4 ms·
Sanitation workers may be low-skill but they are high-value. I don't think this is a good example. In contrast, a friend of mine recently hired the teenager ne
by _ah 6y ago
Sanitation workers may be low-skill but they are high-value. I don't think this is a good example.
In contrast, a friend of mine recently hired the teenager next door with cash (for less than the local minimums) to do some manual yard labor. This job simply wasn't worth paying for at a higher cost; my friend would have left the work un-done. But in this case the value proposition at a lower price was acceptable and the neighbor was glad for the extra cash.
- klmadfejno 6y agoWell sanitation workers make up a fairly large fraction of the minimum wage workers so that's a representative group of people for the matter at hand. You're not wrong that unnecessary private exchanges like that might be lost, but those are unnecessary, not that noteworthy in terms of economic scale, and generally aren't relevant to minimum wage laws anyway. My point is precisely that most of the labor that is priced at minimum wage is not like the example you describe.