The Rational Egoist: The Economics of Labour – A Dialogue with Benjamin Seevers

In this riveting episode of The Rational Egoist, host Michael Liebowitz is joined by Benjamin Seevers, a Doctorate student at West Virginia University. They delve into the complex landscape of labour, dissecting topics from labour unions to qualified immunity, and the ethics and economics that surround them.

Unions are a source of constant debate, with Benjamin and Michael exploring the underlying ethics of their operation. The discussion exposes the coercive nature of companies having to negotiate with unions as a given, raising the question of whether unions inherently violate the principles of voluntary association.

The funding mechanisms behind public and private unions are also scrutinised. Public unions rely on tax dollars, setting them on a foundation of coercion, while private unions are funded voluntarily, maintaining ethical integrity.

The issue of worker choice takes centre stage as the episode unfolds. When questioned, most workers would not trade harsher working conditions for lower pay, affirming their right to make that choice. The role of unions in attempting to modify these conditions is questioned in the light of individual freedom.Ludwig von Mises' perspective on wages as a component of the free-market supply and demand chain gets its spotlight.

According to Mises, unions have a place in a free market where they negotiate the supply of labour, but the intrusion of government alters the dynamics, infringing upon individual rights.

The conversation wouldn't be complete without discussing the hot-button issue of minimum wage. The narrative delves into the unintended consequences that arise when employers are mandated to pay higher wages, illustrating how such policies disproportionally affect those at the bottom of the economic ladder, leading to reduced hours or termination.

This episode serves as an illuminating journey into the economics and ethics of labour, challenging commonly accepted norms and offering a fresh perspective on how voluntary interaction should underpin these complex systems. Don't miss out on this intellectual feast that leaves no stone unturned.

Michael Leibowitz is a renowned philosopher, political activist, and the esteemed host of the Rational Egoist podcast. Inspired by the philosophical teachings of Ayn Rand, Leibowitz passionately champions the principles of reason, rational self-interest, and individualism, seeking to empower others through his compelling work.His life's narrative exemplifies the transformative power of Ayn Rand's writings.

Leibowitz is a versatile author, co-authoring the thought-provoking book titled "Down the Rabbit Hole: How the Culture of Correction Encourages Crime." This groundbreaking work delves into societal attitudes surrounding punishment and rehabilitation, shedding light on how misguided approaches have contributed to the rise of crime and recidivism.Additionally, he has authored the book "View from a Cage: From Convict to Crusader for Liberty," offering an intimate portrayal of his personal journey while exploring the philosophies that influenced his transformation.

As you embark on your intellectual journey, join Michael Leibowitz as he advocates for reason, individualism, and the pursuit of self-interest, inspiring others to embrace a philosophy that empowers and uplifts the human spirit.For a deeper exploration of his ideas and insights, don't miss the opportunity to read "Down the Rabbit Hole: How the Culture of Correction Encourages Crime," co-authored by Michael Leibowitz. And also, delve into his book "View from a Cage: From Convict to Crusader for Liberty." Both books are available for purchase using the following links:"Down the Rabbit Hole": https://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064X"View from a Cage": https://books2read.com/u/4jN6xj