Thread - Nostr Hypermedia

Autumn Sun ☀️🌘 as@primal.net 1 month ago

State imposed minimum wage is a crude measure, yet a very necessary stopgap to prevent a sizeable part of the workforce to descend into absolute ruin and tragedy. The minimum wage exists because the way the societal economy (not solely the US) runs is clearly skewed, unjust and frankly dumb.

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Replies (6)

Diacone Frost diacone@anarcho.capital 1 month ago

that's probably correct. It exists because in socialism the real value is obscured

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Autumn Sun ☀️🌘 as@primal.net 1 month ago

I am unaware where this socialism is in the present day?

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Diacone Frost diacone@anarcho.capital 1 month ago

everywhere. europe especially. canada. and probably 2/3rds of the whole planet. us soon-ish

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Autumn Sun ☀️🌘 as@primal.net 1 month ago

I'm sorry but state provided welfare services are not socialism. If it was, the US would be 'socialist' as well, as even the most conservative US states provide welfare and disability payments to its citizens.

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Diacone Frost diacone@anarcho.capital 1 month ago

I didn't want to offend you. but to qote said Mises. He left a meeting with most libral (in the original meaning of that word) people of that time with: "You're all buch of socialists" It was 1947.

Milton Friedman

Diacone Frost diacone@anarcho.capital 1 month ago

and that's the very definiton. in US you were able to offset it for much longer. probably because your governmet sells debt in dollars and devalues it afterwards. now it bites your ass.