Some work is only worth minimum wage because it's low skilled and so many people are willing to do it. This will always be the situation as long as we have an over populated country and no need for any more low skilled work to be done.
OK folks, who can see what is wrong with this statement?
I'll give you a clue, it's in that word "value".
Who thinks that Woowooowl's definition of "How we value" is complete?
OK, I'll phrase it a different way: can anyone think of something that lots of people can do but is still incredibly, very valuable?
Can anyone think of anything that is not scarce but is incredibly utterly valuable?
Can anyone think of anything that is valuable, just not in money terms?
Now, can anyone go back to Woowooowl's statement and think if valuing things by money value is the only way to value things?
And, if there are more ways, why is it that people so often get mixed up by seeing money value = only way of valuing?
And why do they so often take a capitalist valuation as a true valuation?