3 ms·
I'm confused, how does that show minimum wage is not an anti-poverty measure? Doesn't that just indicate it's an anti-poverty measure for wealthier nation's?
by karpierz 6y ago
I'm confused, how does that show minimum wage is not an anti-poverty measure? Doesn't that just indicate it's an anti-poverty measure for wealthier nation's?
- tux1968 6y agoI suppose it's not an ironclad refutation of the idea, but I think it does suggest minimum wage isn't the magic bullet one might hope. If it doesn't work for a poor country, you had better be able to explain very convincingly why it will work for a rich one, and not turn it into a poor one instead. And also explain, why the techniques used to go from a poor country to a rich one... must then be abandoned at some point.