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Anorak | If The Capitalists Ship Our Jobs To China They’ll Be just Fine With The Minimum Wage, Right?

If The Capitalists Ship Our Jobs To China They’ll Be just Fine With The Minimum Wage, Right?

by | 1st, October 2013

A VERY nice little piece of logic from Don Boudreaux over in the US. We do all agree that capitalists are swine, I hope? That profit is the only thing they care about ?

When the subject is international trade you correctly recognize that, all other things equal, firms prefer to pay workers lower rather than higher wages and will, as a result, actively exploit all available profit-enhancing opportunities to lower their production costs.  So why do you not recognize that the same economic motivation and opportunities exist when the subject is the minimum wage?

Now, assume we do all agree that all capitalists is bastards, greedy ones for their own profit at that. And we all also know that they’ve been packaging up our jobs for the past few decades and sending them off to China where they can pay spit for labour. Because they’re greedy so-and-sos out only for their own profit. So, what’s going to happen if we have a minimum

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Posted: 1st, October 2013 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink