RE: Why minimum wage hurts minimum wage earners. by erroneous-logic

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regulation · @erroneous-logic · Aug 22 '16

Yes, although simply getting rid of minimum wage won't fix the jobs issue. You need to stop requiring all the expense of the fees and the fines and the permits and licenses  for new businesses. Small business are, and have always been, the largest employer. All the layers of restriction prevent them from being formed in the first place, which does nothing good for the price of labor, from the perspective of the worker.

👍 theonelaw, godo

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@theonelaw · Aug 23 '16 (edited)

What you said describes so well  one big reason why I left the USA all those years ago. 
I did not wish to become a boiled frog.
Wish it were fixable, but it ain't.

![The One Law]http://the-one-law.international/Data/TheOneLaw1rc72.png)

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@erroneous-logic · Aug 23 '16

Oh, it's totally fixable. Of course, there's a possiblility that there will be times of hardship. But open your eyes and look around. People are taking the legs out from under government everywhere you look. You can buy bitcoins instead of dollars, decentralized services are popping up more and more, people are becoming more and more comfortable simply ignoring the arbitrary sharecropping rules that government has been imposing on business since government realized it could just make people give it a percentage for no apparent reason. 
Things are changing. There will be rough times while people sort out a new way for things to work, but the old world is going away, one tiny little bit at a time.

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