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Minimum wage wont help them out of poverty. It will just increase prices and they will still be price out. But now, you will have a group of ex-worker who not g
by oneTbrain23 3y ago
Minimum wage wont help them out of poverty. It will just increase prices and they will still be price out. But now, you will have a group of ex-worker who not getting jobs because being price out also. Sounds great but implementaton is bad. It is better to subsidize these workers with skillset to find alternative and better jobs (yes something like learn to code mentality but more like German type of apprenticeship learn skill other than coding....e.g. plumbing). Singapore and Malaysia is a good example where min wage not practice in SG but in Malaysia. And yet SG wage keep on raising simply due to capitalism fighting for a limited labor resources and not artificially jack up the price of labor to make politician look like genius solving economic problem beyond their expertise.