>Stanley’s wages would be the equivalent of $17.17 today — more than the “Fight For 15” movement is demanding for fast-food workers. Stanley’s job was more difficult, more dangerous and more unpleasant than working the fryer at KFC (the blast furnace could heat up to 2,000 degrees). According to the laws of the free market, though, none of that is supposed to matter.
Employee wages are governed by supply and demand in a free market- ie, outside of government interference, unions, etc.
|According to the laws of the free market, though, none of that is supposed to matter.
I'm surprised this statement made it through editing. There is a lower supply of workers for dangerous jobs hence they are paid better (see any number of dangerous jobs).
Sure, but a job being more difficult, more dangerous and more unpleasant should result in a lower supply of workers for that job. If two jobs pay the same, a worker will choose the less unpleasant one.
What "laws of the free market" are those?