From: David Lucifer (david@lucifer.com)
Date: Sun Oct 26 2003 - 10:03:05 MST
[simul]
You proposition is that employers won't "magically" come up with more money.
Say an owner earns 5 million in profit off of labor, employing 50 people. This owner is then forced, because of unionization or populist laws, to pay everyone an extra 20,000 per year.
The owner now earns 4 million.
The money comes out of the profits for the owners of a business.
[Lucifer]
Your scenario is handled adequately by competion in the employer market. If the industry can really generated $100,000 profit per employee as you stipulate, a competitor would certainly hire all those workers away for $20,000 extra per year. No unions or populist laws would be necessary.
But your example is totally unrealistic if we are talking about minimum wage, especially when you consider that an extra $20k per year amounts to an extra $10/hour.
Let me bring up the volunteering argument again. Do you really think it should be illegal to volunteer your time? If not, isn't that inconsistent with minimum wage laws?
---- This message was posted by David Lucifer to the Virus 2003 board on Church of Virus BBS. <http://virus.lucifer.com/bbs/index.php?board=54;action=display;threadid=29592> --- To unsubscribe from the Virus list go to <http://www.lucifer.com/cgi-bin/virus-l>
This archive was generated by hypermail 2.1.5 : Sun Oct 26 2003 - 10:03:31 MST