymous No.25149084]

>>25149027

I might have need for some kid to twist bottlecaps for a few bucks an hour, but its not worth $15/h, so its illegal to hire him and pay what he's actually worth, so I wont hire him at all.

[Anonymous No.25149086]

>>25149027
If there is no minimum wage companies could hire people to do small tasks that don't create a lot of value but that would create at least some value, with the minimum wage it doesn't make any sense to hire them for a higher pay so those people don't get a job at all.

[Anonymous No.25149087]

>>25149073

Not true. Those companies would just choose what to pay their employees. Quite simple. Kys commiecuck

[Anonymous No.25149106]

>>25148992
Actually, you are if you want basic necessities such as housing and food. It's not like we live in a society not overrun by overpopulation.

We are all slaves.

[Anonymous No.25149112]

>>25149084
i don’t disagree, ur right. i don’t understand why people think the minimum wage is so important and amazing. supply and demand is king.

[Anonymous No.25149117]

>>25148738
America's minimum wage adjusted for inflation is about $17 per hour so they should adjust it and pay people what they are owed. $8 an hour, or whatever it is, is the most Jewish amount ever; how povertyfags survive I have no idea.

[Anonymous No.25149119]

In my country, minimal wage is so shitty that people preffer to work as an informal entrepeneurship, trading products in the streets or even begging for money is better to a formal job.

[Anonymous No.25149148]

>>25149106
Ok, I'm forced to work to survive. But a minimum wage doesn't guarantee me a job. If I have no skills, it basically only guarantees that I can't get a job.

[Anonymous No.25149151]

>>25148738
absolutely yes. minimum wage laws make it illegal to hire unskilled workers, the 'base' of the economy.

[Anonymous No.25149186]

No. Governments will always push for mass immigration to flood the labour supply and drive wages and conditions down. A minimum wage and minimum working conditions are necessary to counterbalance this.
In theory if governments didn't encourage mass immigration this wouldn't be necessary as labour would have some bargaining power, but policy makers are in the back pocket of big businesses and landlords so that's not going to happen.

[Anonymous No.25149207]

>>25149186
>government has to enact bad policies to solve problems created by other bad policies

[Anonymous No.25149212]

>>25149087
>is pro min wage
>calls others commiecucks

[Anonymous No.25149222]

>>25149151
There's always a black market for labour so there goes your argument. Minimum wage laws protect workers from big companies: imagine if Amazon took over everything by becoming a giga monopoly and started paying everyone including engineers and scientists only $14 an hour. Libertarians think that abolition of MWL would benefit society. Really they protect you from slavery. The problem is libertarians are too autistic and naive to understand that the world is an extremely predatory place and laws exist to keep that behaviour under control.

[Anonymous No.25149225]

Poor uneducated should be abolished and replaced with robots. But then we’d lose 60% of the world population

[Anonymous No.25149234]

>>25149222
The reason you get monopolies is the government. Too big to fail and all that.

[Anonymous No.25149236]

>>25149207
Yes. It's what happens when a country is as old as America. If the world were infinite, we would just get pissed off and form our own country again.

It wont happen. All the land is taken. All the countries are taken.

[Anonymous No.25149258]

>>25149234
No, it's the natural end state of capitalism unbridled. Anti-trust and anti-monopolies were enacted and somehow ignored in the Post-Reagan era of politics. Don't worry though -- the wealth will trickle down.

[Anonymous No.25149299]

>>25149186
The problem is not inmigration, the real problem is printing money like a psycho. Adjusting minimal wage under the inflation rate every year, making the working class much more poor. Unable to invest in capital goods, create things and make products to an economy where people have money value to spend. In that situation i would be necesary much more inmigrant to supply goods and services.

[Anonymous No.25149303]

If you abolish minimum wage you end up with a scenario where the taxpayer ends up subsidising low end wages and/or it makes more sense for people to be unemployed on gibs than get a low end job. Either way you end with more government and more taxpayer burden.

[Anonymous No.25149308]

>>25149234
The government is a monopoly. They always have been. It's rule of the most able, these days less so; but hierarchy does not vanish just because you change some words around.
Anyway, they form naturally and take over. Always have. To say it isn't possible assumes equality of ability cancelling out competitive advantage which is pseudoscientific just like the Austrian school, built on deductive reasoning instead of the scientific method. You guys are morons.

[Anonymous No.25149327]

>>25149303
If you have minimum wage the taxpayer subsidizes all the welfare of all the people who aren't worth hiring

[Anonymous No.25149333]

>>25149207
>removing a single, simple, transparent fix and instead keeping your fingers crossed to fix all the other problems endemic across western governments
Government doesn't have to enact shit, the laws are already there

[Anonymous No.25149349]

no min wage and subsidies is better because it forces people to work. they might get tired of their dead end jobs and get educated or something, start a business. People who don't work at all typically get stuck in a bad situation.

[Anonymous No.25149351]

>>25149258
>it's the natural end state of capitalism unbridled
Citation needed. Large companies always end up getting corrupt and making retarded decisions. That's where competitors get their chance to provide better product/services. The only case when this doesn't happen is when the government sets up (((regulations))) intentionally made up to keep the small players out.

[Anonymous No.25149355]

>>25149030
> "Just look at countries with the most white people. White people just make the best societies."

Well yeah, we all know this is false. White people make the worst societies. White politicians create immigration policies which allow non whites to come in and destroy the country. If whites didn't exist, immigration wouldn't exist, and countries would remain prosperous, like Japan, an ethnostate.

We should unironically kill all whites on the planet.

[Anonymous No.25149363]

>>25149355
>reddit spacing
>we should unironically kill all whites on the planet
kek

[Anonymous No.25149392]

>>25149363
Us Japanese care not for your stupid arbitrary low
testosterone
rules like spacing on a


white liberal arts degree

holding self help forum

[Anonymous No.25149400]

>>25149308
You're an autistic moron who fights against abstract windmills.

[Anonymous No.25149402]

Abolish the minimum wage and legalize lynching billionaires.

[Anonymous No.25149408]

Still trying to stay alive with fucking shitcoins trading? Lol, reckted with top Base, go hoome niggers

[Anonymous No.25149412]

What we really need is MORE XRP bagholders, I have realized.

They are kind of like slaves, but retarded so you don't need chains or corporal punishment or anything, just XRP.

They think 20c worth of XRP is actually worth $1000, so you can pay them like 50c a month for a regular job at McDonalds or whatever, it just has to be in Ripple/XRP.

Xi needs to up his power level in China and make XRP the official state currency.

[Anonymous No.25149432]

>>25149027
kek how many homeless people do you have to step over to realize that it is ILLEGAL create opportunities for unskilled workers

Take Inner-City Jamal for example. He sags his pants to his knees, he cusses and uses ebonics. He is literally unemployable in the current paradigm.

But if there were relaxed labor laws, maybe an entrepreneur would take a shot on him. In the back of the kitchen, away from the customers, he can work for $50 a day. Then Jamal, starts having some pride, he starts wearing a belt and speaking with respect. Now he gets a raise and new responsibilities.

But in the leftist world he sells drugs on the corner for a street gang because its his only opportunity and criminals don't follow labor laws.

This is what you choose. This is the reality you created. But when he gets out of jail he will probably vote for your party because you promise him gibs

And this describes the world that leftists have created

[Anonymous No.25149451]

>>25149073
of course - there are endless possibilities if entrepreneurs had the freedom to create jobs

but we don't so society is getting poorer

[Anonymous No.25149453]

>>25148738

[Anonymous No.25149457]

>>25149299
Without immigration those wages would rise with inflation too. Without immigration, labour has bargaining power. Instead, labourers are easily replaced by the next boatload of immigrants ready to work for less. Whenever there's mass immigration, worker's bargaining power falls along with ages and working conditions. When there isn't, workers are able to properly negotiate fair value for their work. Ever wonder why the 1950s-1970s was such a great time for American workers? You can look up things like the Homestead Strike (https://en.m.wikipedia.org/wiki/Homestead_strike)) for an idea of what US workers faced the last time immigration was this high.

[Anonymous No.25149463]

>>25149432
Selling drugs pays more, way more than a minimum wage that's for certain.. A low end weed dealer probably brings home 60k a year untaxed if they are smart.

[Anonymous No.25149504]

>>25149463
>Selling drugs pays more, way more than a minimum wage
Only because drugs are made illegal.

When will the statists stop shooting their own foot?

[Anonymous No.25149511]

>>25149463
the corner dealers on streets start with nothing, they make less than minimum wage - then they work up to a decent salary until they are shot or jailed (usually under 3 years)

[Anonymous No.25149513]

>>25149148
pretty much all minimum wage jobs don't have any "skills", if you can't find a job serving coffee for example you're literally bottom of the barrel garbage who deserves to die

[Anonymous No.25149532]

>>25149258
>>25149351
Certain sectors (such as large utilities) are 'natural monopolies' and would form monopolies in a more libertarian society. Other sectors are resistant to monopolies (restaurants for example, not everyone wants to eat fast food every day). This whole concept of monopolies being either the natural teleological endpoint of capitalism or state intervention is silly. It's disproven by just opening a history book.

Read a book pls.

[Anonymous No.25149536]

>>25149457
It was so great because of parity dollar/gold, in 1971 nixon finished the gold standard, the problem is the money printing and the media tells you that the problem is migration because is more tangible than the inflation.

[Anonymous No.25149544]

>>25149511
its the american dream. pulling yourself up by the nike shoe lace.

[Market Decides No.25149789]

Why do you we actually have such thing as minimum wage?

When actually was this harmful economic practice first invented?

Are the politicians really this stupid.
Or its because of democracy and politicians need to appeal to stupid people.

Or is there some other agenda behind it?

[Anonymous No.25149821]

>>25149513
Some people come into this world as a child without great parents or stable housing. I was a medical labrat. I can't imagine being forced to work for $5 USD an hour to afford $600 rent while 16 and going to high school. Fuck that. I'd just live in my car.

[Anonymous No.25149847]

>>25149789
It was unironically made to keep blacks out of the labor market. Statists biting themselves once again.

https://mises.org/wire/racist-history-minimum-wage-laws

[Market Decides No.25149953]

>>25149847
>It was unironically made to keep blacks out of the labor market.


Very likely, however I don't believe that this is the policy anymore.


Furthermore, governments are well aware of the under minimum wage market and its benefit to the ecnonomy.

Many restaurant/cafe employees work below the minimum waga and often are illegal immigrants (in some countries at least). Otherwise dinner/coffee cost would be much higher/unsustainable in many cases.

[Anonymous No.25149976]

>>25149953
Well, good luck convincing people that abolishing min. wage is a good thing nowadays lol.

[Anonymous No.25150069]

>>25149363
That's not reddit spacing, newfag.

[Anonymous No.25150102]

>>25149327
Yeah, which is the cheaper of the two alternatives.

>Government pays welfare for people that aren't worth paying minimum wage

>Government subsidises people that aren't worth hiring period (which is probably 90% overlap with the first group), plus subsidise the wages of an ever increasing group bottom tier earners as companies pay less and less knowing the taxpayer will have to step in to cover the gap.

[Anonymous No.25150310]

>>25148738
>Should the wage be abolished?
Yes

[Anonymous No.25150570]

>>25149544
Nah nigga he got the velcros

[Anonymous No.25150756]

Only if
1) Unions are heavily encouraged by the state so that they can negotiate minimum wages instead, and
2) There is a solid welfare system in place so that people who can no longer compete with machines for minimum wage is still taken care of.

[Anonymous No.25151000]

>>25149536
>the media tells you that the problem is migration
The media tells me that the problem is literally anything but migration and that immigrants solve literally all of society’s ills
What media are you listening too?

[Anonymous No.25151393]

If you want minimum wage you should secure your borders cant have it both ways

[Anonymous No.25151793]

>>25149008
underrated

[Anonymous No.25152103]

>>25148738
Yeah... It's quite easy to imagine circumstances in which a young person might not be able to provide a certain value to the employer due to complete lack of knowledge and skill in the trade, and so they want to be able to offer to work for very little pay in exchange for the training and experience which would jumpstart a career (in a more accessible way than would otherwise be possible).

This would make apprenticeship more common. Less people would enter college needlessly and waste their time and money on that played-out racket.

>>25149222
Regulations mostly serve to solidfy big companies, because they prohibit smaller companies and upstarts from being able to compete. Big companies love regulations and things like minimum wage law, because they know they can afford it and their smaller competitors can't. You're totally delusional and it is you who is naive. Dipshit leftists help out corporations all the time from not understanding this... Why do you think companies are so fucking leftist in their politics? Why all the corporate support of the democratic party?

[Anonymous No.25152269]

>>25152103
To answer my own question at the end: because you're economically illiterate tools is why. You could crack open a book like Thomas Sowell's Basic Economics or Hazlitt's Economics In One Lession, but you'd rather be irrational bleeding hearts obstinately refusing to understand how setting up an anti-competitive environment would benefit the existing big corporate players, thus inevitably harming workers because they have less employers bidding for them. Corporations lobby for more regulations and you're their good little tool in supporting them because you want to enjoy and unearned sense of righteous about helping the little guy.

[Anonymous No.25152290]

>>25148738
might work in a homogenous society but not in america, if you believe it would you're straight up delusional.

[Anonymous No.25152297]

>>25148738
yes
and a max wage put in place, no more than 1k dorra, who needs more than that? fuckin greedy wagies

[Anonymous No.25152356]

>>25149008
>yes yea goyim limit yourself for when they hyperinflate the currency.

[Anonymous No.25152404]

>>25152103
In most countries with minimum wage laws apprenticeships are exempt for the reasons you mentioned.

[Anonymous No.25152654]

>the performance of bitcoin is completely a function of the confidence that people have that they can give it to someone else at a higher price
i-is he right?

[Anonymous No.25153729]

>>25148738
Under 2 conditions.

>Income and sales tax abolished
>Corporate insolvency protection outlawed

Also >>25149008

[Anonymous No.25153940]

Yes it increases unemployment

[Anonymous No.25153958]

>>25148992
what kind of a fantasy world do you live in where teleporters exist and have free, unlimited, and instantaneous travel to a massive job market unbounded by geographical constraints and accessibility to transportation (a large problem in rural areas without public transportation)?

[Anonymous No.25153980]

>>25148738
Yes, so maybe in my dream world I can actually work in an industry I want and learn a trade without needing insane qualifications and dropping several grand on an education
Fuck you niggers who want handouts, I literally just want to do a desirable occupation and the bullshit minimum entry level cucks me every time
Removing minimum wage unironically helps the white man because no one would willingly hire a nigger knowing a white man could do the same job better

[Anonymous No.25154014]

>>25148738
According to Peter from "Schiff for Brains" any and every unemployment assistance should come from charities to.
The arrogance of this fuck who became rich solely by losing other peoples money and charging them fees is simply out of this world.

[Anonymous No.25154266]

>>25148738
yes. we need more suffering and misery among the work class.

[Anonymous No.25154785]

>>25154014
>The arrogance of this fuck who became rich solely by losing other peoples money and charging them fees is simply out of this world.

source? and no, your asshole is not a source

[Anonymous No.25155370]

>>25154785
Schiff has repeatedly stated this on his podcast (the only material from Schiff that I endure from time to time).
I remember the last time I heard it was when the guy used his old thumbnail on YouTube. About 8-12 months ago iirc.
It has come up on /biz/ before and other anons have said the same as Schiffy is known for his disdain of the poor.

>and no, your asshole is not a source
>being rude on Christmas day

[Anonymous No.25155662]

>>25148738
The core fundamental problem to this argument is it's about the color of the drapery on the Titanic. Forced wage standards hurt employers, but Fed intervention is destroying society. A drowning man doesn't care the lifeboat is too full, he'll still topple the thing trying to get on.

[Anonymous No.25155710]

>>25149008
Rich people don't make money through waging retard

[Anonymous No.25155915]

>>25151000
>immigrants solve literally all of society’s ills
yeah, its sure helping Europe rn isnt it

you're a fucking idiot

[Anonymous No.25156104]

Yes but also get rid of all the Mexicans too

[Anonymous No.25156141]

>>25149536
>immigrants will do the same job for half the price
>why is it so hard to make a livable wage?

[Anonymous No.25156366]

>>25148907
you are dumber than a rock lmao

[Anonymous No.25156471]

ITT:
wagies seething since they don't understand basic economics
FACT: minimum wage reduces wages and if you don't know that by now, you're beyond help

[Anonymous No.25156847]

>>25156471
>FACT: minimum wage reduces wages
libertarian paradise doesn't real, you'd just get devoured alive by opportunists

[Anonymous No.25157361]

>>25156847
this. Libertarianism could have existed 200 years ago. It's literally just slavery of the poor from the rich these days.

[Anonymous No.25157403]

>>25155662
Unironically looks like the graph for Chainink also.

[Anonymous No.25157416]

>>25148738
Peter Schiff is a snake oil salesman trying to sell you oil for your snake in approximately 1912. Everything he says is designed for (1st) industrial revolution economics.

[Anonymous No.25157467]

>>25156471
all of these people crying for the government to save them with min wage laws will get no jobs and just become slaves as the jobs will simply move overseas where capital is treated better

[Anonymous No.25157496]

>>25148738
Yes. If there is a universal minimum income then the price of free labor can be left up to supply and demand

[Anonymous No.25157510]

>>25149030
In both instances, correlation is related to the underlying cause (i.e. White Societies being more successful due to the cultural design of white societies, countries with higher MW..., Increasing the minimum wage is entirely necessary for how the world's financial system operates and how it has operated since the 1970s.

Maybe Peter Schiff's ideas can be implemented after a very bloody global revolution, but I think the underclass becomes a less and less threatening opposition with each passing day.

[Anonymous No.25157516]

>>25156471
I'm a libertarian and all, but countries with higher labor standards have a higher standard of living.

[Anonymous No.25157652]

>>25149451
Entrepreneurs can do whatever they want much more easily today than ever. I started a business in 2013 and sold it in 2019 at a point where I was splitting $650k annually profit with my founding partner. You know how we got people to work for us? By contracting out work. We contracted our graphics design girl for a set price (we paid her extra she did so well). We contracted our website design/maintenance. We contracted people for marketing.

The "minimum wage" laws don't apply to entrepreneurs. They apply to large corporations that are already established. Any small business today can contract out work extremely easily and cheaply by having an attorney.

Our start up costs in total were probably around $400k. We made that back within 2 years and it was all profit from there.

[Anonymous No.25157675]

>>25149451
In other words: create a job, find someone willing to do the job for X price, write up a contract that says that person will do that job for X price by Y date.

Ez Pz.

[Anonymous No.25157963]

>>25152356
elevated iq

[Anonymous No.25158086]

>>25148738
>minimum wage

Abolish the minimum wage and pay workers pennies on the dollar so they barely afford the already cost of food. Did you know that the groceries have gone up 200% in the last decade.

A bag of Cheetos used to be $1 and not it's 2.79.

[Anonymous No.25158229]

>>25157652
That’s awesome. What business were you in?

[Anonymous No.25158255]

Yes, let the market decide

[Anonymous No.25158281]

>>25148907
>white countries have highest minimum wages
>minimum wage makes countries desirable
Pick related is you.

[Anonymous No.25158465]

>>25149084
Good. Why would anyone do a job a $200 machine can do

[Anonymous No.25158668]

>>25155915
>not even basic reading comprehension

[Anonymous No.25158697]

>>25158229
A niche consumer packaged goods product relating to nutrition.

[Anonymous No.25159384]

abolish kikes

[Anonymous No.25159413]

>>25148738
probably

[Anonymous No.25159530]

>the minimum wage needs to be $1k an hour to live a comfortable life

[Anonymous No.25159538]

As a day trader/investor how does this effect me personally? Let me answer that for you champ, it doesn't effect me one iota. I don't give a shit about people on the bottom end of our society because quite frankly they are totally and utterly useless. A drain on society of very little value. Worthless peons that don't deserve to live. Am I getting through to you yet? The only crux of this situation is that the middle class may evaporate after this plandemic and that would be a shame. I only hope that when the state legislators begin dissolving pensions they keep the police officers intact. The police are vital to our society and without them their would be total chaos. As for the transit workers, waste management people, teachers etc.....get rid of it. Total waste of money.

[Anonymous No.25159710]

>>25148992
if somebody’s labor is only worth $5 an hour, then then job is not worth making a business out of. have a lower minimum wage for kids (not foreigners) so you can still hire a middle schooler to cut your grass, but adults who work for $5 an hour in America are scabs and should all be kicked in the balls.

think of all the workers in America being in one giant labor union. should this union let employers pay its members beneath a living wage? of course not. workers are supposed to organize in order to negotiate on their own behalf. they can negotiate a higher wage if they work together, which is why employers are always trying to break them up. if the union allows its members to work for 1/3rd the living wage, then it will create a cycle of poverty where now workers are poorer because the scabs who stupidly sold themselves short, making them more desperate for work, making them more willing to accept lower and lower wages because it’s "better than nothing". this is why most people hate scabs (but employers love them).

[Anonymous No.25159796]

>>25159710
>think of all the workers in America being in one giant labor union
Bad analogy. You can enter and exit the union voluntarily.

[Anonymous No.25159829]

>>25149148
you say "no skills" like it’s some horrible thing. shouldn’t it be enough that a person sacrifices half their waking hours to a corporation? you want even more than that? at $5 they could work nearly every waking minute and still barely get by in America. do you really think that situation is fair?

only extremely desperate people would take that deal, and only total scumbags would take advantage of someone’s desperation to pay them so little.

[Anonymous No.25159864]

>society owns me comfort because my mom didn't swallow me
>it's LITERALLY in the social contract!!!!

[Anonymous No.25159873]

>>25159829
>shouldn’t it be enough that a person sacrifices half their waking hours to a corporation? you want even more than that?
Work is for producing value, not "sacrificing walking hours" you retard. If he can't get anyone else to pay him more than $5 that means he's worth $5.

[Anonymous No.25159874]

>>25149355
USA GDP per capita is way higher than Japan. It seems that the entire idea of racial homogeneity being economically superior doesn’t align with reality.

[Anonymous No.25159929]

>>25149207
it’s easier to have minimum wage than it is to get rid of everyone in America who has family in 3rd world countries. get rid of everyone who is in a position to accept $3 a day and then we’ll talk. also dont import goods made by low wage workers, since it undercuts American workers in the same way. we don’t even need cheap clothing since everybody has too much shit in their closet anyway.

[Anonymous No.25160024]

>>25149234
not true. monopolies can happen in many different ways. without anti-monopoly laws industries would be dominated by cartels.

https://en.m.wikipedia.org/wiki/Cartel

power will always exist. the question is who is going to fight to take it. libertarianism bills itself as individualistic but really it’s about being passive and letting rich scumbags do whatever they want. grow some balls, man.

[Anonymous No.25160093]

>>25149308
the government is only ONE monopoly, the difference is the people have some say in what it does. (at least when voting machines with unauditable code aren’t involved.)

[Anonymous No.25160151]

>>25160024
>grow some balls and suck bureaucrats cock, man
Damn.

Cartels/monopolies are fine as long as they are doing their job well and cheap. Once they start hiking up the prices or lowering the quality, it creates an opportunity for small companies.

[Anonymous No.25160181]

>>25148738
In theory, yes. In practice, the deregulation that would need to occur and incentives for small business startups that would need to be implemented make it unfeasible.

[Anonymous No.25160278]

>>25159710
>if somebody’s labor is only worth $5 an hour, then then job is not worth making a business out of.
This. Society learned all this shit in the industrial revolution and that's why we had labour unions, minimum wage, working time regulations, health and safety regulations, etc. Unfortunately all these lessons have been forgotten and corporations are trying to slowly erode all the progress made in the last century.

Frankly if a job isn't worth paying someone say $20 an hour to do then it's probably time it sounds just be done ny a machine. Yes, this is going to lead to unemployment, but that's going to happen due to automation regardless. The solution to that isn't to give people pointless service sector jobs that pay $5 an hour.

[Anonymous No.25160315]

>>25160024
>libertarianism bills itself as individualistic but really it’s about being passive and letting rich scumbags do whatever they want.

Just a hunch but at this point I'd wager that many lolberts would turn a blind eye to a mob ripping billionaires out of their bunkers and eating them.

Instead the only real use of force has been a bunch of angsty antifi trannies burning down small businesses.

[Anonymous No.25160321]

>>25149351
>citation needed
Um, ancient Egypt? All monarchies? If everything is owned by one person, they could make any rule they want about anything. Libertatians even defend google, facebook, twitter because "the 1st amendment doesn’t apply to corporations".

Take the internet. If every service provider was owned by one person, and there were no laws to stop them, they could 100% limit free speech as much as they want. You wouldn’t even be able to write an email criticizing them.

And if all the land and houses were owned by one group, and no laws to stop them, they could make listening devices a condition of renting the property, and throw you out of your house for criticising them, and make it against their "terms of service" for your family or friends to take you in. And since there would be no public property left you would have to go to a special place for people who breached the terms of service. Of course, it wouldn’t be a PRISON, that would just be medieval. :/

[Anonymous No.25160380]

>>25149504
of course the libertarian’s answer is to make crack legal. of course.

[Anonymous No.25160475]

>>25149847
mises is one the kikiest kikes to ever kike a kike. he is the ultimate "statists are the real racists" reddit-tier kike faggot.

this is all about bargaining power. allowing scabs to undercut worker salaries reduces bargaining power for employees. this isn’t rocket science, you just got mind-jewed. AGAIN.

[Anonymous No.25160491]

>>25160321
>capitalism unbridled
>Um, ancient Egypt? All monarchies?
Not worth talking to you desu. Enjoy being a slave.

[Anonymous No.25160524]

>>25152269
those books were written to confuse well-read people. there are doctors today who still believe low-fat diets are good for diabetics. just use your common sense and think through the problem yourself.

[Anonymous No.25160600]

>>25156471
>minimum wage reduces wages
kek, this is right up there with Trudeau’s:
>If you kill your enemies, they win.

[Anonymous No.25160726]

>>25159796
actually it’s a perfect analogy if you think of anyone working under the minimum wage (or a living wage) as being a scab who is bucking the union.

anyway, the union is a source of bargaining power for workers. not taking advantage of it is your mistake.

[Anonymous No.25160879]

>>25159873
like i said before, if the only way you can produce value is by paying people below a living wage, then your business is not valuable enough to exist. society doesnt owe you a business if it isnt profitable.

in your example the only thing you are actually deriving value from is your ability to extract labor from someone at an extremely low price. most people call this "exploitation" and instinctively understand its not a situation that should be allowed to take place in the long run.

[Anonymous No.25160933]

>>25160151
>demanding higher wages and using every tool available to do so is sucking bureaucrats cock
>If you kill your enemies, they win.

[Anonymous No.25161027]

>>25160151
>monopolies/cartels are fine, hiking up the prices or lowering the quality creates an opportunity for small companies.
>monarchies are fine, raising taxes or starting wars creates an opportunity for small kingdoms.
id respond to your argument seriously but it’s so dumb i’d rather just make fun of you.

[Anonymous No.25161503]

increased production in the country when more people can work, increasing the supply and lowering demand when peoples wages arent that high. plus while working as a farm hand you might get donated onions

[Anonymous No.25161639]

>>25153980
20 year olds could be learning how to craft a boot in america. how many 20 year olds in america do you know how to use a loom?