- Capitalism and Alternatives -
Supply and demand can be subverted.
Posted by: What Tiler ( Britain ) on March 29, 1999 at 17:50:45:
In Reply to: Minimum wages and how to pretend to care. posted by Gee on March 29, 1999 at 16:19:07:
: This is the reality behind the feigned concern and compassionate rhetoric of politicians and other supporters of a minimum wage increase, and it is a very ugly reality, indeed.
So, then the opposite might be true ? if we reduced wages to 50 cents an hour would we have full employment ? No need to invest in expensive machinery, we could employ millions of people and make everything very laobour intensive. Supply and demand can be subverted. If an employer will not pay staff the minimum wage, we should advertise the fact so people could boycott their products - sure the business might fold but then the employer would also lose his or her job. Bearing in mind the excessive profits made by some companies maybe a consumer boycott is the best weapon we have.