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originally posted in:Secular Sevens
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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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#Offtopic
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1 ReplyNo. Pure Capitalism is pretty much what we have now sans the benefits such as workman's comp, 8 hour work day, vacation time, safe workplace, no child labor, labor laws, etc. These luxuries that companies and employers have to provide to their employees were socialistic policies that were fought for in the late 1800's to the 1930's by working class citizens, and often, they were bloody encounters. Before those happened, companies could easily manipulate and control who works under them without any repercussions or care of what happened to the workers. It wasn't until many strikes and massacres later that these provisions for the working class citizen were put into place. Pure Capitalism CANNOT and will NEVER exist without exploiting the poor and working class citizens.
