You’re also making the erroneous assumption that all added costs would be passed on to the consumer. Guess what? Profit margins are at all-time highs. There is no economic law that states that profit margins should always remain the same or grow over time. Time for workers to finally get a greater share of the profits that they’ve created in the first place.[/quote]
Yeah, like the workers have risked the capital to start a business. Workers are free agents who either agree or not to work for a certain amount in a free market.
If their skills demanded $13 an hour they would be getting it already.[/quote]
Under no circumstances is our labor market a free market. Business interests are constantly lobbying to relax labor, immigration, and other laws that would benefit workers. If we had a free labor market, all compensation for every position would be public knowledge, and labor would have as much say in politics (including tax and trade agreements) as corporations do. Only delusional people would ever think that our labor market is a free market. It’s one of the most manipulated markets in our country.
