Comment: Fact,

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Fact,

You could be right and you could be wrong.

If there are enough hungry and desperate mouths lined up willing to work, then the wage rate will be very low regardless of margins, profitability, et al.

If one society wants to use various means to uphold a standard of living it considers desirable, and preserve a middle class perhaps for political stability, then it is in their interests to take steps to do so, even if it means some involuntary unemployment or some inefficiencies.