Which political ideology do you most identify with?
How would you justify a professional athlete and a teacher earning substantially different salaries?
@Patriot-#1776Constitution5mos5MO
Regardless of what they deserve, the free market must set all wages
@9CJ6CB64mos4MO
The invisible hand is a myth, it’s damaging to assume that the free market will simply remain free without government intervention to prevent monopolies, or at least, keep them from doing horrible things. Even Adam Smith was okay with preventing monopolies, and he literally created the concept of Laissez-Faire.
@Patriot-#1776Constitution4mos4MO
Excuse me, but this is about wage controls, not monopolies. You are, again, switching the focus of the argument to make your position sound better.
And what Adam Smith actually proposed was preventing artificial monopolies that can only survive because of state intervention, he did not criticise monopolies that naturally arise in free market conditions, only those that depend, for their survival, upon government life support and corporate welfare that necessitates legalised plunder (aka taxation.)
@9CJ6CB64mos4MO
And I am saying that the free market will fail to pay teachers for what they are actually worth. Now, I didn’t read the full conversation, that’s on me, but I still don’t trust the general market to decide how much a teacher gets paid.
@Patriot-#1776Constitution3mos3MO
Forcing people to pay higher salaries for teachers will result in schools being forced to fire a bunch of other teachers in order to afford the higher-paid ones, and/or a tax hike, which will result in everyday people keeping less of their earnings and thus spending less on goods and services, which will result in local companies making less money, and potentially having to lay off workers or raise prices, creating a ripple effect.
