That’s called ‘a race to the bottom’ which eliminates the middle class
If somebody can just walk in from the street and do the job, how much should they be paid?
“That’s called ‘a race to the bottom’ which eliminates the middle class”
You’re absolutely right, and this has brought about demographic changes that occur while our middle class disappears which are irreversible. While many people think the free market will solve the wage question, workers earning basic sustenance don’t breed; many people are unhappy with the resulting importation of millions of replacement workers without considering why they are being brought in.
People can argue until they’re blue in the face about what is a fair wage, but within a few generations (not nearly as far out as predicted) the descendants of the original European settlers will be extinct. No violence or race wars; they’ll just “free market” themselves out of families.