Hacker News new | ask | show | jobs
by 0xffff2 2348 days ago
> You're worth more than $2/hour.

Says who?

2 comments

In this scenario let's presume the laborer has valuable welding skills but the only factory in town closed. They need to move somewhere else to use their skills but that takes time. In the meantime they need to eat and so they take a job washing dishes.

Inefficiencies in the labor market happen all the time. A minimum wage is one way to protect desperate people from being unfairly exploited.

It was a parameter stipulated in a hypothetical example.