Why the Free Market is Not Taking Advantage of You

The central claim of this article is that aside from regulatory barriers, the market will never leave normal people in a worse state than they would be in without the market. This is made to combat the frequent claims that the market is unfair or that people would somehow be better off without it. Workers will also attribute their low wages to the market, as though if the market disappeared higher wages would be sitting there for them. The creative potential of the market is vast and has accounted for almost all of the increases in material quality of life and leisure time in the last hundreds of years. This is something that has never been successfully replicated by any sort of command economy, or even more intense socialist economies. China instantly bettered its outcomes by switching to a more capitalist system. The most common gripes about the market are wages, the cost of everyday goods, and housing prices. However, dissatisfaction in these areas either arises from comparison, a result of government regulation, or some underlying reality that would exist with or without capitalism.

In a free market, no worker can ever be forced to work in a job that does not benefit them. While they may perceive that they are not being given what they deserve or that they wish they had more, in all cases they are better off than if they were not in a free market context. Wages have strictly risen over time, and are usually highest in countries with free markets.. Workers can look at jobs that no longer exist as an example that the market doesn’t work, but for the most part those jobs were the ones that workers were complaining about back then. For example, factory workers and coal miners are far less demanded than they were 70 years ago, and Trump and various labor groups have sought to revitalize those industries. However, factories and coal mines created some of the poorest conditions for workers to exist in. It’s easy to look at jobs that no longer exist or the fact that your salary trails others and blame the market. While some workers have spent time developing skills that are not needed by the market, there are many jobs that require no training that they can use and achieve a better quality of life than was possible to almost anyone just 100 years ago. If an employee is skilled in something valued by the market and is being paid under what other similar employees are paid there is almost no situation where they won’t be able to find a better paying job.…