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Thread: Minimum Wage Laws Boosting Wages

  1. #521
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    Re: Minimum Wage Laws Boosting Wages

    Quote Originally Posted by code1211 View Post
    I already know how Capitalism works.

    I'm asking YOU how your vision of the Utopian Socialist State works.

    You said:

    "And, you miss the point about capitalism's natural rate of unemployment. Full employment for capitalism is merely a convenience not a verifiable fact. Under the equality of socialism, full employment of resources must equal one hundred percent or be accounted for economically not merely denied and disparaged by the right wing for, not being worth it under Capitalism."

    What does it look like when 100% of the population is employed? Who determines who must be employed? At what level and wage are they employed? Lots of questions.

    Put some meat on those bones.
    Full employment of capital resources is what we are talking about. Capitalism has a natural rate of unemployment. Solving for that natural rate of unemployment via market friendly means can solve simple poverty. The unemployment compensation wage could be the equivalent to fourteen dollars an hour, with or without a fifteen dollar an hour statutory minimum wage.

    Employment is at the will of either party not just the employer for any benefits administered by the State. We really don't need minimum wage jobs. Capitalists are welcome to automate for the bottom line as much as they want.

  2. #522
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    Re: Minimum Wage Laws Boosting Wages

    Quote Originally Posted by code1211 View Post
    Taking the last point first, Why not? If people chose to place other goals or behaviors above your preconception that they should be constrained to a particular address, you feel that you know better than they know for themselves?

    Passing wise laws and enforcing them equally has nothing to do with a particular form of government. It has to do with the will of the governed and the governors.

    We are currently operating in a full employment economy. There are number of jobs open exceeds the number of folks available to fill them. Them's the fact in the real world.

    In your Socialist Utopia in which 100% of all people are employed, what of those that don't want to be employed or who are not emotionally equipped to be employed?

    Will your Utopia carry with it punishments for this who prefer to not work?

    "Under the equality of Socialism" is a very interesting phrase. What does it mean? Are you saying people are equal in effort? Talent? Outcomes? Energy?

    It's been my experience that people are unique. Do you feel they are not unique?

    Why is a real world example of Socialism working well for the people involved?
    Code1211, Iím a proponent of peopleís employment opportunities. It may or may not be feasible for government to be peopleís last feasible opportunities for employment. But there appears to be nothing within this quoted post of yours, that I would disagree with.
    Respectfully, Supposn

  3. #523
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    Re: Minimum Wage Laws Boosting Wages

    Automatic stabilizers are real world examples of command economics for the general welfare.

    Automatic Stabilizer Definition

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