An honorable member of the Coffee Shop Has Just Posted the Following:
https://www.facebook.com/photo.php?f...&stream_ref=10
Quote:
We could, as some people do, insist that this is all to the good. That youths should be in school or in training rather than the labour force. And thus if a high minimum wage forces them out of work and back into school this is a good thing. And I wouldn’t particularly argue against that notion. But I would point out that it this is explicitly, not just implicitly, accepting the point that a minimum wage can and will have significant unemployment effects.
Looking at this... it is similar to our low wage workers in Singapore. Would they be forced out of job with a minimum wage because they are low skilled or is it better for us to have a progressive wage that allows the low wage workers to progress with more pay with skills upgrades?
Why would the oppies keep insisting on minimum wage when our low skilled workers will be forced out of job if they are not productive enough for that minimum wage?
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03-03-2014, 01:50 PM
Youth Unemployment Shows The Effects Of a Minimum Wage That Is Too High
