[P2P-F] As Barriers to Entry are Lowered, Wages will be Destroyed

[Patrick Anderson]

As the overhead to participate is reduced,
the number of potential workers is increased.

As capital-outlay approaches zero, all peers
will have the chance to reverse-bid for any
job for which they have skills.

This will cause wages to fall to the minimum
since there will then be nothing to stop
consumers from hiring the lowest bidder.

Is this an expected result?

What can we do to solve this dilemma?