Earlier quoted context omitted.
That's true to a certain extent, but experience (19th century beginning-of-industrialization) has taught us that the floor (i.e., the equilibrium) is bad enough that we don't want that sort of circumstances. In other words, it turns out that people want to work to eat so badly that they'll put up with working 14-hour days and letting their 10 year old children work in factories that literally kill 10's of them per ye…
This is a reasonable position and well-stated, but my concern is the implication that you will be vilified if you start a business that can't maintain a full time workforce with benefits. So, let's say you're an investor. You've got the choice of: 1) invest in a business with traditional happy lifer employees 2) invest in a business that treats its workforce like disposable contractors and may eventually become an En…
I think it is generally agreed that #4 is preferable to #3. Because local jobs!111
I mean, seriously? That is your argument?