Most economists are opposed to the "living wage" concept in foreign labor agreements because:

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Most economists are opposed to the "living wage" concept in foreign labor agreements because it is well above the market wage, and many workers in poor nations would lose the opportunity to be employed. They argue that setting wages at a level higher than market rate could lead to unemployment, as companies may not be willing or able to pay the higher wages. In turn, this could lead to a loss of jobs for workers who depend on employment in these industries. Therefore, while the concept of a living wage may seem appealing, many economists believe that it is not a practical solution for improving the well-being of workers in low-income nations.

Most Economists Are Opposed to the "Living Wage" Concept in Foreign