Any worker who freely accepts a minimum-wage job from, say, Wal-Mart, deems himself better off for doing so, otherwise he wouldn’t do it.
The 3 Tenets of Capitalism
Tyler Hogge
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Important to note the role played here by the enforcement of a minimum wage. Without a minimum wage, people would continue to accept work if it was better than the alternative (albeit at a lower/less productive rate) whatever the wage rate. But if there is no minimum wage which allows people to live a life of basic means (a “livable wage”) any society with a sense of moral duty would be obliged to subsidize this work (through something like an Earned Income Tax Credit). A livable minimum wage is an important part of allowing Capitalism and Globalism to flourish.