Labor Exploitation Quotes
O, you anarchic scum, you cowardly murderers, you leeches upon honest labor, you midnight assassins!
Otis and his paper were virulently anti-labor. See {617172} .
There were almost no Blacks who agreed with him on this point. Nor do the vast majority of economists today. But Friedman believed that if there were no minimum wage scale, more lower wage workers would find jobs and learn skills to justify a higher wage later in their careers. To some extent, this used to be so for those occupations which require experience and/or apprenticeship. However, by the 21st century, people in minimum wage jobs can, from their jobs, rarely learn enough to economically justify a higher wage position. A minimum wage job became a dead end job for all but students and people in between other endeavors. Therefore the advocates of minimum wage argue that there should be a living wage so that as President Obama said, “No one should work full time, and not make enough to emerge from poverty.”
In his economic view, managers, accountants, attorneys, owners, shareholders, landlords, were all supported by the workers who have to support themselves and all the others.
At the time, industrialists could not even conceive of the notion of negotiating over wages must less collective bargaining.