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by suture
1460 days ago
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Someone will want to enslave people. This has been so for almost all of history for sufficiently large civilizations. In general humans exploit one another when they can get away with it. In the absence of government/societal regulations slavery will occur and thus the “market” minimum wage is 0. Government regulations can be good and they can be bad. In enlightened countries enough good ones are in place to prevent a minimum wage of 0. |
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Slavery cannot occur in the absence of governmental and societal regulations, because in that case there's nothing stopping the slaves from leaving. Any such obstacle would be a governmental or societal regulation.
> and thus the “market” minimum wage is 0.
Slaves are paid much more than zero wages. In every culture, a slave in a good position is much better off economically than a freeman in a bad position.