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Clerks make $35 an hour in Switzerland. If we accept lower inequality and more expensive items - it’s possible that economic growth would improve.
by lumost 3y ago
Clerks make $35 an hour in Switzerland. If we accept lower inequality and more expensive items - it’s possible that economic growth would improve.
- bequanna 3y agoI don’t understand this. Isn’t that just forcing the lower middle class up by artificially inflating wages? What is the motivation to pursue additional training, education, or to work challenging/unappealing jobs? We also do this in the US to some extent with overpaid government workers. Until recently, there were relatively few of these jobs. But now state and federal agencies have become bloated with BS “do nothing” jobs.
- lumost 3y agoIt’s complicated. High base wages incentivize automation. Switzerland has much more extensive automation of basic labor then the us has. Higher wages also trickle up, a plumber demands 50/hr etc. jobs paying the base rate are rarely desirable from a social standpoint - social pressure provides an incentive to up skill/increase service standards.
- panick21_ 3y agoYes but it didn't go there because one the the government announced that every clerk got that much money. The economy grew and wages went up over time. You can just say 'everybody gets a billion $ an hour' by law and have a great economy.
- paulddraper 3y agoDo they make $35 an hour because of minimum wage law, or market economics? (Answer: Switzerland does not have a statutory minimum wage.)