blame the minimum wage laws
If they were higher, the working class would have more disposable income that they could spend on buying things like guitars. Increased aggregate demand for guitars would cause greater employment at guitar center.
Instead, the shitty minimum wage law allows employers to pay workers stupidly low wages, so that the working class can’t buy any thing fun, and thus guitar center can’t hire very many people.
The problem with your argument is the fact that employers cannot supply those jobs at higher wages artificially. Wages rise with time - employers do not have means to hire everyone at those higher wages.
They’re too busy paying themselves 375 times more than the average working class citizen. They could reduce their own pay to pay for more workers.
Unless there was some way to instantly grant employers the money to demand those jobs, they won’t be able to.
Employers already have the money, the monopoly on capital, and the support of the state. But they still need MORE before they stop exploiting people?
It’s like saying “Oh if you give a Mafia boss more guns then he’ll stop shooting people”.
Employers don’t need more money or capital. They need to start paying their workers more, and they need to stop exploiting the shit out of the workers.
Eliminating minimum wage and allowing employers to create sweatshops will increase employment, but the working class would still be fucked over.
“Wages rise with time”
Too true! CEO wages increased 27% in just ONE YEAR! Average worker pay increase in that time period? 2.1%. Oh. Hmmm. Seems like we’ve granted these people plenty of money to hire people at higher than the minimum wage. Tell me, wise Libertarians: how much do we have to pay CEOs before we can make a living wage?
Hahaha. Adjusted for inflation, wages have actually been stagnant since the 1970s. Exactly how much time are we going to give wages to rise until they’re both liveable and poor and middle class people are actually earning more towards the American dream?
I’m sorry to say this, because people who don’t know much about Libertarian philosophy will think I’m being hyper-partisan or unable to sympathize with another person’s point of view, but anyone who buys Libertarianism whole hog is a fucking idiot.
You know what Libertarianism is, really? When you strip away all of the fluff and talking points? It’s a return to feudalism. Plain and simple. Allow me to explain.
Libertarianism is based upon what they say is the basic human right to own property. According to a Libertarian, all other rights stem from this right. Feudalism is an economic system controlled entirely by those who own land. Anyone who does not own land must work the land they live on for the landowners, in order to remain living on that land. In a Libertarian society, anyone who does not own land (or other real property) will be forced to work for those who do, and without wage laws and other forms of worker protection, will be screwed. The “free market” only works as such for those with economic power, i.e. landowners. In other words, feudalism.
So please, Libertarians, don’t try to tell me this is some new, magic-bullet idea that can save the country. Average people have been fighting this type of system for over 1000 years. You’re all assholes.