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If I'm understanding, you're saying people will work for less than their value because there's either a capital or job supply isssue in their market, not becaus
by washadjeffmad 5y ago
If I'm understanding, you're saying people will work for less than their value because there's either a capital or job supply isssue in their market, not because the cost or risk to an average person to just doing the work or starting their own business is so high that minimum wage is a more appealing proposition?
It sounds more like labor is being artificially broken to deter people from asking for the value of their labor over accepting wage work.
If Uber were a service to organize and empower workers by allowing them to set their own prices, how many do you think would continue working for less than minimum wage?
- fxtentacle 5y agoNo I'm arguing that "value" here is strongly determined by supply and demand. And if you have an oversupply of people willing to work - because they literally have to work to survive - it drives down prices to unsustainable levels.