Kasz216 on 10 June 2012
You wouldn't reach "virtually" 100% unemployment with no minimum wage.
I mean, theoretically you could, but you wouldn't because some people would just refuse to work crappy jobs for crappy pay.
If we lived in a world where everyone would take the best job they could get, that would happen... I say "virtually" because there would be some lag between quitting/being fired and getting another job of course.
Of course... does that even matter?
I mean at a low enough price i'm sure people would be willing to pay people to do all sorts of things. Whether that person could live off that or not... i'd doubt.
