Originally Posted by
bu villain
Nelson, I agree with you that capitalism doesn't always lead to pricing of goods and labor I would consider "fair". However, I don't see any easy answers and I think raising minimum wage wouldn't help much as prices would adjust upwards to compensate. Despite what some others on here say, there is inefficiency in our labor market and there are many barriers that keep people from leaving a bad job (location, family, education, etc). If we want real world capitalism to behave closer to theory, we need to find ways to reduce those barriers.