But many are not, and the main reason is to eliminate competition with other people who don't want to sell those rights at the going price.The main reason is to prevent those whose main employable talents is being filthy rich from working people who weren't born with a silver spoon in their mouth to death, just because these working people need to feed their families.
Of course, but you missed the point, which is about the mechanism for stopping filthy rich people from doing that. The reason the filthy rich person, with all rights being waivable, would be able to entice someone to work to death is that the worker is competing for the job with other workers who are willing to work to death. By removing everyone else's ability to waive his right to work to death, we eliminate that competition and force the filthy rich person to offer a better job to everyone.
The ultimate effect is a redistribution of wealth from the filthy rich employer to the workers. But this is just one mechanism for doing that.
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