Capitalism For Canada  And pure laissez-faire capitalism is an efficient market. Actually the law of supply and demand works even in a dictatorship – there it’s called the black market.
Ryan Hayrynen  How is a worker meant to negotiate a "fair wage" under laissez-faire when the worker has no structural power, nor guaranteed protections in which to leverage against contract negotiations?
Capitalism For Canada  It is the law of supply and demand that determines wages.  Wages will go down in the men’s hair cutting industry if there are too many people wanting to be barbers.  Wages will go up in the computer software industry if there are too few programmers.  It seems that many people think that the employee is at a disadvantage when it comes to employee/employer relations. If that were true, why does anyone make more than the minimum wage?  Why haven’t all employers driven wages down to the minimum?  Why? - because both he and employees are subject to the law of supply and demand.