(December 17, 2020 at 12:44 pm)The Grand Nudger Wrote: -and with that in mind, and assuming that conservative economic principles are aimed at wealth generation - again I have to wonder whether this is a right left thing. It seems to me that conservative policies can be implemented with regards to increasing minimum wages, which we can agree is a desirable outcome and valid use of government resources and authority.
What else are they supposed to be for?
Correct me if I'm wrong, non-usians....but that is how conservatives in countries with aggressive minimum wage reform apply themselves...is it not? Not loons, mind you, conservatives? Minimizing the shock to markets while pursuing the goal of wealth generation and increased qol?
Conservatives in the UK and NZ don’t - by and large - object to the concept of a minimum wage, but often try to slow-track increases to avoid the non-existent economic disasters mentioned earlier.
A useful metric of how ANY country’s legislature views a living wage is how the legal minimum compares to the actual median income.
In the UK, minimum wage is 60% of the median, in New Zealand, it’s 74%. In the US, it’s 38%. Make of that what you will.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
