This short clip in the link above is a good way to show how a voluntary market would work. Many(statists) criticize capitalism(a free market) for its total freedom of the individual to exploit others without consequences.
Which is by definition "fascism" but that orwellian word flip to "capitalism" is so much more fashionable.
fight da powa...
You can see in this scene that the best thing for the individual to do, to act in his or her own best interest, is to help the group. So allowing the individual to act in his or her own best interest is always best for society as a whole because it is in the individuals best interest to act in the best interest of society. Are you going to tell me that people will act against their own best interest(the best interest for society)?
Yes I will tell you that. There are the ignorant, those stuck in the sadism / masochism cycle, the blatantly crazy, and the subtly crazy sociopaths that somehow gravitate towards political office.
In our current fascist market it is NOT in the best interest of the individual, to act in the best interest of the group. Its dog eat dog, pull any scam you can to get by because government will be raping you either way if you don't have their personal approval. And thats the exact claim that the statist would make about a voluntary market. As we can see thats incorrect and the statist is protecting that which is the reasoning for their government in the first place. A market that rewards the individual for harming the group.
Go kenny!
So if I own a business that competes with other buisnesses, it would be in my personal benefit to pay them low wages because that is more money I save. I benefit.
But.. If I pay them high wages, the good productive employees will come work for my business and not the competing buisnesses. And the product or service that my business provides will improve. Thus we all benefit.
Two quick things.
1. If you pay high wages you'll still get the crummy employees odds of getting a good one increases. and good luck sorting them out.
2. You're looking for the wage that attracts good unskilled employees and then retains them once they become skilled. Also wage is not everything value can be derived from many things.
The modern American economy is a horrible representation of this because you don't have individuals doing what is best for themselves. You have a governing body over a collective making decisions for the collective, while considering their own interests.
Also property rights are horribly enforced
...every time you criticize the American economy you are critisizing statism/socialism.
^^^THIS^^^