"By this logic, all wages should be at the minimum wage..."
No, just the wages for "low-skilled" jobs. As strange as it may seem, people with a valuable skill are in a much better position to get companies to compete with each other for the best workers.
"The most common slave-masters today are alcohol, tobacco, gambling, and other vices."
Yes, and most countries realise that addiction to such things is a terrible public health issue, and in most cases try really hard to support people in breaking free of those chains.
Note that we've tried making such things illegal to protect people from themselves (Prohibition in the US, global War on Drugs.) but in that case it demonstrably hasn't worked, and has done more harm than good. The same cannot be said for minimum wages, which have been instituted by many countries around the world, and has failed to measurably harm the economies of any of them.
No, just the wages for "low-skilled" jobs. As strange as it may seem, people with a valuable skill are in a much better position to get companies to compete with each other for the best workers.
"The most common slave-masters today are alcohol, tobacco, gambling, and other vices."
Yes, and most countries realise that addiction to such things is a terrible public health issue, and in most cases try really hard to support people in breaking free of those chains.
Note that we've tried making such things illegal to protect people from themselves (Prohibition in the US, global War on Drugs.) but in that case it demonstrably hasn't worked, and has done more harm than good. The same cannot be said for minimum wages, which have been instituted by many countries around the world, and has failed to measurably harm the economies of any of them.