(November 6, 2014 at 11:11 am)Mister Agenda Wrote:(November 5, 2014 at 8:53 pm)stonedape Wrote: Athens Greece is the only case I can think of where it totally backfired. They were promised boats and the retirement age of 45. But countries like Swizerland where min wage is $25 an hour have great economies.
Ultimately I am against minimum wage. I am for profit shares. Productivity goes up when it's rewarded directly.
The $25 minimum wage didn't pass, with over 70% of voters against it. It's purchasing power would have been the equivalent of about a $14 an hour wage in the USA.
http://www.bloomberg.com/news/2014-05-18...shows.html
Um no. Again you can make a case for lower wages in places where cost of living are lower. No matter the location wages should allow for a person to work one job and have the ability to pay their bills. It still amounts to a ratio and if that ratio does not meet the cost of living it creates more dependency on society.
Every social ill we bitch about stems from our pay gap. Reduce the pay gap increase the ability to live, more business less dependency, less crime, better education.
