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The labor is worth whatever anyone wants to pay for it to anyone who wants to pay, except when some third-party interferes (such as mafia,government,etc).
When I read "I want my fucking garbage picked up!", it sounds like some selfish son-of-a-bitch who cares more about his garbage pickup than about society or justice or fairness or about other people in general.
There are basically 3 paths to "correct" labor markets through government controls.
1. More government control of labor markets.
2. Less government control of labor markets.
3. No change or minor changes.
The solution to garbage pickup is to privatize waste disposal. And before you reply, "I dont want my fucking neighbors to hire some dangerous poor ass people who might fuckin rob me when they are in the fucking neighborhood" ..... your neighbors should have the right to hire "dangerous looking people" even if you dont like how they look or dont like their social status or income. Dont act like a nazi by thinking that low-class people have no right to be in "your" neighborhood. It's not "your" neighborhood unless you acutally own it.
The alternative solution is .... mandatory wage increases .... which may lead to fewer employed people if the minimum wage is set higher than the freemarket wage .... which leads to more gov handouts to the increasing number of unemployed ... which leads to even greater numbers of unemployed as unemployment becomes profitable and attracts newcomers .... which leads to even more extreme government measures to spur labor and reduce unemployment.
Soviet Communism failed (partially) because it eventually leads to totalitarian controls on economic activity. Dont go in that direction. Go in the other direction instead. Even "Communist" China stopped heading down the path of totalitarian economic controls.
Think about this .... If minimum wage laws are so good and effective, then why do they need to be increased occasionally? If they are increased because of , lets say, inflation, then does that mean they were insufficient for a period of time? Yes, it does (by this reasoning). And if minimum wage laws are sometimes insufficient, then how much are minimum wage laws really helping?
The reality is that government is slow to "fix" minimum wages. And before you even think it .......... giving power to government to change the minimum wage, overnight, would just mean another step toward totalitarian economic controls. It would be mean a small group of officials could change the minimum wage overnight with little or no public review. Overnight is not enough time for public (voter or congressional) review or approval.
Finally, someone can always try to rob your house, if they make that choice, with or without minimum wage laws. If there is enough wealth in your house, maybe someone will try to rob you even though the robber already has a minimum wage job. I can only say "maybe" because I dont know anything about this hypothetical robber.
It's like saying that higher speed limits result in more accidents. That is not necessarily true. High speed limits mean vehicles can spend less time on the road, which means less traffic, which means less vehicles to crash into.
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