Quote:
Originally Posted by Lojik
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...The problem is that there are workers who are not skilled enough to make a certain amount of money...
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Right. The CEO won't take a paycut to employ a minimum wage worker... The people who lose are the ones who could and should work for less, because equilibrium wage for what they do is below minimum wage. And now this unemployed unskilled worker has to live in a higher cost of living environment.
No one is really for "slave" labor, but pay a worker what the job is worth.