What would it be like if companies didn't have to adhere to any sort of minimum wage law and they could pay you as they saw fit?
Do you think entry level wages would stay the same or would they gradually decrease every quarter to coincide with shareholder revenue reports?
then you could actually negotiate what you want to be paid in instead of being forced to accept fiat. for instance, getting experience/training at a job is incredibly valuable.
interesting take. ultimately, no because these people still need to live somehow. minimum wage is actually still too low.
if the wage was not regulated, then capitalists are incentivized to exploit your accessibility to resources necessary to live your daily life. basically, all form of exchanges are extortion in some sense. the capitalists have high access to the information of the fiat.
Don't forget gibs. In many instances having no income to get gibs can outperform taking a minimum income. Raising your value on gibs can thereby outperform being officially a minwage employee.
no minimum wage in singapore. As a result low skills jobs are plentiful and easy to find BUT wages are low when compared to US or Aus.
You have to be well educated or business savvy in SG to make it there
they can find a place to live, even if you have to live with your parents or at a homeless shelter. and if there were no minimum wage, employers could even provide dorms where workers could live and eat for free.
just more opportunities for the companies to engage in arbitrage, not the real liberty.
unions also exist. abolishing the minimum wage would solve our problems and give people the freedom and agency they deserve.
Unions are cartels and should be made illegal. That's true capitalism.
You have no liberty either way. Regulations keep you from being competitive by pushing the money required to enter a market beyond what any middle class could afford. That's how most end up forever wagie instead of self-employed. The only ones escaping from this come from emerging new sectors where the walls weren't up yet.
listen yourself. if cartels should be banned then the government should be banned because the government is the biggest fucking cartel on the planet.
Burger here, we live in a corporate oligarchy where gains are privatized and losses are socialized.
So they would pay people near nothing and lean on daddy government to provide handouts.
It is a lot like socialism even though the initial goal is to provide the ultimate free market.
>getting experience/training at a job is incredibly valuable
This.
A bad employer is going to exploit you anyway they can regardless of the laws. Even workers try to exploit each other by trying to monopolize easy work. There will always be bad actors getting their way no matter what system you implement. With communism, you'll just create a different set of bad actors.
isn't this why we're shilling crypto so hard? the npcs should have access to liberal forms of money basically.
>if cartels should be banned
cartels are illegal you mong
That was the popular advertisement, it's donezo in many ways already. Regulations crippled many places before the normies took the chance. Bitcoin is undermined and owned by the very people crypto is supposed to fight. Of course it still does it's job in third world shitholes where bitcoin is still more stable than the native currency and the risks of life are higher than getting caught working with crypto.
I think the most realistic outlook for us in the first world however wasn't that it would give freedom but that it was a chance to get a bit of the pie before it was corrupted and owned by the banks&govs.The end result will be just worse imo - all your transaction on bitcoin are forever tracked. You are more watched than with your credit card. Monero promised hope but got repeatedly compromised. And if we really get a true user currency you still have to see what gov regulations will do to it.
which is why fascism makes a lot of sense
Illegal immigration would be even worse for entry-level jobs because a desperate guy fleeing Mexico would undercut an American citizen 9 out of 10 times.
This. Fascism protects Capitalism and removes degenerates. It's based.
It depends on how immigration is handled, in a closed off system it would be based on the supply of labor and would generally be better for everyone, in our current system they would import enough people to drive it down to nothingness which is whats already happening despite having a minimum wage.
Then why are they gov funded?
See Hooverville
A company in such an instance should be required to provide upward mobility through training programs, school, etc.
>this amount of capitalcuckism
wtf... why would you want to basically give up your life to the corporations?
why are banks mean
why do i have to wagecuck
why isn't life fair