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The Black Market Is Becoming The Dominate Marketplace
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<blockquote data-quote="av8torntn" data-source="post: 936889" data-attributes="member: 8259"><p>I am not a libertarian so I'll defer to someone else on the libertarian question but people do tend to self regulate. I could just as easily respond to your statement that we see what happens when regulators are lax with we've seen what happens with over regulation. </p><p></p><p>My response to your without labor regulation statement would be why limit yourself to a fairly unskilled job of delivery guy? I would think that even without government barrier to market entry into the global package delivery environment that economies of scale and economies of scope would be difficult economic barriers to market entry. Why not use a more efficient UPS/Fedex to start your own service. Someone started ebay, amazon, etc.. </p><p></p><p>I think wage depression in a specific field in a free market is a natural progression. Just observe how prices tend to fall in black markets over time. I see this as a good force that drives scarce labor resources into areas that are seeing a greater demand. The thing is there is only a set amount of labor available and a key to success in a free market is to find efficiencies. I really do not understand your view that limits you to one unskilled type field or even worse one company. In a free society you should be allowed to weigh the cost of gaining a new skill versus potential profit in a new field. </p><p></p><p>So yes I plan to stay a UPS driver but if wages suddenly dropped to 15$ an hour it would suddenly become a profitable investment for me to gain new skills and seek employment elsewhere. </p><p></p><p>Large companies tend to seek additional regulation for multiple reasons. Additional regulation can drive in additional business like with AARP and the health care regulations passed. Additional regulations can increase barriers to market entry and limit competition think of energy production or banking. Additional regulations can shift liability burdens off companies reducing long term costs think of general aviation. Additional regulations can limit competitors from gaining efficiency advantages. Additional regulations can actually create markets that do not really even exist think of the on-site safety trainer from Gold Rush. That's just off the top of my head as there are literally thousands more, there's a reason lobbyists work for big businesses.</p></blockquote><p></p>
[QUOTE="av8torntn, post: 936889, member: 8259"] I am not a libertarian so I'll defer to someone else on the libertarian question but people do tend to self regulate. I could just as easily respond to your statement that we see what happens when regulators are lax with we've seen what happens with over regulation. My response to your without labor regulation statement would be why limit yourself to a fairly unskilled job of delivery guy? I would think that even without government barrier to market entry into the global package delivery environment that economies of scale and economies of scope would be difficult economic barriers to market entry. Why not use a more efficient UPS/Fedex to start your own service. Someone started ebay, amazon, etc.. I think wage depression in a specific field in a free market is a natural progression. Just observe how prices tend to fall in black markets over time. I see this as a good force that drives scarce labor resources into areas that are seeing a greater demand. The thing is there is only a set amount of labor available and a key to success in a free market is to find efficiencies. I really do not understand your view that limits you to one unskilled type field or even worse one company. In a free society you should be allowed to weigh the cost of gaining a new skill versus potential profit in a new field. So yes I plan to stay a UPS driver but if wages suddenly dropped to 15$ an hour it would suddenly become a profitable investment for me to gain new skills and seek employment elsewhere. Large companies tend to seek additional regulation for multiple reasons. Additional regulation can drive in additional business like with AARP and the health care regulations passed. Additional regulations can increase barriers to market entry and limit competition think of energy production or banking. Additional regulations can shift liability burdens off companies reducing long term costs think of general aviation. Additional regulations can limit competitors from gaining efficiency advantages. Additional regulations can actually create markets that do not really even exist think of the on-site safety trainer from Gold Rush. That's just off the top of my head as there are literally thousands more, there's a reason lobbyists work for big businesses. [/QUOTE]
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