Wage Slavery is a Symptom of Unfree Markets

An argument for why Wage Slavery is directly caused by Statism.

List of Citations:

Price Ceilings: http://en.wikipedia.org/wiki/Price_ceiling

Rent Control: http://www.econlib.org/library/Enc/RentControl.html

Price caps on Insurance: http://online.wsj.com/article/SB123371173559046209.html

Price caps on food items in North Korea: http://www.nkeconwatch.com/2010/08/06/regular-food-rations-not-provided-as-pr...

Price Controls in Venezuela: http://www.forbes.com/2010/01/14/venezuela-inflation-price-controls-opinions-...

Income Tax rate: http://www.irs.gov/pub/irs-drop/rp-09-50.pdf

Small Business failure: http://money.cnn.com/2009/05/11/smallbusiness/why_small_businesses_fail.fsb/i...

Calculate Compound Interest: http://www.moneychimp.com/calculator/compound_interest_calculator.htm

Government's own cost of regulation in California: http://www.sba.ca.gov/Cost%20of%20Regulation%20Study%20-%20Final.pdf

Regulation and children: http://www.nydailynews.com/money/2010/08/06/2010-08-06_health_inspector_shuts...

Deadweight Loss (Taxation): http://en.wikipedia.org/wiki/Deadweight_loss

Category:

Education

Tags:

• Wage
• Slavery
• Free
• Market
• Capitalism
• Syndicalism
• Finance
• Economics
• Price
• Controls
• Taxation
• Barriers
• to
• Entry
• Anarchism
• Libertarianism
• LaughingMan0X

[TheEthanwashere]

Taxation= more income equality. I think you're ignoring a lot of factors here. also minimum wage by a state DOES assist the worker

[LaughingMan0X]

@TheEthanwashere

A minimum wage is a price floor, price floors for labor below the equilibrium wage create unemployment that disproportionately affects the poorest people in society. This is because, "effective" MW increases wages, higher wages increases the quantity of labor supplied, but since the price for labor is higher is decreases the quantity of labor demanded. The price floor prevents the economy from equlibrating and the result of the difference is unemployment.

[TheEthanwashere]

Lol... ok so while the State does work in collusion with business without a government it seems even more likely that monopolies will be formed.

High tax countries- ex nordic model, have high social mobility, workers are covered by a workers board and they consistently rate the happiest of countries.

In germany's social market economy workers also have more freedom in the means of production in Mercedes and are happier for it. Basically taxes help these people, not the other way around.

[LaughingMan0X]

@TheEthanwashere

Secondly, taxes reduce the absolute condition of everyone who pays them. Suppose I had you divide $50 among 4 people (including yourself), and suppose there were only two possible divisions:

D1) You: $20, P1: $15, P2: $10, P3: $5

D2) You: $10, P1: $10, P2: $10, P3: $10 (rest of the money is burned)

Which distribution would you prefer? I see no value in economic equality if it comes at the cost of the absolute condition of society as a whole being reduced.

[LaughingMan0X]

@TheEthanwashere

Thirdly, Taxes entail the excess burden of taxation. Taxation raises the cost of production, reduces the total revenue of firms, and raises the price of a good being produced so goods cost more, people buy less because its more expensive, and firms produce less because people demanded a smaller quantity and because the cost of production is higher.

[LaughingMan0X]

@TheEthanwashere

Fourthly, how does taxes give workers more freedom in the means of production? They have to pay them too. Also, why in the absence of government imposed barriers to entry would monopolies be more likely to form.

[fringeelementsNewLow]

@brainpolice2 Let me clarify: You, Fringe Elements, are an asshole.

[roywheeler66]

@NickTreklis Thanks for responding I learned some things in government schools also. But if I worked for the mafia and they taught me a lot of useful things and maybe where even nice to me, but they were also murderers, I wouldn’t think that they were good people, and that I should get more involved with them so that I can reform the way that they do business.

[NickTreklis]

@roywheeler66 I learned some valuable and essential skills while in government funded schools. We can end up as slaves to our capitalist employers or our own very own desires and attachments. Also, there are many things the US Government does that I don't like, but paying taxes so everyone access to quality education, healthcare, and sound infrastructure isn't one of them. Equating these programs to a reckless foreign policy and trying to undermine rather than reform them is pure stupidity.

[roywheeler66]

@NickTreklis. government schools are compulsory brain washing indoctrination and propaganda dissemination camps that the slaves must attend make no mistake we are slaves if you don’t think so you are suffering from what psychologists call Stockholm Syndrome, also you left out theOther great things that our wonderful power elite in Washington do like murder millions upon millions of innocent children in their overseas wars and threaten the life and the liberty of everyone on earth.

[NickTreklis]

@InvincibleNumanist

It's there for everyone to take advantage of it, and much of it is also funded by the corporate income tax and income taxes on the super rich. Not sure what you think, but I would agree that too much of that burden falls on the back of the already underpaid working class.

[InvincibleNumanist]

@NickTreklis

Because much of that infrastructure is simply a way to externalise costs onto the public allowing corporations to reap the benefits.

[NickTreklis]

Why do you act is if when the government taxes people's income that the money doesn't go to things like infrastructure, science, education, health care, and environmental protections? Also, most workers would not be significantly empowered even if they got to keep their full paycheck.

[NickTreklis]

Why do you idealize competition as if it has the divine power to solve all of man's problems?

[NickTreklis]

How does monopolization of a market automatically mean less demand for labor? Whether there's one corporation controlling a market or 1,000 corporations competing for market share doesn't change the fact that just as much work needs to be done requiring just as many laborers to perform that work.

[fountainherz]

@LaughingMan0X

4) Finally I'd like to clarify that MW can definitely cause unemployment depending on context (if the cost of labor is 20 cents and MW is 7 dollars) and the issue of discrimination between skilled and unskilled I also agree with, but overall, (when given context again) I don't think it will have a very good relieving of unemployment and could even exacerbate under certain circumstances.