There was no rate. so, while today, employers can pay the minimum wage. Legally. Then they could get them to work long hours, as children, and for nothing. The only protection they had was to refuse to work, while today they have a low level guaranteed. You lost this argument long ago. From now on, you can argue with yourself.
Perhaps I should bring back the arra arguments you were making, dipshit. I let it go long ago, but you were wrong. Here, we are arguing over your opinion. Dipshit.
There is always a going rate, Georgie! You really ARE that stupid...aren't you!
Thanks for the personal insult, since my name is not georgie.
Did you think that the minimum wage was the going rate. You really ARE that stupid...aren't you!
For your continued education, the going rate for contractors is typically $23 to $45 per hour, depending on location and type of contractor involved. Is that what you had in mind?
The "going rate" is basically whatever a free market sets a price at. If the going rate for contractors is $23 dollars...that's what the market has set that going rate at! Minimum wage totally disrupts the going rate by artificially setting a base wage that people can't work for less even if they would like to.
You want to see first hand what artificially setting wage rates does to a free market? Study what took place in American Samoa when our Congress decided that even though they had a totally separate economy from ours...one in which the average Samoan made around $12,000 a year...that they should have the same minimum wage rate as the US. Unemployment there shot up from around 5% to over 30% and the Samoan political leadership BEGGED to be let out or our minimum wage because it was destroying their economy.
That's terrible. I think I will avoid samoa, myself. You??
Now, march yourself on down to the construction workers union hall and tell them that there will be no more set rates of pay, and see if you can make it out of there in one piece. Or, try a group of those working on min wage of today and tell them there will be no more minimum wage. and they can be happy working for $6/hour. Same problem, me boy. You see, if you believe there is a free market today, you need to go back and try reading Adam Smith and let him explain to you what free market is.
While your at it, you will need to get rid of the Davis Bacon Act. Republicans have been trying to avoid it for decades:
"THE DAVIS-BACON ACT
PROTECTING WAGE EQUALITY SINCE 1931
Since its enactment in 1931, the Davis-Bacon Act (DBA) has provided critical wage protections for construction workers and has guaranteed a level playing field for construction contractors bidding on federal projects.
The federal government constructs buildings, builds dams, and funds housing projects. State highway departments pave roads with federal funds from the Federal Highway Administration. Local and state governments build water treatment plants, modernize schools, and renovate airports with the support of federal funds.
The DBA ensures that construction workers on federal or federally assisted construction projects will not see their wages and benefits undercut by government spending practices. The DBA exists to prevent the infusion of federal dollars into local communities from depressing local wages. DBA provides a wage floor that protects construction workers’ pay, and sets a level playing field for contractors who are bidding on federally funded projects. As important, these standards enable local contractors and their employees to compete for local projects by protecting against under-bidding by contractors from other areas who might import workers or offer the same jobs for less pay.
CONFORMANCES
The Department of Labor’s Wage and Hour Division (WHD) determines locally prevailing wage and fringe benefit rates through the conduct of wage surveys on government contracts covered by the Davis-Bacon Act. Published wage determinations for each county in the country list the wages and benefits that have been found to be prevailing for each classification of worker for which there is sufficient wage payment data."
Frequently Asked Questions: Conformances - Wage and Hour Division (WHD) - U.S. Department of Labor
Hope you don't think this is a free market mechanism, me boy. Cause it is not. It is aimed at gov jobs, but tends to set rates for all kinds of contractors throughout the US, state by state.
Every contractor, and every company involved in contracting, knows of this law. Been around since 1931. Hoover admin law, due to major concerns of local workers having contractors bringing in workers that worked at very low rates. No free market here, just a reaction to free market abuses due to monopoly power.