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I think you should be. Whether or not people in India want to work for $1/hr doesn't matter. A big reason the minimum wage exists to prevent the lowest wage oc
by genericresponse 12y ago
I think you should be. Whether or not people in India want to work for $1/hr doesn't matter.
A big reason the minimum wage exists to prevent the lowest wage occupations in the united states from falling into a prisoner's dilemma-style trap where the equilibrium is at or just below the amount needed to not starve.
That said, I am sympathetic to the plight of those in developing countries.
- qwerta 12y agoI worked as salary accountant, I think big part of story is missing, and it is essentially click-bait. > dilemma-style trap where the equilibrium is at or just below the amount needed to not starve That ship had sailed long time ago. In California I would be more worried about housing cost and expenses in general. I bet many people would gladly accept $1/hour position which would cover insurance, rent (in real house), food, car.... Steve Jobs worked for $1/year! Ireland has strongly enforced minimal wage with long tradition, yet it surprisingly just does not work, even government is now forcing people to take unpaid positions.