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It's actually likely due to low minimum wages. Countries with high minimum wages do not have superfluous jobs. They still end up with similar employment rates o
by AnotherGoodName 6y ago
It's actually likely due to low minimum wages. Countries with high minimum wages do not have superfluous jobs. They still end up with similar employment rates overall as the increased spending power of the bottom 50% stimulates the economy overall but there are definitely fewer bullshit jobs.
- JPKab 6y agoI agree with your statement here, but it should be noted that it's important to have smart minimum wages adjusted for regional cost of living. In the US, the minimum wage hikes can often result in local reductions in employment in the short-term. In the long-term, minimum wage hikes tend to not at all reduce employment, even when implemented in clumsy fashion like the US tends to do. It's a shame that conversations on these things are so politicized, because it immediately prevents nuanced discussions because ideologues pounce and label you an opponent if you try to discuss realistic details.