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I 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
by tux1968 6y ago
I 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.