One thing I don't fully understand is why the equilibrium for the demand/supply of labor is not enough to live on. Why does the hiring party get to be more picky (and thus pay less) among potential employees, while employees get to be much less picky in their job? Some theories:
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Replying to @Aella_Girl
Money is power, the powerful don't want to give up power. The lower wage worker could start their own business at any point, however the likely good they have the capital neccessary is unlikely. Current market is severely lacking middle class opportunities. Entrepreneurs are
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Replying to @Trysin7
I've been self employed for years and the tax burden is incredibly difficult. I wonder how much the tax burden reduces the amount of new small businesses that start up.
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