Quote:
Originally Posted by unsunghero
[You must be logged in to view images. Log in or Register.]
Well this is what I don’t like about the idea of living wage. Everyone has different standards of living
A homeless migrant living in a tent and working cleaning toilets for $3/hour eating his free daily church meal is still living, in the sense that he is still surviving as we are all programmed as animals to try to do
Aside from labor supply and demand, wage is how much an employer values the skillset you bring to the table. The smaller the skillset, the less valuable it is. But what can also fuck everything up is thousands of people in an area with small skill sets some of which are willing to accept almost nothing for those. These lower the bargaining power of everyone else around
|
OK is it good strategy to setup your country around the taxbase performing low skill labor?