The Swiss people also voted to cap jobs going to foreigners, including those
from the EU. They also passed a law that requires jobs to be offered to citizens
first. This is known as the rest of the story. With controls in
place, and a government that enforces the laws, they are willing to let the
market set the price. The US is behind several countries such as
Australia and Japan. Our labor/immigration laws are not enforced, and to give
todays workers the same buying power we had in the 70's, we need an
increase in minimum wage.
Let's let Seattle raise the minimum wage and watch how fast those jobs move
to the suburbs. It would be great if everyone made $50/hr, but you have to add
more than that in value. If I can buy a machine that does your job for $20k no
way you are going to make $15/hr. How many people build televisions anymore?
Schnee,Yes isn't it interesting 90% make at least that with a
minimum wage of $0. Let the markets work and look what happens -
the overwhelming great majority end up in a very good position.But
liberals would rather 100% of popululation be in poverty because that would make
everyone equal rather than 90% do very well and 10% live in poverty.
What is life like for those at the bottom end of a no-minimum wage scale. What
are the obstacles to moving out of that? In the U.S. we had an example of that
before the minumum wage was finally in place. You could, and with the erosion
of the minimum wage, can again, work all day and still starve. But your
employer can reap enormous profits off of you, and if the economy is poor for
looking for other work, you don't have a choice of better options.
90% of Swiss workers already make more than that... hmm, wonder what percentage
of American workers make more than that...
No minimum wage?What do the swiss know about economics anyways?
Things are more expensive in Switzerland but their bid for 22 francs seems a bit
ambitious. I suspect that, if their economy 'americanizes' more, and
big chain stores start to exercise predatory wage practices, Swiss attitudes
No minimum wage and the most prosperous economy in Europe.Of course
the people at the bottom struggle. It's called life. What happened to
"no pain, no gain"?
Test run something a bit more ambitious? Oh yeah that makes a lot of sense. And
when the economy tanks oh it'll only take a few years to have a bounce back
out again. But then again it's not Jordan Wiseman's money. People are
in favor of things as long as they don't have to participate.