The Fast Food Protests | Tom Woods:
"Fast-food workers have begun protesting their low wages. (Yes, I know fast food isn’t good for you, but that’s immaterial here.) 'We are worth more,' their signs read. Are they? How can they know? If they were worth more, other firms would have captured their extra worth by bidding them away from the fast-food industry and hiring them themselves. Then we can know they were 'worth more,' at least in some other line of production. Since no one else seems willing to hire them at their current wage rate, it seems to me that the very last institutions they should be angry at are the fast-food restaurants themselves, the only institutions on earth doing anything to improve their standard of living. Why don’t they protest all the places that pay them $0, having refused to hire them at all?"
Recommended reading (my posts):
Should We Blame the UAW for Detroit?
Robots Taking Over Fast Food Jobs: What's to Become of the Useless Eaters?
