The iron law of wages states that
A) wages should be fixed on a sliding scale based upon age and difficulty of labor.
B) people will always produce enough food to sustain themselves, and population will adjust based upon that criteria through disease and other illnesses.
C) a wage should be determined in direct proportion to the difficulty of labor and the overall cost of the good at market minus the raw materials.
D) wages will always return to the level needed for bare subsistence of the workers.
E) a minimum wage should be set in each region for workers based upon the economic prosperity of that region.
D
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