3 ms·
By artificial I mean "different from a market outcome". There is quite clearly an asymmetry in information and market power between Wal-Mart and individual emp
by artsrc 13y ago
By artificial I mean "different from a market outcome".
There is quite clearly an asymmetry in information and market power between Wal-Mart and individual employees.
This will inevitably lead to artificially low wages.
So raising them with a law will return them to a free market level, where free market implies complete information, interchangeable goods and services, and lack of market power