- 11 Mar 2009 08:04
#1830398
Since socialists are intimately connected with labour, unions and labour laws I feel this is an appropriate place to ask this question. Who do you think you're helping with labour laws? How do you feel that these laws make people's lives better? Labour laws can only prohibit certain types of labour. Minimum wage laws prohibit labour for under the minimum wage. It certainly has no power to raise the value of a certain type of labour. Who do you think benefits from this? Or laws that prohibit people from working in unsafe conditions. Why do you think people choose to work in unsafe conditions? Because the alternative is worse! Making laws prohibiting these unsafe conditions will simply shut down enterprises, taking away the jobs that these people want to work and the wealth these companies were creating.
If socialists really cared about labour and workers, they would care enough to abandon their nonsensical superstitions about economics long enough to consider the consequences of their actions in this regard. Labour laws hurt workers and help only a few select special interests. If you truly want to help workers there is only one way to raise wage rates - and that is through increasing worker productivity. The direct correlation between the two is well known by Austrians. Consult the following graph . In a market economy the only way to raise wages for workers is through productivity increases.
Minimum wage laws are particularly heinous. Think about it. You are outlawing labour for people who need it most. People who have nothing. It is almost as if these laws are specifically targeting the poor. People who socialists claim to care about. If socialists cared about the poor they would care more about the consequences of their actions than their devotion to socialist policy.
If socialists really cared about labour and workers, they would care enough to abandon their nonsensical superstitions about economics long enough to consider the consequences of their actions in this regard. Labour laws hurt workers and help only a few select special interests. If you truly want to help workers there is only one way to raise wage rates - and that is through increasing worker productivity. The direct correlation between the two is well known by Austrians. Consult the following graph . In a market economy the only way to raise wages for workers is through productivity increases.
Minimum wage laws are particularly heinous. Think about it. You are outlawing labour for people who need it most. People who have nothing. It is almost as if these laws are specifically targeting the poor. People who socialists claim to care about. If socialists cared about the poor they would care more about the consequences of their actions than their devotion to socialist policy.