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>In a perfect market system, it's impossible to pay below-subsistence wages, because you can't work if you've starved to death. I urge you to think about the m
by greggyb 11y ago
>In a perfect market system, it's impossible to pay below-subsistence wages, because you can't work if you've starved to death.
I urge you to think about the many people who are part of a household who can contribute materially with less-than-individual-subsistence wages.
A retiree supplementing their retirement savings with a part time job; the vast majority of teenage workers. Almost anyone working while in school.
There are plenty of people who do not depend on their wage for 100% of their livelihood, but whose outcomes you worsen by pricing them out of marginal work.
- analog31 11y agoAh, yes. I forgot about that too. It's actually a matter near and dear to my heart, as a musician. The economics of live music are strongly affected by people for whom music is not a vital source of income, and as a result, gig pay can actually drive towards zero or even negative if your locale has a "pay to play" music scene. And admittedly, I play some gigs for free.