Fast food workers you don't deserve 15 an hour to flip burgers and that is ok
theblaze.com
theblaze.com
I have to disagree with the premise that education, skill and expertise are strong qualifiers for level of income. Companies want to pay you as little for your time as possible, in order to extract as much value out of you as possible. You can bet your bottom dollar that EMTs and dentists and whomever you might consider deserving of comfort would be making minimum wage if their employers could get away with it. They can't, not because employers recognize that those jobs are somehow implicitly more worthy, but because the labor pool would refuse to work for those wages, and because those jobs can't effectively be automated or outsourced yet.
If fast food companies can afford to pay burger flippers $15.00 an hour and still make a profit, then perhaps the author should consider whether or not more estimable jobs, by comparison, are still valued too little.
As for 'markets', they're as rigged as the participants allow. You, as buyers, need to turn a blind eye toward the actions necessary 'behind the scenes' in order for the companies to get away with underpaying their personnel. As long as the buying audience actively chooses 'not to care' the companies will do whatever is necessary to avoid profits being spent on employee wages.
Price-fixing is just a derogatory word for 'the market', isn't it?
Trust me, I work for a hospital and entry salaries are insultingly low, poverty level, but there are a bajillion managers / vice presidents that I am sure make six figures. Not sure what they do all day, but I know they don't participate in patient care.
Me, I'm a surgeon and do just fine, but it's crazy how little the support staff in the OR make. Even when they're awesome.
the markup on fast food is like 1000%