So if there was more demand for employees, you think that it would have no impact on wages? Sure, economics is just vodoo magic and the government controlling everything is the way to go. If you want an economy with really high unemployment and a smaller GDP you would be great at accomplishing that.
You have an accounting firm and I have an accounting firm. We both have a job opening for an accountant. There is only one available accountant. That guy is going to get paid well to the point our businesses can still be profitable by hiring him. If the government tells us that we have to pay him a wage that neither of us can afford, he doesn't get hired and maybe our accountant firm closes it's doors. So you tell me which option is better? The government setting the wage or the businesses competing for the person's employment?
I don't think we're on opposite sides of this issue, we're just expressing things differently.
I'm for fair competition, you are for fair competition.
My argument is that our business landscape has become incredibly non-competitive. I don't want government to interfere with the free market, I want it to restore the free market. The way it had to be restored 100 years ago. When Oil, steel, and railroads were controllled by one man apiece.
Right now government intervention is causing those few mega corporations to thrive, at the expense of the free market, the economy, and fair wages.
Those profits, are not benefiting workers, they are concentrations of wealth by companies with the power and influence to devalue the workforce, especially since we've minted trade agreements that make it even easier to send jobs overseas. They pay workers less therefore their profits go up.
When this happens, just like 100 years ago. These companies have to be excised like a tumor. Because they've metastasized past the boundaries of the free market, and have become governments in their own right. Our government, the one that should be controlled by the populous, must reassert the authority of democratic rule over corporate cronyism.
Otherwise these mega corporations will get bail outs and subsidies from our tax dollars, and dodge taxes they're supposed to pay, they'll send the jobs that pay those taxes overseas, they'll crush small businesses who would pay fair wages, and their profits will skyrocket.