Acevil said:
The reason why the minimum wage concept exists, is because of how much labor was abused in the early development of nation. Infact you could look at developing nations to see exactly what that means. Add: Also the two sides doesn't necessarily mean Republican vs Democrat or South vs North. It is way more complicated. |
Well, sure, but most socialistic countries have plenty of issues of their own. In a system that relies on the free market, however, it's a poor idea all around because it leaves us with deadweight loss. If people legitimately have no way to make ends meet through their job (and some people will), then that's something that should be addressed via welfare.
Labor laws definitely exist due to good intentions, and some of them may very well be a good idea all things considered (particularly labor laws and overtime). The issue becomes when the government tries to step in and decide how much someone's work is worth.