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originally posted in:Secular Sevens
12/17/2013 9:40:56 PM
109

Can pure capitalism exist without exploiting the poor?

All the talk of raising minimum wage has got me thinking. While, personally, I don't believe that fast food workers should be making $15/hr, I do believe that working full time at minimum wage job should at least put a roof over your head, clothes on your back, and food on your table. The minimum wage should be increasing at the same rate as the cost of living. The US federal minimum wage is $7.25/hr, which was last adjusted in 2009 - nearly 5 years ago. People working minimum wage jobs [i]need[/i] those cost of living adjustments. Letting the free market determine what something is worth is a basic principle of capitalism, yes? If the free market decides that someone flipping burgers is worth $3/hr, that person is screwed. The unfortunate part of this situation is that $3/hr is better than $0/hr, even if $3 wont buy you shit, so people will take those jobs. Capitalism is inherently emotionless. At what point does one put aside their capitalistic intentions and exhibit compassion in taking care of their workers?
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  • Edited by DarkRain334: 12/18/2013 9:44:15 PM
    Capitalism is about the privatization of production where trade is controlled by the private sector, and the free market regulation of basic commerce. It's beyond stupid if you think an economic system is emotionless. It's a simply a system in which things work, and it's the most effective system to maximize a countries economic potential. Yeah, people have to make profits, but that doesn't mean you have to step on the poor to do it. A capitalist system is the only one where you have a chance of coming from the bottom class to the upper class, and the market will let you do that. And who says workers aren't taken care of? You need to get off the computer and experience the real world. Workers are offered many benefits in practice and theory doesn't even claim you shouldn't give workers some compensation. And no one who can get a higher paying job will work a $3/hr job. That's why kids enter the job market with low paying jobs. Obviously they don't intend to work those jobs for the rest of their life. The only people who will get those jobs are people who are desperate or entry level workers, so the notion that these jobs won't be passed up for others is beyond stupid. It's pretty obvious you don't know how capitalism or people work. Pick up an econ book or something.

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