[zenonu]

Additionally, companies do not have a right to exist. If your business needs to pay minimum wage, profits are thin, and employees are quitting to find something better, it probably shouldn't be a thing any more. There isn't a labor shortage - your business isn't providing enough value for the labor it requires.

[fundad]

Exactly. A lot of businesses that survived long enough to hire now were saved by generous PPP money.

Every $ x billion in PPP could be attributed to .y% of inflation but we don’t talk about capital the way we talk about workers.

[ahallock]

I agree, except why use the word "right"? There is no such right for businesses (although bailouts are a thing...).

[rbanffy]

Bailouts could be replaced by direct state acquisition of the business (at cost), IF it provides a benefit to society or its demise would create an irreparable loss.

[m4nu3l]

I agree with the statement except for the "minimum wage" part - I assume you mean the legal minimum wage. Companies should have no right to exist as much as people should have no right to a government imposed minimum wage.

On a practical level a minimum wage is either not effective (so broadly set to what the market is paying already o just above that) or it will inevitably decrease job offer.

On a philosophical level, adults should be free to choose what to do with their body and mind - as long as it has no negative effect on third parties.

[xyzzy123]

Employers who create full time positions that don't pay enough for people to live on create a social burden that the rest of society has to deal with.

That's the negative externality.

[moistly]

> people should have no right to a government imposed minimum wage

Yes, turn your country into the likes of Bangladesh. Brillo!

[mbrodersen]

I recommend reading up on the work done by the latest Nobel price winners in Economics. But fair warning: they disagree with your assumptions/conclusions and have found clever ways to verify their assertions using real world data.

[lucian1900]

Unlike companies, humans have a right to exist. Working full time should be sufficient for survival, as a bare minimum.

[newbamboo]

A world without musicians? No thanks.

[JKCalhoun]

A world without corporate musicians? A-OK.

I'm not clear why there would be no musicians if it requires minimum wage, razor thin profit margins, etc.

[aaomidi]

Music and art existed before currency was a thing. It will continue to exist as long as humans exis.

[rybosworld]

That is... quite a leap

[emptysongglass]

You can pay musicians fairly by streaming and buying through other channels like Bandcamp and resonate.is, which if we all did it would make the profession far more viable.

[Broken_Hippo]

Most musicians and artist make nothing from their music and art, yet folks are still making it.