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Wednesday, 06/25/2025, Video Clip |
Shock Finding: Americans Will 'Do the Jobs Americans Won't Do' If You Pay Them a Fair Wage At base, a "fair" wage is one that will attract people to do what you need them to do. It isn't $20, $30, $40, or $1, $3, or $10 an hour. It is the wage at which people think they are better off taking than not. There is no non-artificial minimum wage, and no absolute limit to the size of the wage either. The way wages should be set is through market mechanisms. Here in the United States, we even have an implicit minimum wage on top of the ones set by law: people have an alternative called the welfare state, along with various types of public and nonprofit support that enable individuals to live on what amounts to a basic income. Advocates of a so-called "Universal Basic Income" seem not to notice that we have something that amounts to that already, although it doesn't go out to everybody. In the US, you have to work hard at ruining your life to wind up homeless and hungry. That's why the whole "immigrants do the jobs Americans won't do" argument is ridiculous, and Trump's mass deportations are proving that right before our eyes. The Journal looked into how industries that have (illegally) relied on illegal aliens to do the work are adjusting to the new reality,
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