I don't like Freetrade.

if he refused to pay at least the min wage, then he deserves to go out of business.. simple

if he can't run his business without employees

that is the way things work in America....

 

How do you know what anyone else deserves?

 

What if he just outsourced his workforce to China?

 

I agree the present global neoliberal "free trade" system is anything but fair. Unfortunately, WTO rules don't seem to help, as the casualties of the first world "rust belt" attest (owing to the post war rise of Asia, which started with virtual slave wages)…. Just ask Trump!

(And any protectionism that is allowed in the WTO is often wielded by rich countries to keep the poorest nations in the third world out of the market!).

A solution:

https://www.themacrotourist.com/posts/2019/01/23/mmt/

A great read, with many links, presenting a means of dealing with the losers in competitive neoliberalism.

Actually, MMT is at first concerned with intra-national economic management, but the resulting increase in a nation's internal prosperity would make external trade a much less fraught process, as is shown by the difficulty of striking trade agreements in an environment where every side is desperately tyring to protect their own advantage!.
Australian economist Steve Keen, (referenced in a link in the article linked above) comments on this present shortcoming in MMT, and suggests a way forward for MMT to embrace international trade.]

 

I think difficulty with international trade when wealthier more expensive country trading with poorer less expensive country with much lower wages, lack of pollution laws, lack of workplace regulations, etc.
Especially when that wealthier country have employment problems.

If plenty of good employment available for all in wealthy country, maybe comparative advantage apply, but otherwise not.

Trade between equal countries, I see no problem.
Like if only two countries, UK and France trade, no problem.

Tariffs, protectionist subsidies, don't matter.
If government subsidizes one industry, that money has to come from increase in taxes, so overall does not make your economy more competitive.

Current mainstream economist is stupid, they have it all wrong.

 

What if they're not worth minimum wage?

 

then don't hire them, do the work yourself.....

if the employer has to do the work themselves, they may decide it's worth the min wage to have someone else do it

 

It seems cruel to implement laws that result in the poorest of us being put out of work.

 

You didn't get what I was saying. I meant objectively not worth it. Like an employee that can only make 5 widgets an hour when the profit is $1/widget. Sure, I could do it myself, or I could just fire his ass and hire someone who can make 12. You think he'd rather be unemployed or making $4/hour?

 

that makes it illegal to employ all those who are not worth the minimum wage, those who need jobs the most!! Liberals don't know it but their programs amount to war on the poor.

 

Employees are in the driver seat since the employer must pay the highest wage possible to keep his employees from going to competition. Of course when liberals let in 30 million illegals that puts employees in drivers seat. Do you understand?

 

and the long term libcommie goal is to infantalize them so they never learn to stand on their own two feet?

 

why is it greedy to lower prices for your customers so you have customers, stay in business, and employ people?
Econ 101. Ever think of college?

 

Even tougher? liberal deals were not tough at all which is why 30 million American jobs were shipped to China and why 10 million working class Democrats switched parties and voted for Trump!! Got it now??

 

Nope they elevate the poor.

 

The long term goal of the far right, to keep people at the bottom and a few more rich.
But since the bottom, from whom the fare right draws, are very low information, they believe the crap, the far right tells them.

 

101, I raised prices, and I am still in business and make very good money, my employees, too.
Ever think college ?

 

30 millions, an other made up figure.
Who told you that ?
Your college ?

 

FWIW, most countries employ mixed economies.

 

So most states allow some level of free market. Interesting. So what does that tell us?

 

To be fair, that is a little oversimplistic. There is a certain amount of equilibrium. If an employee really doesn't like the specific situation at a business, it is possible to change jobs.

(of course you can argue the equilibrium is heavily balanced in favor of employers, but that doesn't necessarily have to be the case in every country)

 

That they allow both private and public corporations.

 

All depends on the state of the economy and unemployment. In these times of under 4% unemployment, it should be an employee's market.

 

Speaking of fair trade.....
Cooperatives often bring coffee from South America to Canada in such a way that the producers earn a living somewhat comparable to Canadian standards.

https://en.wikipedia.org/wiki/Antigonish_Movement

 

Who is this freetrade fellow and how did he get on your bad side.