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As a side note, can you imagine what things would be like if the US didn't have a minimum wage? Here in Germany we don't have one and there are people working
by sentenza 13y ago
As a side note, can you imagine what things would be like if the US didn't have a minimum wage?
Here in Germany we don't have one and there are people working for wages as low as 3€ per hour[1]. That is 4.07$.
[1] http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.fr-online.de%2Farbeit---soziales%2Flohn-dumping-das-mindestlohn-versprechen%2C1473632%2C24158188.html http://translate.google.com/translate?sl=de&tl=en&js=n&prev=...
- 3pt14159 13y agoGermany has an unemployment rate 1.5 points less than America. If we can attribute the bulk of that to the artificial spread between supply and demand of labor due to price fixing (minimum wage) then the difference would be 2.5 million people would be in the workforce.
- ThomPete 13y agoGermany has a much better social security mesh than the US.