As long as competition exists in a market, the mainstream economics school of thought would suggest that there is no "labor problem" even if wages are low, work hours are long, etc.

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The mainstream economics school of thought assumes that in a competitive market, wages and work hours are determined by supply and demand. Therefore, if workers are willing to work for low wages and long hours, it is because those are the market conditions that exist. This view does not see a "labor problem" but rather a reflection of market forces.

As Long as Competition Exists in a Market, the Mainstream