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"It's an inefficient one. We can do a better job at improving their welfare at a lower overall cost." So show us anywhere in the Western world that does that;

by Frondo 9y ago

"It's an inefficient one. We can do a better job at improving their welfare at a lower overall cost." So show us anywhere in the Western world that does that; improves the welfare of the poor without a minimum wage. But show us with evidence from other countries that are currently employing the system, don't defer to untested and unproven "it could be so if..." claims, please.

deleted 9y ago
[deleted]
ptr 9y ago
Technically, Sweden doesn't have a minimum wage. Some unions negotiate salary centrally for their members though.
- jpttsn 9y ago
  Centrally is an understatement. There is legislation that binds non-union members at non-union workplaces to union agreements.
  - kwhitefoot 9y ago
    It's essentially the same here in Norway and so far the system is working reasonably well. It does mean that my job as a software developer doesn't pay as well as it might in the US but on the other hand I have a lot more security; I can't be fired without cause, notice periods are six months after working for the company for ten years, etc., redundancy compensation is generally reasonable, and so on.
    - jpttsn 9y ago
      Compared to the US, I think there might be a shortage of truly affluent individuals. Are there angel investors in Norway, that can give a new startup a chance?
      - kwhitefoot 9y ago
        As the population of Norway is less than 1/60th part of the US then there is bound to be a massive difference of course but they do exist and Norway does in fact have quite a few fairly well off people. There is even a Wikipedia page listing the top six. Norway is ranked 25th in the world in number of billionaires with 14 so in terms of billionaires per capita it beats the US by a fair margin. Of course, their total wealth is much less. Anyway, yes there are angel investors and companies that exist only to match them to those needing the money. Again, probably not on the scale you will find in Silicon Valley.

by Frondo 9y ago

deleted 9y ago

[deleted]

ptr 9y ago

Technically, Sweden doesn't have a minimum wage. Some unions negotiate salary centrally for their members though.

jpttsn 9y ago
Centrally is an understatement. There is legislation that binds non-union members at non-union workplaces to union agreements.
- kwhitefoot 9y ago
  It's essentially the same here in Norway and so far the system is working reasonably well. It does mean that my job as a software developer doesn't pay as well as it might in the US but on the other hand I have a lot more security; I can't be fired without cause, notice periods are six months after working for the company for ten years, etc., redundancy compensation is generally reasonable, and so on.
  - jpttsn 9y ago
    Compared to the US, I think there might be a shortage of truly affluent individuals. Are there angel investors in Norway, that can give a new startup a chance?
    - kwhitefoot 9y ago
      As the population of Norway is less than 1/60th part of the US then there is bound to be a massive difference of course but they do exist and Norway does in fact have quite a few fairly well off people. There is even a Wikipedia page listing the top six. Norway is ranked 25th in the world in number of billionaires with 14 so in terms of billionaires per capita it beats the US by a fair margin. Of course, their total wealth is much less. Anyway, yes there are angel investors and companies that exist only to match them to those needing the money. Again, probably not on the scale you will find in Silicon Valley.