Quote:
Originally Posted by Doug McClasky
wut
Minimum wage doesn't make cheap labor harder to get. Under a certain level it eliminates it. You're also ignoring the point. Unions through threat of strikes, or even violence, and companies through lobbying alter value based on non-market factors via power. If a corporation is increasing the value of whatever they're selling by having laws enacted or struck down that artificially inflate value then value is meaningless. All you're talking about is power. And power is not actually a synonym for money.
|
I'm not ignoring anything
Unions and minimum wage affect wages by calling y it harder or impossible to find cheaper labor
That's perfectly in line with what I'm saying. You are worth whatever the labor pool you are competing with is willing to work for. How essential the labor you provide is means less than how hard it is to find someone to do the same job.