The Free Market and The Job Market
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Contrary to popular myth, the free market does not dictate that wages are raised for a job
until someone takes the job.
The free market extends beyond the borders of any one country.
The free market covers the entire planet.
The job market is not really a market at all.
It's an auction.
In a normal auction, the highest bidder gets what he is bidding for.
In the world labor auction, the lowest bidder gets the job.
In this auction, the people in Cheaplaborland always bid the lowest, so they always get the job.
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