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bj0rn
The Majority Report w/ Sam Seder
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Comments by "bj0rn" (@TheLivirus) on "Sam Seder vs Libertarian Professor Walter Block (Full Debate)" video.
If no one accepted the salaries, the employers would be forced to raise their offer. So the big question is, why are people accepting a salaries below which are enough to live on?
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If people had options, they'd turn elsewhere for employment. This would make employers compete against one another for employees, pushing up salaries. If the game is rigged, some aspect of this mechanism isn't working. Either there is a shortage of employers competing for employees, or they conspire about salary levels. Probably the prior is a larger factor. Then my question is: what are the reasons for the high unemployment rate? Do employers actively work to keep it high? How? Or is this a result of politics aiming to keep cost of labor low, making the economy more competitive on the global market?
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Of course we don't live in a capitalist utopia, that was exactly my point. The reason I'm asking questions is because I'm curious. How is the system rigged, and by whom? What are the main mechanisms keeping salaries low? What are the main mechanisms preventing an uprising? Was the system designed with these mechanisms and their effects in mind, or were they coincidental and only later discovered, exploited and protected by those who benefit?
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While I'm speaking to the man who has all the answers, I must ask: why is there something rather than nothing?
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I'm sorry Walter, but you'll have to choose between government legislating minimum salaries and minimum standards for working conditions, or you're gonna need strong and healthy unions negotiating these. You can't have neither.
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