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by rewma
1712 days ago
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> If there are cons to the employer, that means I'm worth less and can demand less salary (...) During the industrial revolution, some employers saw that there were significant pros in employing children and working them 12 to 14 hours a day for a fraction of a grown man's salary. Not being able to employ children was a significant con. How did "the market" handled that? There's more to life than what's convenient to corporations, and the despair of self-hating employees to think that self-deprecarion is a competitive sport. |
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Eliminating competition on the labor side of the market is also different, because while it hurts companies, it also makes employees be in higher demand. That's also a relevant difference here.
So, your analogy is just a poor one...
But while I'm at it, you'll notice that for the kinds of business that are easily shipped over seas (where the government regulations don't apply) and you can be outcompeted by people using child labor and paying below minimum wage (another case of government regulation) that did happen to an extent, see textile manufacturing for instance.