You do or you won't get employees

well those people who reject the opportunity to work, what happens to them? they can't live off 0 income

Why would you reject the opportunity to work

that isn't an excuse to use other peoples money

But there are chruches, private charities etc

`You do or you won't get employees`

I mean theres not alot of people doing that job as you may think

Firms would still have to compete

are you saying that if a firm were to pay non competetive wages, that they would not get employees?

Not as many as needed, no

in a free market

well where would those people don't want to work at that firm due its low wages go?

No it shouldn’t lol that would just make more people reliant on gov benefits

in a perfectly competitive market, without government intervention, collusion between firms would prevent that sort of competetion

What do you mean?

Firms would not collude

or the market would simply reallocate the jobs

And they end up in a worse problem

but the firms are the market, if they cut their variable costs by colluding and all setting a similar low wage, why wouldnt they?

Firms =/= market

there's no government to stop them, only other firms who would lose profit by doing that

by the market i mean market forces

Because the market would reallocate jobs

where?

to another market

but what if that other market also wants to seek higher profit margins and does the same thing

Reallocation and shortages

it's like price controls

Set a max price below the market level, you get shortages

same works with wages

hm but those shortages can't last indefinitely, people need money, so they will eventually settle for the low paying job because thats all they have

thats what happened in China over a decade ago

No the market will have to readjust

people work for cents per day

China was never capitalist

and still isn't

it's an unfree market today

okay what about all the other countries that have cheap labor

cambodia

Still

unfree