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Since that is how the relatively uncontroversial minimum wage law (which has been around since 1938) works, yes, society has generally decided that we do want t
by Frondo 5y ago
Since that is how the relatively uncontroversial minimum wage law (which has been around since 1938) works, yes, society has generally decided that we do want to tell people, "it is illegal to work for some very low wage." And, while not the parent poster, I agree that it is a useful policy.
- refurb 5y agoThat’s a very US centric point of view and appeal to authority. Just because it’s been the law for almost 100 years doesn’t mean it’s the ideal approach. And several developed countries have no floor other that agreed by through collective bargaining. https://www.investopedia.com/articles/investing/080515/5-developed-countries-without-minimum-wages.asp https://www.investopedia.com/articles/investing/080515/5-dev...