Comment Re:Crazy (Score 1) 778
Business model is not broken only due to artificial govt laws that do not operate in the free market but are there f9r political purposes.
All laws are artificial and do not operate in the free market.
If minimum wage was set tomorrow to 100 usd per hour by your logic it would mean that every business is broken, because near nobody can afford those labour prices.
No, this is what we call an excluded middle fallacy.
We (and this is a problem afflicting most western countries) don't have high unemployment because people are being paid too much. We have high unemployment because there's not enough work for them to do. Sure, you can get rid of the safeguards around things like minimum wage and worker safety, which will drop the unemployment numbers, but all you've done is engaged in a slightly different form of rigging the numbers. The core problem remains.
Employment for the sake of employment is not the goal. You can do that tomorrow by reinstating slavery and having people move piles of rocks around (which is, basically, what people who think there shouldn't be a minimum wage are arguing for). Creating wealth and increasing living standards for everyone is the goal.