That is kind of true but it also protects corporations from small businesses. For example min wage harms small businesses much more than large corporations. You can like the “protection” but then you will get what you get with corporations and costs. If you opt for the bigger government then you will get things like unaffordable houses and inflation, so dont complain when you get what you asked for.
Ok but without regulation you get poverty wages, 12 hour shifts, 6 day work weeks, and food with no nutrition unless you think lead is a vital mineral.
This is not 1812 anymore. If it were like that why wouldnt you just work for yourself or an employer that treats you well?
Lmao
Just among so many other things, like the lead poisoned baby food from March this year, you clown, the FDA was established in 1906, and Republicans are, right now, trying to abolish child labor laws and hiring 12 year olds in meat packing plants.
In fact, minimum wage earners tend to put a greater portion of their earnings back into the local economy vs. savings and increases help or at least don’t impact particularly negatively small business. Neoclassical economics is a joke.
It was a populous example and if you want to get into the weeds on it we could, but it wasnt the important part of the comment.
I love how you guys claim that sort of economics is dumb as you cant afford a house and to feed yourselves. Modern monetary policy is working great!!
Our current economic situation is the product of decades of regulation cutting supply side (aka neoclassical) economics championed by the likes of Thatcher and Reagan, which still dominates today. You know where housing is not unaffordable? Vienna, Austria. A place where better than half the residents live in social housing. The product of a strong government and regulation.
