Oh I think it will, as will surplus labour the unemployed. Your first problem is refering to an hourly rate as a wage. Your next problem would be how to deal with "in leu" payments.
The only sure way to protect workers vis bosses is to restrict the supply of labour, and visa versa.
One of the problems with this is that the workers are expected to be available if no work is given. What kind of business would try and pull that on other businesses? "We dont want to buy from you atm but you cant sell to anyone else". This is restrictive trade and imo those companies deserve to...