No Minimum Wage in Australia

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  • Опубликовано: 18 ноя 2024

Комментарии • 2

  • @iliketowatchsowhat
    @iliketowatchsowhat 5 месяцев назад +1

    This is one of the most BASED interviews I've seen in Australia for years!

  • @jongordon7914
    @jongordon7914 5 месяцев назад +2

    People need to understand that in every voluntary transaction there is a buyer and a seller. In a labor transaction, the seller is the prospective employee (selling their labor) and the employer is the buyer (buying labor). Once that's understood, it's simple to explain to people why there shouldn't be a minimum wage of any kind. So when people reply with the standard trope of "what if the employer (buyer) wants to pay you $2", you simply use an example of any voluntary transaction where the buyer offers $2 for something. For instance, what happens when a buyer offers $2 for a brand new Ferrari. Obviously the seller will refuse to sell it for that price. The buyer can only buy/purchase something for the price the seller is WILLING to sell it for.