3 ms·
> You're worth more than $2/hour. Says who?
by 0xffff2 7y ago
> You're worth more than $2/hour.
Says who?
- henryfjordan 7y agoIn this scenario let's presume the laborer has valuable welding skills but the only factory in town closed. They need to move somewhere else to use their skills but that takes time. In the meantime they need to eat and so they take a job washing dishes. Inefficiencies in the labor market happen all the time. A minimum wage is one way to protect desperate people from being unfairly exploited.
- Brain_Thief 7y agoIt was a parameter stipulated in a hypothetical example.