To: Svartalfiar
“worth” is determined by the laws of supply and demand. The floor on wages i.e. the minimum wage doesn’t change that fact. Maybe we need ceiling on “maximum” profits? Or here is one you’d love a ceiling on “maximum” wages.
83 posted on
11/21/2023 8:01:58 AM PST by
central_va
(I won't be reconstructed and I do not give a damn...)
To: central_va
“worth” is determined by the laws of supply and demand. The floor on wages i.e. the minimum wage doesn’t change that fact. Maybe we need ceiling on “maximum” profits? Or here is one you’d love a ceiling on “maximum” wages.
A floor doesn't change that fact, it only moves the line on whether your value is enough for the employer to hire you or not. If your value is significantly below the floor, your job is likely to get doubled-up or otherwise covered by other jobs and the position eliminated. If you're worth $5, and the floor if $10, those ten open positions are gonna get reduced to five or six openings, that simply have the same duties as the ten original spots.
And why wouldn't you want a ceiling on maximum profits? That's very Communist of you... And a ceiling on wages makes as much sense as putting in a floor.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson