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Income Inequality and Fair Share
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Quote:The analogy of buying and selling labor only applies when labor is limited which is the case in higher demanding jobs. However when discussing low skill level jobs or entry level positions labor is essentially unlimited.Under this logic, would it not make sense that for unskilled workers the wages will never increase because the workers available for those jobs are never in short supply? Therefore making it an employer's market able to pay as low as they can, including less then current minimum wage if several people here had their way? |
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