“In a market-based labor contract, there is no exploitation. People come to agreement based on their own perceptions of mutual benefit. A person who believes it is better to work for $1 an hour rather than sit at home doing nothing is free to make that contract. In fact, a person who works for a negative wage—who pays for an internship, for example—is free to make that deal too.I propose to you, then, a definition of exploitation that comes from the writings of William H. Hutt: violence or threat of violence implied in the negotiation of anything affecting the life of a worker or employer. In that sense, the present system is exploitation. Workers are robbed of wages. Employers are robbed of profits. Poor people and young people especially are robbed of opportunity.”

— Lew Rockwell

As quoted in "How to Fix the Jobs Problem" http://www.lewrockwell.com/rockwell/fix-jobs-problem140.html (29 January 2010).
2010s

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Lew Rockwell 12

American libertarian author and editor 1944

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