Welfare Payments To Employees Are Not Subsidies To WalMart And McDonaldsYou don't like the more accurate term of "corporate welfare" eh.
Well then lets call it something you will like. How about "government subsidized hourly employees of Walmart"
Is that "better" for you?
"corporations are paying what they can get away with: yes, [they] will pay as little as they can for anything in order to maximise their profits. But the extension of this is that given the supply of that low skill labour in the US and the demand for that low skill labour then those companies are paying what that low skill labour is actually worth. This is definitional: in a market economy something is worth what someone will pay for it."
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Maybe you could look up the meaning of the word "of". It is different than the word "to".
And really you have no idea of the skill level of a Walmart employee. It may be that the Walmart job was the only job they could find and get. Regardless of skill level.
Guy could be a good mechanic. Woman could be a good baker.
BUT THE ONLY JOBS THEY COULD FIND WAS AT WALMART. Regardless of their skill level.
You are making an assumption that just because they work at Walmart, that their skill level is very low. Some are, some aren't.
Sure, they could be a very skilled brain surgeon, but the job they're doing does NOT require a high level of skill. That's why the job is not worth more than minimum wage. Raise the wage too high and the job disappears.