12-25-2016, 05:41 AM
(This post was last modified: 12-25-2016, 05:43 AM by Eric the Green.)
(12-24-2016, 10:30 PM)Ragnarök_62 Wrote:(12-24-2016, 09:42 PM)Warren Dew Wrote: Higher minimum wages don't cause people to be paid better, though; they just cause people at the low end of the wage spectrum to be put out of work.
But, but, who in their right mind wants to work for a penny/hour? We're in a Neo Gilded age and since there are no large labor unions, that's what sort of stuff will happen. The real problem is there is no such thing as equal economic power between an individual and Corporate America. .... Well, I suppose we can supplement our meager wages with massive five finger discounts.
Warren's view on minimum wages is based simply on libertarian ideology, and not fact. 90% of the reason why wages and salaries are so low now for most people, is precisely because too many people have believed this ideology for 37 years and counting. (I have been counting the years of its predominance for 20 years now, right here. Unfortunately I just keep on counting the years. It's like counting sheep, while waiting for the people to wake up.)
Ideas have effects, and wrong ideas have bad effects. Libertarian economics is the wrong idea, and if we want to "make America great again," we will ditch Trump and his Party as soon as we can, and dump this ridiculous, false ideology along with him.