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RE: Daily Discussion No. 3: Working and Wages - Minimum, Maximum, Fair - What IS "Fair?"

in #dailydiscussion7 years ago

To expand a bit, the worker would take the job with the highest wage, so those companies paying a lower wage would have trouble finding employees and would be motivated to raise their wages above the lowest. This increase would, in theory, be about equal to the rate of inflation- meaning wages would always be sustainable.