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Tag Archives: fair wage
More On “Fair” Wages
In my last post, I mentioned that a libertarian, if asked to estimate the “worth” of an hour of unskilled labor, would likely answer “We can’t know, but probably less than $7.50.” To me, the logic behind this seems pretty … Continue reading
Subjective Value And “Fair” Wages
Tom Woods has written some excellent posts on recent protests by fast-food workers here and here. He covers a lot of ground in these, but I just wanted to elaborate on one particular issue that stood out to me. Question: … Continue reading
Posted in General Theory
Tagged Economics, fair wage, Free Markets, minimum wage, prices, subjective value
2 Comments
Dude, Where's My Freedom? 