You forgot to mention that we’ll also need to kill the minimum wage and a slew of laws regarding safe working conditions.
And sanctions, tariffs, penalties, fees, fines, lawsuits, and prison time are major incentives not to move labor out of the country.
Labour supply is the amount of workers willing to work at a given wage. Demand for labour is the amount of workers wanted at a certain wage. If someone's excluded from the market at a certain wage, it means there isn't demand for their labour at that price.
> Labour supply is the amount of workers willing to work at a given wage. Demand for labour is the amount of workers wanted at a certain wage. If someone's excluded from the market at a certain wage, it means there isn't demand for their labour at that price.
If the person is excluded from the market, how does that show lack of demand for their labour at a certain wage? The person isn't even a market participant at that point.
The supply/demand curve here is a bit tricky, becauce, given a minimum wage of $15, the demand for labor at $14.99 is actually less than the demand for labor at $15, because employers are generally not willing to break the law over $0.01/hr
Not sure that's necessary, I'd be for removing ones which have no practical impact on working conditions (i.e. haven't been shown to apply to any situation where non-compliance was at some point common), but labour demand is going up quite a bit even without considerable changes to workplace safety regulations. Some of these regulations could even be argued to increase labour demand (not that that should be a goal of any workplace safety regulation).