William Lee has been employed as a farmhand at Jean-Louis Mushroom Farms for four years. Following a decline in the value of mushrooms, Jean-Louis was forced to unilaterally alter the terms of William’s pay slightly, reducing it to the current minimum wage. Jean-Louis also decided that it was necessary to abolish his custom of allowing employees to eat as many mushrooms as they desire while at work. Despite the fact that William’s wage underwent only a minor reduction, William refuses to work for minimum wage and has brought an action for the balance of wages owing at his previous hourly rate. William is relying on his employment contract as well as past payment accounts, which prove his previous rate of pay. Discuss the factors that affect minimum pay rates. Is Jean-Louis justified in lowering William’s wages if they continue to meet minimum wage requirements? Explain.