Youtor
The Wage Mirage Unveiling the Myth of Fairness
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=9Ed47LZiPwc
#economics #statism #psychology • Propaganda thrives on emotional appeals and vague concepts, and one of its favorite tools is the idea of “fairness.” While fairness has a concrete meaning—justice based on clear principles—this term is often misused to justify harmful economic policies. Wages, like any other price in a market, are determined by supply and demand. When someone calls a wage “unfair,” it doesn’t mean fairness is subjective. It means their understanding of economic reality is flawed. • Wages are prices—the price of labor. Just as the price of goods signals where resources are most needed, wages signal where labor is most valued. High wages in certain industries or roles don’t reflect “greed” or exploitation. They reflect the scarcity of workers or the value of the work performed. Interfering with wages, through minimum wage laws or arbitrary mandates, distorts these signals, leading to inefficiencies and unintended consequences. • Read More: https://mrdevinney.com/the-wage-mirage/
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