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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (244143)	4/14/2010 12:28:37 PM
From: ajtj99	Read Replies (1) \| Respond to of 306849

Well, in a free market, pay is determined by the market and not what the government says that pay should be. In a free market, if you can't make a living wage, you have the freedom to either live in that situation or do something to get yourself out of that situation. Using your argument, if there were 25,000 job openings for teachers and 50,000 teachers willing to work for total compensation of $35,000/year and the living wage compensation (wages plus benefits) was determined to be $50,000/year, they should be paid $50,000/year. Well, forgive me if I side with the market. I think according to your parameters, teachers in Cuba probably earn a living wage. I doubt anyone here would want to go there to work, however.