To no one in particular,
If it wasn't worth catching runaway slaves, no one would do it. When slavery was ended, the economy in the South collapsed. It takes 2 seconds to explain that.
I'm not disagreeing that Slavery, once institutionalized under law, isn't profitable to a degree. Imagine if Income Tax were ended today. Think about the $100s of billions that are spent on millitary project. Such a major transition would appear from anyone looking at the US economy as if it were in the process of a 'collapse'. Certainly from the POV of someone inside the US. But from a longer view, what you'd actually be seeing is the realigning of the economy to deal with life without threat of force and without perpetual wars.
In the long run, by not wasting money on War, we'd be a much more prosperous society. Likewise, in the long run, by the South NOT wasting money on maintaining Slavery - they'd more prosperous. However, in the short run, it looked like their economy 'collapsed'. The South had major structural reforms to their economy due to the State backed institution of legalized use of force against one group of humans. If today, the government stopped spending the $1000s of billions of dollars it collects through income tax - all on wasteful Military Industry, the US economy would appear to collapse.
But, in the long run - the economy would be much better and life would be much better for Americans as those resources were directly into meaningful projects like healthcare, education, etc...
The reason for minimum wages is there is a minimum cost to living a decent life.
If your logic is true, then why not raise the minimum wage to $50 an hour? Life is NOT decent on minimum wage in the USA. It is not a "livable" standard of living. Subsistence living maybe - if you want to call that 'livable' then I suppose that's up to you.
Wages could go far lower, but then the entire society would have to work at a poorer scale, like in Somalia, your anarchist paradise.
Wages can not go lower than the market will allow. It should be noted that 'wages' only exist in our minds - money itself is a mental construct. I understand the reasons why workers want a 'minimum wage'. But the truth is it harms other workers in the economy. Take that $50 an hour wage as a minimum. If you're worth $45, then great for you - you get $5 more an hour (which trickles into the economy and causes inflation anyway so after a year you get nothing anyway). But if you're only worth $35 an hour - you get capped at the knees. No job for you. Oh, but you still get the inflation of the items you need. Lucky you, no job and everything costs more.
The fact is life in the parts of Somalia where it's closest to 'anarchic' (which it obviously is far from an anarchy) is much better than life under a State (in this case a Warlord). You see, when you're 'free' you get to trade ONLY for your profit. When you're not free - you get to pay the local Warlord. Our system is a little more complex, but don't think you're not paying your local Warlord because you are. You're not free. Don't take my word for it - just sit back and watch as our standard of living continues to decrease.
So, I understand your argument and your anger - but IMO you're really directing that in the wrong direction. Don't blame 'Anarchy' for the poor standard of living in the USA. Don't blame 'Libertarians' (Minarchy). Neither of these systems caused the standard of living in the USA to precipitously drop over the last 30 years.
As long as there are vast fortunes to be made in the USA, we can support minimum wages.
I once read that of the 35 richest Americans that have ever lived (relatively); 33 of them lived before Civil War.
This is the most prosperous society in the history of the Earth, just past it's peak maybe, but still tremendously wealthy, beyond the dreams of most humans who ever lived.
It would be a lot more equitable and prosperous if we had a free-market Capitalistic society like we used to have.
To even consider lower standards of living for unskilled workers is unfair, and if this view gains political traction, there will be blood. Is that what you want? Instigating a class war is now some kind of virtue?
If a lower wage is paid, the price of items reduces and life is easier for those on less. That's how it works. If a higher minimum wage is paid, then those not able to make the leap into a minimum wage job are left with inflation but no job - their life actually gets worse. Not to mention all the businesses which are not opened, or manufacturing that isn't done, or services that are not provided because the wages are artificially inflated higher than the market (that's us) are willing to support.
Think of it like this: WE are the "Free-Market". Money only exists in our minds and only acts to facilitate trade and exchange. If the wages are too low, then this means there is something wrong with the market... or another way to put it is, there is something wrong with the society. Something is wrong with the way we've come to trade.
There were ghettos because of racism. Banks wouldn't lend to blacks or allow them to buy some kinds of property.
The fact is, life for blacks was getting better from the 2040s onward. You could think of blacks as the Chinese of laborers. Living quite poorly but willing to work for much much less. And guess what, just like the Chinese, blacks were slowly gaining ground, they were saving capital, and becoming more prosperous. As they say, money talks, bullshit walks. Blacks would have, just like the Chinese, lived a prosperous life. And they were getting there.
Also, think about this. As racist as white Americans were, at the end of the day they're willing to overlook race to get a good deal on labor. Slowly the interaction between blacks and white would have become more equitable purely organically. I see this happen in Japan. I had an Iranian who would work a little less than Japanese and so he often got jobs. But, his boss did worry about racism among the people he'd get contracts with. Yet, at the end of the day, everyone looked the other way and sucked up their racist attitude because they wanted to economy.
Do you think black Americans are living the dream? They were starting to 40 years ago. Not now. Why do you think that is? Why is it their standard of living is going in reverse?
For sure whites wouldn't shop at black stores. You could be sent to
prison in the South (until about 1933) just because the jail owners wanted more prison labor (under conditions that would most likely lead to your death). Black families were decimated. It wasn't minimum wages that caused it you fucking dick. Then came crack. Fucking grow the fuck up and read a book or something not by Ayn Rand. This is the world they want for everyone, a prison planet.
Ayn Rand would actually sit closer to you than me. She was anything but anarchic. She believed in the State, she used medicare, supported our central bank - hell, she'd be your typical Democrat or Republican.
It should be pointed out, in terms of economy, something like 'race' or 'slavery' will make it all but impossible for most people 'think' rational due to the inherent emotional response. This has been shown many times in numerous studies on use of logic and changing sentences so they are structured the same but contain emotional content. Sometimes that's fine, but, I would bare in mind it's probably not possible to think rationally about the mathematics of economics while at the same time discussing slavery or blood in the streets. Which, again, is fine unless one wanted to understand the argument about economics of minimum wage.