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>Zero minimum wage gives 0% unemployment and creates millions of jobs. Sweden has a quite high unemloyment, especially for young people, and Sweden has no mini
by thecopy 11y ago
>Zero minimum wage gives 0% unemployment and creates millions of jobs.
Sweden has a quite high unemloyment, especially for young people, and Sweden has no minimum wage.
- dagw 11y agoTechnically true, but the combination of a generous welfare system and powerful unions means that there is a de facto minimum wage. No one is going to work for much less than they'll get from unemployment, and just try starting a company paying less than the union collective bargaining rates and see how long it takes before a bunch of thugs harass you out of business.
- peterfirefly 11y agoSomeone who doesn't like reality-based economics downvoted you. +1 to compensate.
- peterfirefly 11y agoThe unemployment rate is a lot higher amongst MENA immigrants and their children than amongst the natives. This is a general finding and not in any way unique to Sweden. What is close to unique is the sheer number of low-skilled immigrants relative to the native population.