Henderson On The Wages and Blame

Brilliant explanation. Definitely click through, it’s brief and perfect.

Blaming the Person Offering you the Best Deal, David Henderson -EconLog: I saw a woman on Stossel tonight who works for McDonald’s. She said she was paid $8 an hour, but felt she deserved $15. I thought: Wait a minute, McDonald’s isn’t the only company not paying you $15 an hour: neither you nor I are aware of anyone willing to pay you that much. So why is your problem with McDonald’s?