majorspark;1742977 wrote:I don't have time to review these numbers. However you are giving an example of a job market in a limited geographical area. It is a personal choice to remain in a given job market is it not? US citizens are free to traverse the national job market with few legal hurdles. This guy at the base is not even willing to leave NYC to cut his living expenses dramatically and perform the exact same job for the same money elsewhere.
Typical. There is only so many slices of the pie to give out. Maybe we need more bakers. So the solution to the problem is to force an employer to provide compensation to an employee greater than his/her value?
You people are all about strict government regulation of economic activity. Should we not have better regulation of the immigrant workforce that would bring in more skilled management type individuals or potential job creators? Why not focus on more developing potential job creators? Any healthy economy should have jobs readily available to those initially entering the work force.
Even if we had perfect labor mobility there are not enough jobs for everyone willing and able to work more right now...not to mention all the people who have completely checked out of the labor force.
This is a social fact of capitalist economies. This was just as true in 1837 when we had the closest thing to a libertarian labor market, a gold standard, no central bank, no income tax and only small levies on the consumption of imports...and yet high unemployment persisted for years after the panic of 1837.
Back then the unemployed turned to socialism and karl marx. And so, the welfare state was created to stop the communists.
But, the welfare state divides the working class against itself as this thread indicates.
So what do we do? No welfare state and risk socialist revolution?
Should we have a welfare state and have working people lament when the gubmint improves the living standards of some people at the expense of others?
Neither.
An employer of last resort through non-profits and social enterprise at a wage below the prevailing private sector wage satisfies all of the concerns you raised.