Chuck is the latest proponent of neoclassical nonsense to grace our blog:
How much worse off would people in those countries be if their children couldn’t work? You can’t apply U.S. ideals to countries that aren’t as far along the economic life cycle as the U.S.
His first paragraph attempts to justify the total failure of the lack of minimum wage laws in the 3rd World to deal with the problems of unemployment or poor pay. He deals with this by not answering the question.
Meanwhile, Cuba has a minimum wage law and has full employment. In the US, there are indeed states in the US South that have no minimum wage laws. I’m not sure what the means in terms of what employers can do, but those states have the worst pay and working conditions in the US.
In fact, you will see an excellent correlation in the US and around the world: Everywhere there is no minimum wage law, you have terrible pay and working conditions, and in many places, you also have mass unemployment. The working man is getting fucked. Countries that have minimum wage laws, on average, tend to have better treatment of workers and better pay.
Lack of minimum wage laws is bad for workers!
Once again, we see the enemies of the workers, the neoclassicals, claiming that they are out to help their worker buddies. It’s a lie. Why would our enemies want to help us? The neoclassicals are the agents of Capital and the rich. They want to get rid of minimum wage laws because that’s good for capitalists. It’s good for capitalists and bad for workers. Workers in the developed world won’t work at a shit job that doesn’t even pay enough to survive. Indeed, the minimum wage itself is barely even enough to survive on. Some say it’s low that you can’t survive on it. I’m not sure if that’s true, but if you can barely survive on a minimum wage, how could you survive on a sub-minimum wage?
Thomas Sowell, a Black neoclassical economist, says that we should get rid of minimum wage laws so ghetto Blacks could have jobs. But the jobs did not leave the ghettos because of minimum wage laws! They left because the ghetto Blacks destroyed the neighborhood, mostly through crime, and all of the businesses fled. There are jobs in those areas, but many young Blacks do not want to work for them. They barely want to work for minimum wage. They consider that chump change. They make a Hell of a lot more money selling dope, which is why they do it.