It is intriguing that we accept the government's role in establishing a "minimum wage," yet there appears to be no concern when a corporation awards its CEO millions of dollars without any apparent upper limit.

While the government's involvement should not be all-encompassing, the absence of regulation in certain areas could lead to unforeseen consequences. The autonomy of businesses to determine wages could indeed result in offers as low as $1 per hour, leaving market forces to dictate the outcomes.

In such a scenario, potential employees may choose not to pursue these low-paying positions, seeking more equitable compensation elsewhere, potentially leading to a natural selection process where businesses unable to attract a workforce may ultimately fail. It prompts the question of why governmental imposition of standards is perceived as acceptable. Allowing the market to self-regulate may, in theory, lead to more optimal results in the long run.