If a group of companies were to band together to negotiate a single price for their products or services would you be alright with that? No, that’s OPEC, we would call this a cartel?
So then why are worker unions seen to be some noble undertaking? Are they anything more than a group of workers banding together to negotiate a single price for their services?
If a group of companies conspired to keep another company from selling their goods or services would you be alright with that? No, this is something the diamond industry has been accused of doing to drive up prices.
Why then is it seen as a noble enterprise to outlaw child labor? What more is it then an attempt to thin the work force so that others can earn more? And before you get all upset, nobody is forcing children to work, it’s not this cruel practice it has been made out to be.
If a group of companies worked together to make it illegal to sell a product or service for less than $X would you be alright with that? This is what drug companies have essentially done in making it illegal to import the same drugs from Canada. This is also what tariffs, import taxes and quotas do, but for some reason these are acceptable.
Why is it then that people cling to the notion that having a minimum wage is a fair practice? Not only is it considered a fair practice, most people still cling to the notion that it would be unfair if there wasn’t a minimum wage.