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It's a philosophical debate
its a bad idea.
It's a philosophical debate
its a bad idea.
Elaborate.
a minimum wage is dependent on local cost of living
cost of living is not the same around the world
You missed my previous posts, unless I posted that on another thread.
yeah, i wouldn't argue for that either. but if they're relying on sweatshop conditions to cut costs, **** that.
National Bureau of Economics Working Paper 12663: Studies that focus on low-wage workers provide relatively overwhelming evidence that minimum wage increases result in strong disemployment effects
National Bureau of Economics Working Paper 18681: Utilizing proper control groups leads to stronger disemployment effects; the evidence shows that minimum wage increases still represent a trade-off between higher wages for some and unemployment for others
National Bureau of Economics Working Paper 19262: We find that the minimum wage reduces net job growth, with the most pronounced effects on younger and low-wage workers
National Bureau of Economics Working Paper 6127: The Evidence indicates that Minimum Wage Increases mostly redistribute resources among the low wage demographics, with slightly more people falling into poverty due to the lost income of disemployment than rising out of it due to income increases.
MW hikes hurt the least skilled and least experienced among us, which has an unfortunate overlap with the poorest among us, by making them structurally unemployable.
On a global scale, low cost of living and low wage costs are many nations' competitive advantage. A global MW is just another way to advantage wealthy nations at the expense of the poor.
Same.
Hey blaxshep, I'm sure it's been a busy day for you, you must have missed this. No worries though - it happens to all of us
. Just wondering, though, you ever gonna get around to addressing the fact that proposals to hike the minimum wage are basically proposals to **** over poor people?
Read post #71 and down a few.
Nah. One man's sweatshop is another man's ticket out of the fields. When you're looking at the difficulty of working conditions, etc., the relative comparison isn't to America, but rather to what those workers would otherwise be doing.
yeah, we already had that discussion when you were defending child labor in another thread. i'm not going to discuss that with you ever again. we're going to have to agree to disagree on that one.
:shrug: okedoke. But punishing people because they can't just "jump" 50 years of economic development doesn't help them.
Is global minimum wage a good idea or not?
And why?