Whats Objectivisms take on “the living wage?
Laissez-faire capitalism rests on the principle of employment at will. Individuals contract, implicitally, if not explicitly, over job expectations and wages. If a worker grows dissatisfied with his wage, he is free to renegotiate for higher wages. He is even free to strike, if he deems it necessary. What he does not have is a right to a wage that his employer is not willing to pay him. And, should he strike, he should be prepared to be replaced. After all, if an employee strikes, he has reneged on his promise to perform his job at the agreed upon wage. Contrary to modern views of employee rights, an employee does not own his job. Rather, his job exists at the whim of his employer. 6.
