[extropy-chat] Seven cents an hour? (was: Riots in France)

[gts]

On Thu, 17 Nov 2005 13:02:05 -0500, John K Clark <jonkc at att.net> wrote:

> In general if a worker is only worth 5$ an hour to his employer that  
> employer hewill never pay him more than that unless he is running a  
> charity; and if there isa law that says he MUST pay 6$ an hour then he  
> will simply hire nobody.

More likely he will pay the 6$, raise prices to cover his increased costs,  
and hope his competitors are forced to do the same.

-gts