this post was submitted on 10 Oct 2024
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MeanwhileOnGrad
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Without minimum wage, companies will pay their workers the absolute least. That's why there's a minimum wage!
And that's irrelevant if we have other mechanisms to ensure everyone has a minimum standard of living. If you are above the poverty line regardless, you wouldn't have to take poorly paying jobs if you didn't want to, but that shouldn't restrict others from choosing to take that job.
Once you start talking about other mechanisms that don't exist, then your ideology is a fairy tale. Libertarianism is stupid, it won't ever work.
So, proposing policy changes makes an ideology "a fairy tale"? How else are we supposed to actually make changes?
I would never support eliminating the minimum wage w/o some kind of replacement. But I also won't support increasing the minimum wage in lieu of a replacement, because increasing the minimum wage often does more harm than good in the short and medium terms (kills jobs and encourages longer-term replacement of those jobs w/ AI).
Some hardcore libertarians say "no welfare and no minimum wage," but most serious libertarians take a more moderate approach. So ignore the crazies that say we should radically change the entire economy "because principles" and listen mostly to those who want to make smaller changes to reduce initiation of force.
What will stop manufacturers from putting cheap carcinogens in their products?
What stops monopolies from suddenly deciding to pay as little as they can?
What stops corporations from paying as little as they want?
What happens to consumer standards and laws?
How will you assist the impoverished?
How will you stop poverty?
How about taxes?
Social services?
Where even is your evidence that removing minimum wage increases job growth? Ridiculous line of 'thinking'
In fact, I don't even care. Libertarianism is fucking stupid and will always be stupid and will always fail because it is inherently stupid.