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 Originally Posted by Renton
It makes no sense for an employer to pay his employees any more than wages they would agree to. It's the same thing as paying 1.50 for a 1 dollar apple at a fruit stand. The employer owes it to his clients or customers to minimize his costs, and labor is one of those costs. This works to everyones benefit as it drives down the prices of everything and helps to spur innovation.
If the 'price of everything' is driven down, how does it benefit those at the bottom of the pay chain (since wages come down with it) any more than if they were paid a little more and commodity prices in general were proportionally higher?
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