Why not a minimum wage? 1970-01-01
View more
Figure 1. Why would you assume wages are fixed? They'd obviously rise if some of the workers left – law of supply and demand. Use the internet to gain basic economic literacy before tweeting about capitalism.
If the wages for a profession seem too low, it's because there are too many workers in the industry – the free market is just disincentivizing wasted human effort. Leave the job – if you have no other skills, invest in education. If enough people do, wages should rise. Of course, wages won't go beyond the profit each worker can generate, but that shouldn't be the limiting factor for the vast majority of jobs. If it is, and not enough people are willing to work for those wages, the companies will have to come up with some way of improving worker productivity.
Read the full article