You used the myth of the market to defend a system paying people starvation wages. There is no “market” deciding to starve people. There are owners and managers with names and addresses making these choices and “the market” is their mythology so they can abuse humans blame free.
The myth is that the numbers represent an objective value of a human. That is false. Supply and demand aren’t a myth. They aren’t the only way wages are determined, sure. But try to hire an accredited dentist for minimum wage, you can’t because there aren’t enough of them. That is a supply constraint that increases the prices dentists can charge.
That’s not objective and not even a free market, a good amount of the price is because we have decided a certain group of people set the standard for what constitutes an accredited dentist and they decided on including X amount of schooling that costs a certain amount of money etc. But it is a supply constraint that raises the cost to hire a dentist, there is a supply and demand component in there.
It can lead to morally bad results and be something that needs to be fixed (via, for example, the minimum wage I mentioned or…naming and shaming as you imply to be the fix) while not being a myth. Supply and demand exist.
You used the myth of the market to defend a system paying people starvation wages. There is no “market” deciding to starve people. There are owners and managers with names and addresses making these choices and “the market” is their mythology so they can abuse humans blame free.
The myth is that the numbers represent an objective value of a human. That is false. Supply and demand aren’t a myth. They aren’t the only way wages are determined, sure. But try to hire an accredited dentist for minimum wage, you can’t because there aren’t enough of them. That is a supply constraint that increases the prices dentists can charge.
That’s not objective and not even a free market, a good amount of the price is because we have decided a certain group of people set the standard for what constitutes an accredited dentist and they decided on including X amount of schooling that costs a certain amount of money etc. But it is a supply constraint that raises the cost to hire a dentist, there is a supply and demand component in there.
It can lead to morally bad results and be something that needs to be fixed (via, for example, the minimum wage I mentioned or…naming and shaming as you imply to be the fix) while not being a myth. Supply and demand exist.