if you were desperate you would work for slave wages. if I was desperate I would to. there are a lot of people that are user and will take advantage of desprat situations. all you have to do is look at what happens in sweat shops and in third world countries, when there is no prorection in the work place.
You are correct. People who are desperate will work for slave wages. And there are people who will take advantage of such a situation.
And, in that case, both benefit! The employee gets the wage they were desperate for, the employer gets the cheap labor they were doubtless desperate for.
Be aware that your "sweat shops in third world countries" are often the only employment available. And, when they have been closed down by well-meaning first world liberals in the past, the people who lost their jobs starved.
Unintended consequences are a bitch...to the people who have to experience them.