Thursday, March 17, 2005

Free Market Labor

The German web site lets would-be employees bid against each other for how low a salary they will take for posted jobs. (The site enforces a minimum wage of about $4 per hour.) Job seekers can also post a list of their skills, and potential employers can bid up the offered wage. Naturally, the unions hate this, saying the premise is "immoral”, or even that it resembles “a slave market.”


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