Re:What harm do minimum wages do?
by missedthecue on Wednesday August 19, 2020 @02:34PM
(#24214218)
Again, a free market doesn't mean that everyone can easily buy or sell any good or service. Plenty of things prohibit this, including geographical challenges, language barriers, import tariffs, and other natural and contrived barriers to trade.
A free market means that the distribution and production of goods and services do not rely on centralized planning, but on price signals.
Re:What harm do minimum wages do?
by deegles on Thursday August 20, 2020 @09:37AM
(#24223078)
Ok, maybe labor is technically a "free market" because the price signals exist and there is no centralized planning, but the issue still is that there are too many barriers for labor to move around.
A free market means that the distribution and production of goods and services do not rely on centralized planning, but on price signals.