Fast food worker protests? Tom Woods explains the real story: "We are worth more,” their signs read. Are they? How can they know? If they were worth more, other firms would have captured their extra worth by bidding them away from the fast-food industry...Articles written in support of the strikers claim the restaurants could increase the workers’ pay by raising the prices of their food. This gives the game away: the real constraint on these workers’ pay is erected by the consumers. So the logic here is: we can help some poor people by hurting other poor people." tomwoods/blog/the-fast-food-protests/
Posted on: Fri, 02 Aug 2013 22:51:00 +0000
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