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Posted on 8/20/21 at 8:51 pm to tgrgrd00
quote:
The discussion is about Free Market as stated in the OP.
OP didn’t define “free market.”
quote:
The free market by definition is devoid of outside influence ie exactly like the government or politics
Sure, if you’re just talking about theoretical economics. I’m talking about the real world. People freely chose UE policies via elections or freely chose to consent to UE policies via their participation in society.
This post was edited on 8/20/21 at 9:08 pm
Posted on 8/20/21 at 8:55 pm to stout
quote:
Horrible take.
Explain to me how the Government giving out unemployment benefits is a free market
A well functioning market determines price points with buyers and sellers who are not under duress. It is part of the definition of fair market value.
A labor market where people's basic needs are met prior to seeking work would meet that that definition.
This would give a far more accurate indication of the real value of labor where there is no economic duress present on any party involved.
quote:
Fair market value is defined in Treasury Regulation §1.170A-1(c)(2) as, "The price at which property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts."
By definition, if you are under some sort of economic compulsion forcing you to sell your labor for less than you would otherwise be willing to do so, then it cannot be a fair market price point for that hour of labor.
This post was edited on 8/20/21 at 9:10 pm
Posted on 8/20/21 at 9:00 pm to stout
quote:
Explain to me how the Government giving out unemployment benefits is a free market?
As long as the rules are the same for everyone it is technically still operating with the same principles. It should cause inflation but still.
Posted on 8/20/21 at 9:01 pm to tigerinthebueche
quote:
No one needs $15/ hour to flip burgers. That’s not market driven. That’s libtard philosophy driven.
The market chose to have a minimum wage.
You don’t think elected officials know how to properly set the floor on wages but you know how to set the ceiling?
Do pseudo pure libertarian business owners refuse payments from people whose wages were raised by minimum wage laws or from people who get UE?
Posted on 8/20/21 at 9:05 pm to tigerinthebueche
quote:
And chances are that owner is and has flipped many burgers while some loser called in sick or sat in jail on a drug charge. Terrible take indeed.
All the time
Posted on 8/20/21 at 9:16 pm to Jon Ham
quote:
OP didn’t define “free market.”
What the frick? OP nor anyone else gets to define free market. A free market is a well defined and established system that is not open for interpretation.
Free Market - an economic system in which prices are determined by unrestricted competition between privately owned businesses
The stupid meme in the OP references free market without any idea what a free market is and idiots repeat stupid shite like in the OP like it's some great take. When, truly, it's stupid as frick.
This post was edited on 8/20/21 at 9:39 pm
Posted on 8/20/21 at 9:20 pm to Jon Ham
They’re competing against the government for employees retard.
Posted on 8/20/21 at 9:20 pm to Jon Ham
This had nothing to do w the free market
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Posted on 8/20/21 at 9:21 pm to stout
quote:
Explain to me how the Government giving out unemployment benefits is a free market?
Its the exact opposite
Posted on 8/20/21 at 9:25 pm to Roll Tide Ravens
quote:
And when you do go up, you have to raise prices for your goods or services in order to continue to meet your margins.
And then sales go down as people, like the OP, scream about high prices.
It's a downward spiral. Hence the number of closed restaurants and other small businesses.
Posted on 8/20/21 at 9:25 pm to Jon Ham
quote:
The market chose to have a minimum wage. You don’t think elected officials know how to properly set the floor on wages but you know how to set the ceiling?
At first I just assumed you were trolling. Now you are starting to concern me by confirming this country really has people that believe this stuff.
Government officials are terrible at business, including setting wages. Anything in government because wasteful bureaucracy. It’s very alarming that people think like you.
Posted on 8/20/21 at 9:35 pm to Jon Ham
those downvotes
Posted on 8/20/21 at 9:35 pm to Jon Ham
quote:
You don’t think elected officials know how to properly set the floor on wages but you know how to set the ceiling?
“Free market” the wages are not supposed to be “set” A person looks for a job , finds job making x amount . Person finds out x amount does not pay the bills so goes and finds another job making more. Original job has to offer more money to find workers to fill the job. Its middle school economics. Minimum wage does nothing but to increase inflation that is a fact.
The market now has an influx of free sit your arse at home government money. A large percentage of americans would choose to sit on their arse and make less money than goin out and working for a little more. Therefore businesses have to increase wages greatly over unemployment to even get some people to work. Thus increasing inflation and all prices to rise in order to compensate.
Posted on 8/20/21 at 9:38 pm to Jon Ham
quote:
The market chose to have a minimum wage.
The government set minimum wage which is a violation of free market principles. The government forced minimum wage which is also a violation of free market principles.
Then you people bitch about the "free market" which isn't a free market because of government intervention. Then vote for the side of more government and wonder why the market is shite.
fricking clown people
Posted on 8/20/21 at 9:44 pm to Thoresten
It isn't a free market unless a person can choose to not work and still have their basic needs met.
A situation in which a person is forced to work to survive cannot be a free market since a person does not have the choice to not sell their labor
A situation in which a person is forced to work to survive cannot be a free market since a person does not have the choice to not sell their labor
Posted on 8/20/21 at 9:45 pm to Jon Ham
Government interventionism isn’t the same thing as free market forces. It doesn’t matter who elected the government, because a true free market as thought of in laissez faire capitalism assumes that people are allowed to buy and sell goods with impunity from one another based on no other force than ones desire and capacity to sell a product to a willing buyer.
The more you allow for government regulation and intervention, the further from a free market you end up. We are very far from a free market in American society.
The more you allow for government regulation and intervention, the further from a free market you end up. We are very far from a free market in American society.
Posted on 8/20/21 at 9:47 pm to Thoresten
The government isn’t restricting anyone’s right to engage in business. Business just aren’t entitled to others’ labor at wages that allow the business to profit off that labor. If your business can’t churn a decent profit paying its employees $15/hr then your business isn’t the fittest. Is it survival of the fittest or survival of those that hardly turn profits while paying employees $10 or less an hr?
This post was edited on 8/20/21 at 10:34 pm
Posted on 8/20/21 at 9:48 pm to Jon Ham
Tell me you don’t know dick about business without saying you don’t know dick about business
Posted on 8/20/21 at 9:56 pm to Jon Ham
quote:
The government isn’t restricting anyone’s right to engage in business.
I mean, they are though.
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