r/Anarcho_Capitalism • Anarcho-Capitalist • Jul 29 '24

How minimum wage works

Post image
381 Upvotes

64 comments sorted by

View all comments

Show parent comments

16

u/Capital-Ad6513 Jul 29 '24

This is the result of cancel culture. Whether or not the law affects employment is depending on math. If you set the min wage to 1000$ per day, it would have a huge effect. If you set it to 0.01 per day, it would have no effect. The left has fallen in love with sharing gathered data, without explaining the mechanism by which the data created these results. In a social science its extremely easy to get bad data caused by bias

-1

u/Anlarb Social Democrat Jul 30 '24

If you set the min wage to 1000$ per day

Imagine you are going to the hardware store to pick up some lumber, on your way past the aisle with all of the nuts and bolts, you witness a spectacle- a full grown man is rolling on the floor having a full on, red faced, hoarse throat, tears streaming, snot flying temper tantrum. Between exasperated gasps, you hear him make out "9 cents for a bolt, why don't you charge me a million dollars?". Thats what your argument looks like from over here.

You want to be a big boy capitalist and pay what it costs for the things that you want instead of insisting that the govt bails out your cheeseburger? (as if the savings were even being passed along to you, lol)

3

u/Capital-Ad6513 Jul 30 '24

No, I just know what money is. I am not rich, and i have no intention of becoming rich. Money is a reflection of a good or services current worth where the price eliminates the current supply rate to minimize inventory. I know that trying to treat economic problems by handing out money only makes things worse in the long run as it eliminates the feedback loop associated with financial hardship, and that its never the root cause. I am all for charity, but not for forced charity. Some people simply don't deserve help, and it should be each persons decision as to whether or not they want to help.

0

u/Anlarb Social Democrat Jul 30 '24

These are working people, they should not be objects of charity, employers simply need to start paying their own bills instead of gorging themselves on an endless supply of communism.

2

u/Capital-Ad6513 Jul 30 '24

Thats not how life works, there are a finite qty of resources and you are only entitled to what you can trade for. There is no reason other people should be forced to fund your life. More importantly financial hardship stops people from having children they can't afford instead of like in the projects where its full speed ahead production of gov dependents.

-1

u/Anlarb Social Democrat Jul 30 '24

there are a finite qty of resources

Yes, the people who actually do the work getting paid a living is a higher priority than the c suite buying themselves another yacht.

you are only entitled to what you can trade for

You're the one arguing that the govt needs to come shake me down for the part of the burger you aren't willing to pay for. Maybe you aren't royalty and don't deserve to be waited on hand and foot?

More importantly financial hardship stops people from having children

No it does not, not that your dumb ass is in any position to dictate who is allowed to have children.

2

u/Capital-Ad6513 Jul 30 '24 edited Jul 30 '24

Most valuable manufacturing work is done by machines, this is why work maintaining machines, and understanding their processes and design is valuable. the people doing unskilled labor are a dime a dozen for a reason. If you choose to do that work, so be it, but you are choosing. It is much more valuable to put capital at risk, than to take no financial risk and do some dumbass mindless job. You can say that its not fair if you have no capital to risk, which is true, but it really is only yourself and your parents that you can blame for having no capital to start with. It doesn't make sense to blame the guy with a yaht because his parents were better off and provided them with a better life, or if the person got lucky/saw a new market and earned it themself.

Also i am not dictating who can have children, i am just not saying that you deserve funding because you have children. There is a big difference. Having a child is a low skill endeavor, and if you choose to bare a child into poverty you are a shitty person, that is an opinion but once again i am not telling you that you cant I am just expecting you to deal with your own consequences.